“A park for high technology enterprises” does that sound exciting? I assure you that’s exactly what the Saigon Hi-Tech Park is.
Saigon Hi-Tech Park is located 15 km from downtown Ho Chi Minh City. It sits opposite Thu Duc University Village along the Ha Noi Highway. You can even get here on Line 1 of the HCMC Metro. Just hop off at the High Tech Park station.
This park is huge. It covers 326 hectares. And it’s still growing to 913 hectares. Ninety-five percent of the initial area is already being used.
Saigon Hi-Tech Park gives special treatment to high-tech investors. These include land leases, tax breaks and customs support. Because of this preferential treatment, many high-tech companies have chosen the Saigon Hi-Tech Park.
Look around you. This park is designed to promote Ho Chi Minh City and Vietnam. It makes them investor-friendly destinations. The focus here is on education and biotechnology. You’ll also find start-up incubators, training centers, software development, R&D and telecommunications.
Several big names operate here. US Intel invested US $1 billion. This built the largest chip assembly and test plant in the world. Japan’s Nidec has multiple factories here. They operate under the Nidec, Nidec Copal and Nidec Sankyo names. Their total investment is US $500 million. They plan to employ 20,000 people.
France’s Air Liquide supplies gases for industry, health and the environment. Denmark’s Sonion makes miniature and hearing components. They employ over 2,000 workers here. US Jabil is an electronic supplier. Italy’s Datalogic makes bar code readers.
Back in 2011, 26 companies operated here. They employed over 11,000 people. Their total registered investment was US $2 billion.
Saigon Hi-Tech Park stands as one of Vietnam’s top technology centers. It is strategically located along Hanoi Highway in Thu Duc City. Both domestic and international companies are located here. Phase 1 spans 300 hectares.
After more than 17 years, Saigon Hi-Tech Park is a prime destination for high-tech investment. It focuses on electronics, information technology and telecommunications. Precision mechanics and automation are also key. So is biotechnology for pharmaceuticals. You’ll also find new energy, new materials and nanotechnology.
The park attracts foreign investment and establishes a modern production force. It integrates production, business and research. Saigon Hi-Tech Park enhances production and business efficiency. It also designs factories. All this drives industrialization and modernization.
Saigon Hi-Tech Park creates a good environment to attract foreign investment. It is a National Center for High Technology. This drives economic development in the southern region. It links research institutes, universities and businesses. This fosters high-technology development. The park also trains a high-tech workforce. This contributes to a high-quality labor force.
As of March 2019, Saigon Hi-Tech Park was home to 154 investors. These included both domestic and foreign entities. They had a total investment of over US $7 billion. Fifty-three were FDI projects worth US $5.2 billion. This accounts for 73% of the total registered capital. There were 101 domestic investment projects. These were worth US $1.9 billion.
Successful projects from the United States, Japan, South Korea and France have located here. This puts Ho Chi Minh City and Vietnam on the world hi-tech map.
Saigon Hi-Tech Park’s development is divided into four stages. These are start-up, shaping, acceleration and innovation. It is currently in the innovation stage. The focus is R&D investment and commercialization of new products.
The goal is to become a leading science and technology city in ASEAN. Saigon Hi-Tech Park will continue to seek hi-tech investment projects. These include hi-tech supporting industries in the second phase. The focus is on technological research, deployment and incubation projects.