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Saigon Hi-tech Park expects to rake in 19 bln USD in investment in 2020

The Saigon Hi-tech Park (SHTP) in Ho Chi Minh City expects to draw about 19 billion USD in investment this year, according to its management board.
Saigon Hi-tech Park expects to rake in 19 bln USD in investment in 2020 ảnh 1A view of the Saigon High-Tech Park. (Photo: VNA)

Hanoi (VNA) – The Saigon Hi-tech Park (SHTP) in Ho Chi Minh City expects to drawabout 19 billion USD in investment this year, according to its management board.

The value ofhi-tech products created at the SHTP would reach 95 percent of the yearly plan,contributing to the city’ssocio-economic stability and budget.

Deputy head ofthe SHTP management board Le Bich Loan said, to attract investment, it has held meetings with26 investors, including 15 domestic and 11 foreign firms, who were looking for businessopportunities in the hi-tech park.

Earlier thisyear, the SHTP Labs has inked an agreement with the Korea Institute ofIndustrial Technology (KITECH) to establish a Vietnam-Korea training centre atthe park./.
VNA
#Saigon Hi-tech Park #SHTP #investment attraction #Vietnam #Vietnam news #Vietnam News Agency #Vietnamplus #Korea Institute of Industrial Technology #KITECH Ho Chi Minh City
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