Business

More investment flows into SHTP

The Ho Chi Minh City People’s Committee released its approvals of nine investment projects, including a foreign direct investment (FDI) project and eight domestic ones, into the Saigon Hi-tech Park (SHTP) with a total value of 777.29 million USD.
At the ceremony (Photo: sggpnews.org.vn)
Hanoi (VNA) - The Ho Chi Minh City People’s Committee released itsapprovals of nine investment projects, including a foreign direct investment(FDI) project and eight domestic ones, into the Saigon Hi-tech Park (SHTP) witha total value of 777.29 million USD.

Techtronic Industries from Hong Kong (China) is the investor of the FDI projectinto Techtronic Tools (Vietnam) Co. Ltd. The company works in the field ofmicroelectronics. It has a comprehensive capital of 650 million USD, 130million USD of which is used to construct a component manufacturing plant forsmart handheld devices in industries and daily life, along with a new Research& Development (R&D) Centre.

Two domestic production projects are Orgalife Nutrition Science Co. Ltd., whichcreates enzyme and related nutrition products, with the total investmentcapital of 700.6 billion VND (about 30.23 million USD), and Vietnam StandardReference Material Factory, invested by Vietnam Standard Reference MaterialJoint Stock Co., with the total amount of 270 billion VND (11.65 million USD).

Meanwhile, the six R&D projects are for HDKING R&D Centre for HighTechnologies, invested by iSmartcity Joint Stock Co. with the total capital of 420billion VND (18.12 million USD); DFM R&D Centre for Technology by DFM TechJoint Stock Co., worth 115 billion VND (4.96 million USD); Vietnam-JapanHi-tech R&D Centre by CNC Vietnam-Japan Investment Co. Ltd. worth 360billion VND (15.53 million USD); the R&D Centre for Robot Manufacturing andAutomation by CNC Idea R&D Centre worth 115 billion VND (4.96 million USD);the R&D Centre for Irradiation Technology by An Phu Irradiation Joint StockCo. worth 877.68 billion VND (37.87 million USD); and the R&D Centre forPlant Cells and Medicine Material Production by Goldenlife PharmaceuticalProduct Joint Stock Co. with 478.5 billion VND (20.64 million USD).

According to Le Bich Loan, head of SHTP Management Board, the approval of thenine projects has helped her organisation to achieve the goal of attracting FDIand domestic investment in 2019. Noticeably, SHTP contributes 55 percent to thetotal new FDI investment capital of the city./. 
VNA
#foreign direct investment #investment projects #Saigon Hi-tech Park #R&D Centre #SHTP Management Board #vietnamplus #Vietnam News Agency Ho Chi Minh City
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