Deputy Prime Minister Vuong Dinh Hue visited the Ho Chi Minh City’s Hi-Tech Park on May 20 (Source: VNA)

 

Ho Chi Minh City (VNA) – Ho Chi Minh City’s Hi-Tech Park has done a good job in attracting foreign capital and technology but it should make more efforts to boost the proportion of hi-tech products. 

Deputy Prime Minister Vuong Dinh Hue made the call at a working session with the park’s management on May 20, adding that the park should choose enterprises using advanced technology instead of those merely involving in assembling. 

The park also needs to attract more scientific ideas and innovation from universities and research institutes and turn them into commercial products, making the park a real place for nurturing scientific-technological start-ups. 

The Deputy PM stressed that the development of science-technology needs support from venture capital funds, adding that the government will have to create mechanisms for such funds to operate. 

He also said the government will review policies on science-technology development and the distribution of capital for science and technology to improve investment efficiency. 

According to Le Hoai Quoc, Head of the Park’s Management Board, in the past 14 years the park has attracted high-tech employees from many countries all over the world. 

But for the park to develop further, suitable mechanisms are needed to develop infrastructure and call for more investment, he said. 

The park also lacks quality managerial staff as well as trained human resources to meet firms’ needs. 

As of now, the park has 97 valid projects with a total investment capital of 5.49 billion USD, with the combined production value of all enterprises increasing annually. 

Products manufactured in the park make up 94 percent of the high-tech products in the city./.