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HCM City plans to finish 2nd hi-tech park by 2020

Update: September, 18/2015 - 08:33
A hi-tech agriculture farm in HCM City. The city plans to give priority to advanced technology and "clean industry" investment by building a new high-tech park. — VNA/VNS Photo Manh Linh

HCM CITY (VNS) — HCM City plans to give priority to advanced technology and "clean industry" investment by building a new high-tech park.

Duong Minh Tam, deputy head of Sai Gon Hi-Tech Park's (SHTP) management board, said that construction on the park was scheduled to begin next year and be completed in 2020.

The park will be built on 200 hectares of land in District 9's Long Phuoc Ward.

The park will support the city's economic restructuring plan, which focuses on the advanced technology industry.

Tam said the project was expected to create the most favourable conditions to exploit the city's potential for high-tech and support the SHTP.

The park will involve universities, institutes and enterprises, and form a basic model for an intellectually-driven economy in the future.

The park, which will be named Science Technology Park, will be built to meet the socio-economic development demand in the city.

To take full advantage of the city's technology potential, the project, with oversight from SHTP's management board, will attract investment projects that apply hi-tech, conduct research on new technologies, and build research centers.

Products will be related to information technology, renewable energy and universal technology, among others.

SHTP has attracted 80 projects with total investment of US$4.3 billion. Of the number, there are 49 domestic-invested projects with a total of $801 million and 31 foreign-direct invested projects with total investment of $3.5 billion.

Last year, the park attracted 48 per cent of HCM City's foreign direct investment.

During the first eight months of the year, export value from the park was estimated at $2.93 billion, a growth of 68 per cent compared with the same period last year. — VNS

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