City Hi-Tech Park commemorates 10 years

On the morning of October 24, the City’s Hi-Tech Park Management Board held a commemorative ceremony to mark 10 years of establishment and development of the park.


Among those who attended the ceremony were Le Thanh Hai, Secretary of the Party Committee of HCMC; Nguyen Quan, Minister of Science and Technology; Le Hoang Quan, Chairman of the HCMC People's Committee; Nguyen Van Dua, Vice Secretary of the HCMC Party Committee; and Le Manh Ha, deputy chairman of the City People's Committee.


Le Thanh Hai delivered a speech saying that the Saigon Hi-Tech Park should develop incentives to attract quality human resources in the field of technology, attracting leading Vietnamese, overseas Vietnamese and foreign scientists.  


He added that although the volume of production and exports from the park were still lower than those from export processing zones and industrial parks in the City, the achievements were significant because of the nature of the products.


The park has been recognized as an important facility and an impetus for the modernization and restructuring of the City’s economy, he said.


Le Hoai Quoc, head of the park’s management board, said the park has attracted 66 investment projects, and currently houses 61 projects with registered capital of more than US$2.2 billion.


Tenants include 33 foreign direct investment projects with a total capital of nearly US$1.79 billion and 33 domestic-invested projects with total capital of more than $430 million.


Twenty-nine projects are operational, attaining accumulative production of $3.612 billion, including exports of $3.5 million.


HCMC Hi-Tech Park receives the traditional flag from HCMC People’s Committee (Photo: SGGP)

Production from these projects rose from $1 billion in 2011 to more than $1.6 billion in the first nine months of 2012. The projects are providing employment to a total of 17,000 local residents.


The park has lured several outstanding foreign investors including the chip manufacturer Intel and electronics component manufacturer Jabil, both from the US, and Nidec from Japan and Datalogic from Italy.


Under the master plan for development of HCMC by 2020, hi-tech products are expected to make up 35 percent of the GDP of HCMC, according to Quoc.


Nguyen Quan, Minister for Science and Technology, said the park deserved its leading position for attracting investment and infrastructure development.


Mr. Quan also asked the park management board to continue to focus on research and development activities to enhance expansion of the park.


During the ceremony, five individuals who have greatly contributed to the development of the Hi-Tech Park were awarded by the Order of Labor 3 by the State President; and 11 groups and individuals also received certificates of merit from the Prime Minister.


On this occasion, the High-Tech Park Management Board received the traditional flag from the HCMC People's Committee, Merit by the Ministry of Science and Technology and Merit by the Ministry of Planning and Investment.


Translated by Dan

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