Saigon Hi-Tech Park

Saigon Hi Tech Park

The Saigon Hi-Tech Park (abbr.: SHTP) is a park for high technology enterprises located 15 km from downtown Ho Chi Minh City, opposite to Thu Duc University Village, along the Hà Nội Highway and on the future line 1 of the HCMC metro (2014). The park covers an area of 326 ha (95% utilised) and is currently being expanded to 913 ha.^[1] High-tech investors are given preferential treatments here with land leases and taxation, as well as support for customs services.

Several world leading high-tech companies chose SHTP,^[2]^[3] notably:

Japanese Nidec,^[4]^[5] (TSE:65940, NYSE:NJ, hard disk drive motors) with multiple factories under Nidec, Nidec Copal and Nidec Sankyo flagships and total investment of US $500 million for a planned 20,000 workforce,
US Intel (NASDAQ:INTC) with US $1 billion registered investment to build the largest chip assembly & test plant in the world,^[6]
French Air Liquide (EPA:AI), world leader in gases for industry, health and the environment,
Danish Sonion, leader in miniature and hearing components who employs more than 2,000 workforce in SHTP,
US Jabil (NYSE:JBL) a major electronic supplier,
Italo-American Datalogic (STAR:DAL.MI) global leader in bar codes readers.

In total 26 companies were in operations in 2011, employing more than 11,000 employees and a total registered investment of US $2 billions.

This park was aimed at promoting Ho Chi Minh City and Vietnam as a hi-tech investor friendly destination. The new phase is focusing on education, bio-technology, start-up incubators, training centres, software, R&D, telecom. This park is one of two hi-tech parks in Vietnam, the other being Hoa Lac Hi-tech Park situated in the western outskirts of Hanoi near the University of Sciences and Technologies of Hanoi.

Saigon Hi-Tech Park

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See also