Saigon Hi-Tech Park

The Saigon Hi-Tech Park (abbr.: SHTP) is a park for high technology enterprises located 15 km from downtown Ho Chi Minh City, opposite to Thu Duc University Village, along the Hà Nội Highway and on the future line 1 of the HCMC metro (2014). The park covers an area of 326 ha (95% utilised) and is currently being expanded to 913 ha.[1] High-tech investors are given preferential treatments here with land leases and taxation, as well as support for customs services.

Saigon Hi Tech Park

Several world leading high-tech companies chose SHTP,[2][3] notably:

  • Japanese Nidec,[4][5] (TSE:65940, NYSE:NJ, hard disk drive motors) with multiple factories under Nidec, Nidec Copal and Nidec Sankyo flagships and total investment of US $500 million for a planned 20,000 workforce,
  • US Intel (NASDAQ:INTC) with US $1 billion registered investment to build the largest chip assembly & test plant in the world,[6]
  • French Air Liquide (EPA:AI), gases for industry, health and the environment,
  • Danish Sonion, miniature and hearing components who employs more than 2,000 workforce in SHTP,
  • US Jabil (NYSE:JBL) electronic supplier,
  • Italian Datalogic (STAR:DAL.MI) bar codes readers.

In total 26 companies were in operations in 2011, employing more than 11,000 employees and a total registered investment of US $2 billions.

This park was aimed at promoting Ho Chi Minh City and Vietnam as a hi-tech investor friendly destination. The new phase is focusing on education, bio-technology, start-up incubators, training centres, software, R&D, telecom. This park is one of two hi-tech parks in Vietnam, the other being Hoa Lac Hi-tech Park situated in the western outskirts of Hanoi near the University of Sciences and Technologies of Hanoi.

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References
  1. http://www2.dtinews.vn/news/news/headlines/hcmc-to-expand-saigon-hi-tech-park_414.html%5B%5D
  2. "Archived copy". Archived from the original on 2012-03-26. Retrieved 2011-06-28.CS1 maint: archived copy as title (link)
  3. http://vietnamtodayonline.typepad.com/blog/2011/06/high-tech-multinationals-invest-in-vietnam.html
  4. http://english.thesaigontimes.vn/Home/business/investment/11039/
  5. "Archived copy". Archived from the original on 2011-09-30. Retrieved 2011-06-28.CS1 maint: archived copy as title (link)
  6. http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_595833.html

See also

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