Saigon Hi-Tech Park Explained

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.

Several 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.

External links

• Saigon Hi-tech Park official website
• French Ambassador visit to SHTP - 2011

See also

• Hoa Lac Hi-tech Park
• Danang Hi-tech Park

Notes and References

1. http://www2.dtinews.vn/news/news/headlines/hcmc-to-expand-saigon-hi-tech-park_414.html{{dead link|date=May 2018 |bot=InternetArchiveBot |fix-attempted=yes }}
2. Web site: Saigon Hi-Tech Park | SaigonMoney.com - the digital provider of news, analysis and data on Vietnam Business, Finance, Banking and Investing . 2011-06-28 . dead . https://web.archive.org/web/20120326075611/http://www.saigonmoney.com/tag/saigon-hi-tech-park/ . 2012-03-26 .
3. Web site: High-tech multinationals invest in Vietnam.
4. Web site: Saigon Times Online - Nidec invests US$70 mil. More at high-tech park - Nidec invests US$70 mil. More at high-tech park . 2011-06-28 . 2011-10-06 . https://web.archive.org/web/20111006065816/http://english.thesaigontimes.vn/Home/business/investment/11039/ . dead .
5. Web site: SGGP English Edition- President lauds Nidec for hi-tech investment in Vietnam . 2011-06-28 . dead . https://web.archive.org/web/20110930234133/http://www.saigon-gpdaily.com.vn/National/2010/9/85626/ . 2011-09-30 .
6. Web site: Intel to open Vietnam plant . 2011-06-28 . 2011-01-20 . https://web.archive.org/web/20110120034811/http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_595833.html . dead .