Chairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong yesterday had a meeting with the Management Board of Saigon Hi-tech Park (SHTP) about its focused missions in the upcoming time.

SHTPLabs, a member of Saigon Hi-tech Park (located in Ho Chi Minh City), has continuously launched new products of companies in the site to the market. This has proved the effectiveness of a strong connection between research centers and related businesses in the commercialization process.

At a meeting with businesses in early 2021, the Management Board of the Saigon High-Tech Park (SHTP) set out the goal of becoming a major contributor to the export turnover of Ho Chi Minh City. Specifically, by 2025, SHTP will strive to achieve about US$30 billion of export value, and domestic added-value will reach more than 35 percent. On this occasion, Intel Corporation also announced to invest another $475 million in the Intel Products Vietnam (IPV) factory, sending its total investment to nearly $1.5 billion.

Saigon Hi-tech Park (SHTP) has long been known as the birthplace of several successful Made-in-Vietnam products, manufactured by leading technological corporations like Intel or Samsung. Contributing to that success is the footprint of many Vietnamese talents and businesses.

Thu Duc City has a great advantage of owning several developing startup ecosystems and value added chains related to advanced technologies, which promises its prosperous future. Therefore, it is enthusiastically promoting innovative activities in the community, hoping to contribute more to the general socio-economic growth of its mother city – Ho Chi Minh City (HCMC).

Ho Chi Minh City (HCMC) People’s Committee has just announced Decision No.32/2020 about the percentage of land rent per year for hi-tech parks.

The Ho Chi Minh City (HCMC) Department of Science and Technology has cooperated with the Management Board of Saigon Hi-tech Park (SHTP) to organize a summary meeting for the scheme ‘Incubating Domestic Semiconductor Businesses from 2017-2020’. Obviously, this industry has not been able to attract much interest from both investors and enterprises, leading to shallow development and a gloomy future.

Many domestic enterprises participating in the Forum on Linkage and Investment Opportunities for Small and Medium-sized Enterprises, held by the US Agency for International Development (USAID), in association with the Department of Industry and Trade, and the Saigon High-Tech Park (SHTP) on December 9, affirmed that joining the global supply chain of supporting industry products is not difficult. The remaining problem is weak internal resources, so they cannot supply any high value-added product.

The final round of the contest ‘AI Hack 2020’ took place yesterday in Saigon Hi-tech Park (sited in District 9 of Ho Chi Minh City). The project bSmart – using AI to address public transport issues – impressively defeated other competitors to win the championship.

A delegation of leaders of Ho Chi Minh City led by Mr. Nguyen Thien Nhan, Member of the Politburo, Head of the HCMC delegation of National Assembly deputies and Mr. Nguyen Van Nen, Secretary of the Party Central Committee and Secretary of the Party Committee of HCMC, visited and worked with the Management Board of the Saigon High-Tech Park (SHTP) on November 25.