The first phase of the Vie-Pan Techno Park (Vietnam-Japan technological park) was officially inaugurated in Ho Chi Minh City on December 5.

Construction of the park, which covers 13 hectares of land in Hiep Phuoc Industrial Zone, started in February this year with a total investment of 31 million USD, with the aim to serve Japanese small- and medium-sized enterprises investing in the city.

The first phase has built more than 14,100 sq.m of workshops and offices for rent on 3 ha at an investment of 7.6 million USD.

According to the Board of Management of Export Processing Zones – HCMC (Hepza), eight Japanese enterprises have registered their projects in the Industrial Park. Two of them have been granted licence.

Vice Chairman of HCM City People’s Committee Tat Thanh Cang emphasised the importance of the project, adding that it will create a premise for developing the supporting industry in the city.

Also on the occasion, a Kansai Desk was set up to serve as a bridge between the city’s agencies and the Kinki industrial zone in Japan’s Kansai region.-VNA