American firms receive investment certificates in Saigon Hi-Tech Park

SGGP
Secretary of HCMC Party Committee Nguyen Thien Nhan this morning visited US businesses in San Francisco and witnessed a ceremony of granting investment certificates to American technology firms into Saigon Hi-Tech Park of Ho Chi Minh City.
 

Mr. Nguyen Thien Nhan (3rd, R) witnesses the ceremony of granting investment certificates for three projects into Saigon Hi-Tech Park in San Francisco on December 12, 2017 (Photo: SGGP)

Mr. Nguyen Thien Nhan (3rd, R) witnesses the ceremony of granting investment certificates for three projects into Saigon Hi-Tech Park in San Francisco on December 12, 2017 (Photo: SGGP)

The first project is a life sciences research and development center invested by Quantus Corporation under Allied Telesis Group and Cao Sinh Biomed Company with the total capital of US$500 million.
Implementation comprises two phases. The first phase from 2018-2020 will include the center’s investment and human resource training. The second phase from 2019-2022 will build a high technology hospital and buy modern equipment.
The second project is Greenvity Silicon by Greenvity Communication Inc, an overseas Vietnamese business in San Jose with the total capital of $35 million. Its goal is to design and manufacture integrated electronic circuits, GV-LORA chips and GV- power line communications (PLC) chips applied in internet of things (IoT) such as motion, temperature and light censors.
The third one is Aipac Vietnam by Aipac Inc, an overseas Vietnamese company in San Jose, with the total funds of VND20 million. It will apply IoT technology in making products such as smart home connection system, environmental supervision devices, motion censors and microelectromechanical systems (MEMS).
Previously, Mr. Nguyen Thien Nhan and the delegation worked with leaders of the world’s leading chipmaker Intel Group and Zoom Video Communications Company.
Meantime, standing deputy chairman of HCMC People’s Committee had a meeting with Marvell Group. At the meeting, Mr. Liem affirmed that HCMC committed to creating advantageous conditions for technology groups and companies to operate efficiently and achieve more successes in the city.
So far, Saigon Hi-Tech Park (SHPT) has been the investment destination of many large groups in the world such as American Intel and Microsoft, South Korea’s Samsung, Japanese Nidec and Nipro, French Sanofi and Schneider.
Mr. Nguyen Thien Nhan has been leading a high level delegation of HCMC to visit the US states and cities.

By KHAC VAN – Translated by Hai Mien

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