Illustrative image (Photo: VNA) This is considered an important foundation to help the city raise the quality of its economic growth and competitiveness, and attract moreprojects with high scientific-technological contents.
Over the past time, many domestic and foreign-investedcompanies in Ho Chi Minh City have established advanced production models andapplied high-tech techniques, thus forming modern production lines, easingdependence on imported components, and meeting the demand forhigh-tech products in the country and for export.
The Saigon Hi-tech Park (SHTP) currently has 165 validinvestment projects totaling 8.6 billion USD, in which many major groups suchas Samsung and Intel have enjoyed effective business and investment and plan toexpand their production scale.
To date, its hi-tech production value hits nearly 108billion USD, and its labour productivity is 6.6 times that of thecity’s average and nearly 17 times that the country’s average.
In early March, the city issued a programme on scientificresearch and technological development for 2021-2025, in which investment inscience and technology from the city budget will be equal to over 2 percent ofits total budget expenditure, a rise from the current figure of less than 1percent.
To attract major investors, the city is promoting theestablishment of a 300-ha hi-tech supporting industrial park to create anecosystem of hi-tech supporting industries.
Head of the SHTP management board Nguyen Anh Thi said thatin its investment attraction strategy, the park will prioritise projectswith new and advanced technologies.
It expects to draw around 3 billion USD in the over 50 hi-techprojects in the 2021-2025 period./.
VNA
