Việt Nam News

Transfer centre to be built in City hi-tech park

April 01, 2017 - 10:33

The Management Board of the HCM City-based Saigon Hi-tech Park (SHTP) on Wednesday awarded an investment licence to the Tây Sài Gòn (Western Sài Gòn) Vocational College to construct a US$25 million technology transfer centre in the city.

HCM City – The Management Board of the HCM City-based Saigon Hi-tech Park (SHTP) on Wednesday awarded an investment licence to the Tây Sài Gòn (Western Sài Gòn) Vocational College to construct a US$25 million technology transfer centre in the city.

Covering an area of 17,550 square metres in the park, the Wesgo centre is designed to foster international cooperation, knowledge access, technology transfer, and application of new technologies in domestic production.

Basing on studying and applying advanced techniques, the centre will develop concentrated and intensive science research activities. It will encourage pilot studies and new products with high technology content. Nearly $10.6 million out of the total investment will be used to purchase modern equipment serving technological study, application and transfer, and training activities in the centre, especially in terms of automation, new materials, precision mechanics, biotechnology, wastewater and solid waste treatment, and environmental protection.

Once operational, the Wesgo centre will spend 24.5 per cent of its annual revenue on research and development activities.

Work on the centre is scheduled to begin in late this year and finish in the third quarter of 2019. - VNS

Tags SHTP technology transfer centre Wesgo

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