Party Chief urges Saigon Hi-tech Park to appeal for more investments

Secretary of the Ho Chi Minh City Party’s Committee Nguyen Thien Nhan urged Saigon Hi-tech Park to continue calling for more investment at the 16th year anniversary ceremony of the park.

Party Chief urges Saigon Hi-tech Park to appeal for more investments

He said that because the world has been entering the Fourth Industrial Revolution, or Industry 4.0 , the Saigon Hi-tech Park (SHTP) plays a vital role. He suggested the park management board to make an appeal for more investment in the park, especially encouraging Vietnamese communities in foreign countries to pour investment.
Additionally, the management board needs to take heeds to supporting industry and value added of enterprises in the park.
Moreover, he proposed that the park and the Vietnam National University in Ho Chi Minh City should mutually carry out strategic partner program to develop two sides’ potential.
Besides, he urged the park’s management board to strengthen the link among scientists, the link between SHTP and other industrial parks and export processing zones, as well as renovation activities.
Potential worldwide impact of Industry 4.0 requires SHTP to re-build systematically its start from its mission, vision, and goal. Plus, the park has to build a technology science park in the area of 197 hectare.
Head of the management board of the Saigon High-tech Park Le Hoai Quoc said that the board knew that it should strive non-stop and take advantage of all opportunities to keep pace with other world’s successful hi-tech parks in the field of manufacturing hi-tech products with high added value.
In addition, the park will complete building of ecological hi-tech section with attractive investment environment to draw more investment projects so as to add into the Gross regional domestic product (GRDP) of HCMC and the country’s GDP with increasingly higher proportion.
Next, the park will liaise with the Vietnam National University in Ho Chi Minh City and other universities, research institutes and hi-tech businesses in the city especially in districts 2, 9 and Thu Duc in the field of carrying out researches and training, helping shaping a conjunction between educational facilities and business.
The SHTP was required to refine mechanisms and policies to attract scientists from the Vietnam National University – Ho Chi Minh City (VNU-HCM), universities and institutes, even foreigners and partners, to establish a sci-tech district in the northeast of the city.
After 15 years, the accumulated production value at SHTP reached $28.4 billion; of which, export revenue was $27.5 billion and import turnover at $25.2 billion.
The productivity of a laborer in SHTP is 11 times higher than their peers in other industrial parks. The park provided 94 percent of the city’s hi-tech products last year.
Its production output was over $10 billion in 2017 and it is expected to reach $20 billion by 2020. The park’s industrial production growth rate is averagely 80 percent annually.
Their added value had averaged only 10-12 percent before 2011. Now, most of companies at the park get the estimated added value of 28 percent and a number of these see the value exceeding 35 percent such as Nanogen, FPT and Digisensor.

It is hoped that SHTP has more opportunities and new values in its age of 16 to meet expectations as Prime Minister Nguyen Xuan Phuc said at the ceremony marking its 15th founding anniversary that the SHTP must become a high-tech research and development center, train a contingent of staff with leading quality, develop a smart district and high-tech incubator, contributing to turning Ho Chi Minh City into the first smart city in the country.

By BA TAN - Translated by UYEN PHUONG

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