Saturday, August 19, 2017 - 3:22:00

HCM City licenses 130 million USD OneHub Saigon project

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Ascendas-Saigon Bund Ltd Co. received an investment licence for its OneHub Saigon complex project on September 25.

The ceremony was attended by Former Prime Minister and Emeritus Senior Minister of Singapore, Goh Chok Tong, municipal high-ranking officials and representatives from the Ho Chi Minh City Hi-Tech Park.
The OneHub Saigon complex, valued at 130 million USD, is a joint venture between Singaporean enterprise Ascendas and Saigon Bund Capital Partners Ltd Co. It will span 11.9ha in the Hi-Tech Park, becoming the first OneHub venture in Vietnam, implemented by Ascendas and based on successful models in India and China.

Le Hoai Quoc, Head of the Hi-Tech Park Management Board said Onehub Saigon will be an urban complex that follows regional and international development trends, attracting high-quality human resources and adding value to the park.

With its unique design and plans, OneHub Saigon will act as an architectural focus for the park and the eastern part of the city, Quoc added.

Le Hoang Quan, Chairman of Ho Chi Minh City’s People’s Committee, believes the OneHub Saigon project will be successful thanks to Singapore’s expertise in hi-tech park development and Ascendas - Saigon Bund Ltd Co.’s understanding of the city. Currently, the City’s Hi-Tech Park, including OneHub Saigon, has attracted 2.5 billion USD from over 60 multinational companies, such as Intel, Nidec and Sanofi. /.
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