HCM City licenses ‘Saigon Silicon City' project
11:59, 2015/04/29
Ho Chi Minh City has granted investors a licence to develop the "Saigon Silicon City" in the Saigon Hi-Tech Park (SHTP).
According to Thoi Bao Kinh Te Sai Gon online, the project follows the model of the US' Silicon Valley, home to many of the world's biggest high-tech corporations and technology start-up companies.
It has an investment capital of about 860 billion VND, or 40 million USD, and will be spread over 52 hectares.
Nguyen Minh Hieu, a Vietnamese American and Chairman of the Silicon Saigon Park JSC, represented investors to receive the investment licence from municipal People's Committee Vice Chairman Le Manh Ha on April 27.
Real estate firm Viet R.E.M.A.X and Vector Fabrication Vietnam Co. Ltd., plus an individual named Nguyen Trung Quang, jointly formed the Silicon Saigon Park.
Hieu said the Saigon Silicon City was expected to have adequate infrastructure, conveniences and services to attract overseas Vietnamese and foreign enterprises with investments in the high-tech area, as well as support industries.
He said work on the project would begin next month and investment attraction was slated for early 2016. The Saigon Silicon City would have lured around 1.5 billion USD in investments when fully occupied, he anticipated.
Some two dozens of enterprises had expressed interest in investing here, he said, adding that future operations in this area would help technology developers increase the domestic content in their products.
People's Committee officials pledged maximum incentives here to accelerate investments in the eastern gateway of HCM City.
Also the same day, the SHTP management board licensed the "Millennium Park" project, which would be built by the Nguyen Tat Thanh University with an investment capital of 900 billion VND, or 41.6 million USD.
The 22.7ha park would be covered by nursery gardens, scientific areas and agricultural fields. This was the third project of the university in the SHTP, besides technology development and training centres, and was expected to be operational by early 2017.
The national-level SHTP has reportedly attracted 68 investment projects with a total registered capital of 4.1 billion USD since its establishment in 2002.
Enterprises here have exported about 10 billion USD and imported roughly 8.8 billion USD worth of goods.
It has an investment capital of about 860 billion VND, or 40 million USD, and will be spread over 52 hectares.
Nguyen Minh Hieu, a Vietnamese American and Chairman of the Silicon Saigon Park JSC, represented investors to receive the investment licence from municipal People's Committee Vice Chairman Le Manh Ha on April 27.
The SHTP management board grants an investment licence for the "Millennium Park" project on April 27.
|
Hieu said the Saigon Silicon City was expected to have adequate infrastructure, conveniences and services to attract overseas Vietnamese and foreign enterprises with investments in the high-tech area, as well as support industries.
He said work on the project would begin next month and investment attraction was slated for early 2016. The Saigon Silicon City would have lured around 1.5 billion USD in investments when fully occupied, he anticipated.
Some two dozens of enterprises had expressed interest in investing here, he said, adding that future operations in this area would help technology developers increase the domestic content in their products.
People's Committee officials pledged maximum incentives here to accelerate investments in the eastern gateway of HCM City.
Also the same day, the SHTP management board licensed the "Millennium Park" project, which would be built by the Nguyen Tat Thanh University with an investment capital of 900 billion VND, or 41.6 million USD.
The 22.7ha park would be covered by nursery gardens, scientific areas and agricultural fields. This was the third project of the university in the SHTP, besides technology development and training centres, and was expected to be operational by early 2017.
The national-level SHTP has reportedly attracted 68 investment projects with a total registered capital of 4.1 billion USD since its establishment in 2002.
Enterprises here have exported about 10 billion USD and imported roughly 8.8 billion USD worth of goods.
13:47, 2024/04/01
Vietnam, China intensify cooperation on green growth, digital economy
The scope of cooperation includes not only investment but also technology transfer, employee training, and the exploration of other markets.
22:03, 2024/01/18
Hanoi's green industrial parks attract investment
Hanoi's industrial and commercial sector has been focusing on green growth - a trend that catches investors' attention.
22:11, 2023/02/10
Vietnamese, Singaporean firms ink agreements to bolster economic relations
Singapore’s FDI into Vietnam in 2022 amounted to nearly US$6.46 billion, making it the largest foreign investor for that year.
14:32, 2022/09/24
Thang Long Industrial Park urged to streamline administrative procedures for manufacturers
Hanoi continues to promote the attraction of foreign investment capital for socio-economic development.
08:32, 2022/09/12
Vietnam leads top choice for global investors: Cushman & Wakefield
Vietnam is considered an attractive investment destination and a dynamic, open economy with a high growth rate in the world.
17:20, 2022/03/07
Vietnam-Singapore III Industrial Park to be built in Binh Duong this month
The industrial park will prioritize both high-tech tenants and labor-intensive industries such as apparel and footwear.
- Vietnam Prime Minister approves three industrial parks
- Recruitment demand of foreign manufacturers surges in 2021
- New industrial project expected to lure high-tech investment in Thai Binh
- Vietnam draws US$6 billion in FDI to industrial and economic zones in H1
- Strong FDI brings gold for Vietnam’s industrial zone developers
- Foreign investment fuels industrial real estate in Vietnam