The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City (Source:VNA)
HCM City (VNA) – The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City granted investment licences on December 11 to two new projects in the park, worth a total nearly 200 million USD. 

One project, invested by the Binh Viet Duc Limited Company, will build a medicine complex with an investment capital of 120 million USD on an 80,000 sq. m land plot. 

The complex consists of four plants, manufacturing plasma and insulin products. The first phase of the project is expected to go into operation at the end of 2017.

Binh Viet Duc Limited Company’s Project Director Ho Ngoc Tuyen said the plant will use about 300,000 litres of plasma a year.

The other project, an engine manufacturing factory of the Republic of Korea’s New Hanam Limited Company, has an investment capital of 74 million USD.

Covering an area of 30,000 square meters, the plant will comprise manufacturing and assembling workshops, offices and research and development (R&D) laboratories. 

The plant’s capacity is expected to reach about one million products a year, including motors for refrigerators, washing-machines, and air-conditioners during its initial phase.

New Hanam is a supplier of motor products for Samsung. 
The national-level SHTP has reportedly attracted 68 investment projects with a total registered capital of 4.1 billion USD since its establishment in 2002. 

Enterprises here have exported about 10 billion USD and imported roughly 8.8 billion USD worth of goods.-VNA