Hi-Tech Park urged to attract projects

The Saigon Hi-Tech Park should adopt incentives to attract quality human resources in high-tech fields, including leading Vietnamese, overseas Vietnamese and foreign scientists, Le Thanh Hai, Secretary of the HCM City Party Committee has said. 

At a meeting to celebrate 10 years of its operation on October 24, Hai stressed the park has been recognised an important facility and an impetus for the modernisation and restructuring of the city's economy, Hai said. 

According to Le Hoai Quoc, head of the park management board, the Saigon Hi-Tech Park has attracted 66 investment projects and currently houses 61 projects with registered capital of more than US$2.2 billion.

Tenants include 33 foreign direct investment projects capitalised at nearly US$1.79 billion and 33 domestically-invested projects with total capital of over US$430 million. 

Foreign investors in the park include the chip manufacturer Intel and electronics component manufacturer Jabil, both from the US, and Nidec from Japan and Datalogic from Italy. 

Twenty-nine projects are operational, attaining accumulative production of US$3.612 billion, including exports of US$3.5 million. 

Production from these projects rose from US$1 billion in 2011 to over US$1.6 billion in the first nine months of 2012. The projects employ a total of 17,000 local residents. 
Under the HCM City’s development master plan by 2020, hi-tech products are expected to make up 35 percent of the city's GDP. 

The Minister for Science and Technology, Nguyen Quan, said the park has deserved its leading position in attracting investment and infrastructure development. 
He also asked the park management board to focus on research and development activities to enhance expansion of the park.

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