The economic hub of Ho Chi Minh City has long been a centre for thedevelopment of science and technology in Vietnam , and the effectiveinvestment in the field has significantly contributed to speeding upthe modernisation and industrialisation in the southern region and thecountry as a whole.
Covering a total area of 913 hectares, the Ho Chi Minh City hi-tech park is one of three set up by the Government.
After 11 years of development, the park has been an attractivedestination for foreign direct investment. Notably, it is hosting a 1billion USD project funded by the world’s leading semiconductor firm,Intel Corp.
As of November 2013, the park had licensed 58 hi-tech projects totalling 2.1 billion USD, 84 percent of which was FDI.
Since the first project became operational in 2005, it has hosted 38enterprises specialising in high technology research, production,training and application.
Many products from thepark have helped raised the city’s GDP. Enterprises in the park havealso contributed around 14.1 million USD to the state budget annuallyand created jobs for more than 1,700 employees.
Theinvestors in the park have not only succeeded in researching newproducts, but have also started introducing them to foreign markets,said Ass.Prof. Le Hoai Quoc, head of the HCM City Hi-Tech ParkManagement Board
”This is an important step forwards promoting the ongoing development of the park,” he noted.
Many businesses at the park have particularly succeeded in the areasof semiconductor production and biotechnology. Notably, many products ofthe Nanogen biotechnology company have filled the domestic market aswell as a number of Southeast Asian and Middle Eastern markets.
Currently,the park is continuing its infrastructure building in the second phase,which focuses on some prioritised sectors including microelectronics,information technology, telecommunications, automation, nano technologyand biotechnology.
More efforts will also be made to produce products with high value to serve consumers and to boost the support industry.
Within the three years since 2011, the total investment in science andtechnology in HCM City hit more than 211 million USD.
The development of high technology in the city is on the right track,matching global trends. This is also an important factor fuelling theindustrialisation and modernisation of Vietnam.-VNA
Covering a total area of 913 hectares, the Ho Chi Minh City hi-tech park is one of three set up by the Government.
After 11 years of development, the park has been an attractivedestination for foreign direct investment. Notably, it is hosting a 1billion USD project funded by the world’s leading semiconductor firm,Intel Corp.
As of November 2013, the park had licensed 58 hi-tech projects totalling 2.1 billion USD, 84 percent of which was FDI.
Since the first project became operational in 2005, it has hosted 38enterprises specialising in high technology research, production,training and application.
Many products from thepark have helped raised the city’s GDP. Enterprises in the park havealso contributed around 14.1 million USD to the state budget annuallyand created jobs for more than 1,700 employees.
Theinvestors in the park have not only succeeded in researching newproducts, but have also started introducing them to foreign markets,said Ass.Prof. Le Hoai Quoc, head of the HCM City Hi-Tech ParkManagement Board
”This is an important step forwards promoting the ongoing development of the park,” he noted.
Many businesses at the park have particularly succeeded in the areasof semiconductor production and biotechnology. Notably, many products ofthe Nanogen biotechnology company have filled the domestic market aswell as a number of Southeast Asian and Middle Eastern markets.
Currently,the park is continuing its infrastructure building in the second phase,which focuses on some prioritised sectors including microelectronics,information technology, telecommunications, automation, nano technologyand biotechnology.
More efforts will also be made to produce products with high value to serve consumers and to boost the support industry.
Within the three years since 2011, the total investment in science andtechnology in HCM City hit more than 211 million USD.
The development of high technology in the city is on the right track,matching global trends. This is also an important factor fuelling theindustrialisation and modernisation of Vietnam.-VNA
