Ho Chi Minh City saw a record investment amount of nearly 1.9 billion USD registered across 10 projects in the Saigon Hi-Tech Park (SHTP) in 2014.

The figure was released by Vice Chairman of the municipal People’s Committee Le Manh Ha at a conference held by the SHTP Management Board on January 20.

Included in the 10 projects are four foreign direct investment (FDI) projects worth nearly 1.55 billion USD, the majority of which is sourced from the Samsung CE Complex Project valued at 1.4 billion USD.

The high-tech projects, bringing significant long-term impact to the city’s sector, played a role in naming the park, Ha said.

In 2015, the park plans to further develop its infrastructure with a focus on completing the facilities required for the Samsung project.

It also expects to earn 3.3 billion USD from the export of high-tech products.

According to the park management team, in 2014 the figure stood at more than 3.1 billion USD and comprised over 90 percent of the city’s value. More than 32 percent of the product content were made locally.

Additionally, the SHTP Centre for Research and Development announced its four commercialised products within the year.

SHTP currently houses 68 projects with total investment over 4.1 billion USD.

On the day, the SHTP Management Board inked a deal with the Netherlands Company Fab Max B.V on the training of semi-conductor personnel under the auspice of the Netherlands Government.-VNA