Saigon hi tech park

HCMC to develop second hi-tech park The Saigon Times Daily A view of the Saigon Hi-Tech Park in District 9. The HCMC authority is seeking permission from the central Government to establish another park nearby – PHOTO: NLDO HCMC – The HCMC authority has proposed the central Government approve construction of a hi-tech park, the second of its kind in the city, covering some 195 hectares in District 9. According to the Office of the HCMC People’s Committee, the city government is seeking approval from Prime Minister Nguyen Xuan Phuc to convert land zoned for tourism, relics and tourist attractions into science and technology parks. The proposal is part of a 1:2000 scale plan for the science and technology park project in Long Phuoc Ward of District 9 in close proximity to the national Saigon Hi-Tech Park (SHTP) in the same district. The new park will serve as a place to exchange knowledge and expertise among universities, research centers and hi-tech firms. It will … [Read more...] about HCMC to develop second hi-tech park

Appropriate compensation to be provided for affected residents in hi-tech park: official By Le Hoang HCMC Vice Chairman Vo Van Hoan (C) speaks at a press briefing on August 6 – PHOTO: LE HOANG HCMC – The HCMC government is striving to adopt the best compensation policy for affected residents at the 913-hectare Saigon Hi-Tech Park project in District 9, stated the city’s vice chairman, Vo Van Hoan, at a press briefing on Tuesday. Hoan noted that the municipal leaders are committed to accelerating the execution of the policy for affected households and removing obstacles arising during the process. He advised the households to accept plots of land for resettlement rather than money. Monetary compensation does not exceed the ceiling of the set compensation price level. By contrast, land plots, where the value is calculated based on the resettlement prices, are more beneficial since their market value is much higher, he said. He added that the prices of land plots … [Read more...] about Appropriate compensation to be provided for affected residents in hi-tech park: official

Danang to promote investment in hi-tech sectors The Saigon Times Daily Employees work at an automobile assembly and manufacturing plant in Danang’s Hoa Khanh Industrial Park in this file photo. Danang’s enterprises are being urged to suggest ideas for attracting investment in hi-tech sectors at an upcoming conference, scheduled for March 1 – PHOTO: VGP HCMC - The central coastal city of Danang has urged local firms to pose ideas at an upcoming conference, scheduled for March 1, for attracting foreign direct investment (FDI) in sectors leveraging hi-tech applications in the 4.0 era, the Government portal chinhphu.vn reported, citing the municipal People’s Committee. The municipal government on February 20 stated that the city will prioritize receiving FDI capital for the field of hi-tech agriculture to achieve sustainable growth, alongside other hi-tech-deploying sectors. It will also prepare feasible projects to attract investors from Japan, South Korea and the … [Read more...] about Danang to promote investment in hi-tech sectors

India’s tech giant to set up IT center in HCMC The Saigon Times Daily Tran Vinh Tuyen (R) the city’s vice chairman, and Sanjay Gupta, Executive Vice President and Strategic Director of India’s tech giant HCL – PHOTO: TTO HCMC – Indian multinational information technology (IT) service and consulting firm Hindustan Computers Limited (HCL) plans to establish an IT center worth US$650 million in HCMC, in a bid to train and recruit some 10,000 engineers within the next five years. The plan was unveiled by Sanjay Gupta, Executive Vice President and Strategic Director of Indian group HCL, during a meeting with Tran Vinh Tuyen, Vice Chairman of the HCMC People’s Committee on May 17, reported the local media. Having considered the many advantages of operating in Vietnam, including its open door policy and the city’s current prospects, HCL found that the southern metropolis offers favorable opportunities for the development of its IT center project, said Gupta. After … [Read more...] about India’s tech giant to set up IT center in HCMC

S.Korean firms urged to invest in hi-tech sector By Ngo Kiem Representatives of the two countries at the workshop co-organized by ITPC and KOTRA in HCMC on August 7. HCMC has called on South Korean firms to invest in various fields, especially hi-tech transfers – PHOTO: NGO KIEM HCMC – HCMC has called on South Korean firms to invest in various fields, especially hi-tech transfers, in Vietnam as a way of executing a national program on the effective use of energy, heard attendees at a workshop on August 7. The city has attracted 30% of the country’s total foreign-invested projects. South Korea was the third biggest foreign investor in the city, with 1,700 projects worth US$5.1 billion in total. Speaking at the workshop, a representative of the HCMC Investment and Trade Promotion Center (ITPC) introduced to South Korean businesses several technology and hi-tech projects in need of investment. Apart from this, some projects in the infrastructure, traffic … [Read more...] about S.Korean firms urged to invest in hi-tech sector

Work begins on hi-tech agro project in Daklak By Le Hoang Investors and delegates make a gesture to break ground on the hi-tech agricultural project on September 27 in Daklak Province – PHOTO: VNA HCMC – Construction on a hi-tech agricultural park complex, with a total investment of VND1.5 trillion, began on September 27 in the Central Highlands province of Daklak. Hung Nhon Group from the southern province of Binh Phuoc and De Heus Group from the Netherlands have joined hands to execute the 200-hectare project, which is slated for completion in the fourth quarter of 2025. The complex will produce high-quality agro products in a closed process, including the selection and production of breeding pigs and chickens, organic animal feed and organic fertilizers to be exported to the Southeast Asian region, and an automatic pig slaughterhouse. The farm system of the complex will be operated and monitored by technology provided by SKIOLD, which ensures the origin … [Read more...] about Work begins on hi-tech agro project in Daklak

Danang puts IT park into operation By Nhan Tam The entrance to the Danang Information Technology Park in Hoa Vang District - PHOTO: NHAN TAM DANANG – Following six years of construction, Danang Information Technology Development JSC has opened the first phase of the Danang Information Technology Park (DITP) in the city’s Hoa Vang District. The park, which covers 341 hectares, was built at a cost of more than VND2.74 trillion (US$118.1 million). Of this, the first phase, costing VND1.06 trillion, has completed its infrastructure components on 131 hectares, allowing investors to begin operations. The industrial park, which was designed based on the models of Silicon Valley in the United States and the Hsinchu Science Park in Taiwan, is aimed at attracting hi-tech enterprises. Large firms, such as IBM, Cisco, Intel, KDDI and Mitsui, as well as other information technology (IT) firms from Japan, the United States and Singapore, have expressed their interest in locating … [Read more...] about Danang puts IT park into operation

Minister urges local tech giants to develop 5G devices The Saigon Times Daily Minister of Information and Communications Nguyen Manh Hung, speaking at a conference July 5, asks Viettel, Vingroup and FPT to study and manufacture 5G devices by 2020 - PHOTO: MINISTRY OF INFORMATION AND COMMUNICATIONS HCMC - Minister of Information and Communications Nguyen Manh Hung has called upon local technology giants Viettel, Vingroup and FPT to study and manufacture 5G devices by 2020. At a conference on July 5 on the ministry’s performance during the first six months, and plans for the remainder of the year, the minister said Vietnam can produce 5G equipment to serve local demands and for export, TuoiTre Online newspaper reported. Nguyen Minh Quang, deputy general director of Viettel High Technology Industries Corporation, a member of Viettel Group, said Viettel has invested VND200 billion (US$8.6 million) in a 5G lab. The group has assigned 300 experienced engineers to … [Read more...] about Minister urges local tech giants to develop 5G devices

Dong Nai to prioritize high-tech FDI projects By Le Anh The entrance of Bien Hoa 2 Industrial Park in Dong Nai Province – PHOTO: LE ANH HCMC – Dong Nai Province will focus on the quality rather than the volume of foreign direct investment (FDI) going forward and will not accept outdated technology, Mai Van Nhon, deputy director of the provincial Industrial Zone Management Board, told a press conference on January 3. Statistics from the Dong Nai Department of Planning and Investment show that the province attracted VND27 trillion in domestic investment and US$1.8 billion in FDI in 2018. The number of newly established enterprises amounted to 3,500, rising by 4% year-on-year. Speaking at the press conference on the province’s socioeconomic performance in 2018, Nhon noted that Dong Nai province would prioritize high-tech and ecofriendly projects during its foreign investment attraction scheme. FDI enterprises entering Dong Nai Province to invest in and develop their … [Read more...] about Dong Nai to prioritize high-tech FDI projects

HCMC pledges support for Samsung expansion The Saigon Times Daily The HCMC Party chief Nguyen Thien Nhan (R) talks to Choi Joo Ho, general director of Samsung Vietnam, at a meeting on March 14 in HCMC – PHOTO: VNA HCMC – The Party chief of HCMC, Nguyen Thien Nhan, has said the city will create favorable conditions for Samsung to expand its operations in the city, including its investment in a research and development center. The city is rolling out multiple projects to create a smart urban city and an innovative urban zone encompassing the Saigon Hi-tech Park and 12 universities, and expects to attract investment from South Korean investors such as Samsung, Nhan told Choi Jo Hoo, general director of Samsung Vietnam, at a meeting on March 14 in the city. Also, Nhan suggested Samsung consider opening the research and development center in the city to take advantage of skilled local human resources. Apart from that, the city will support Samsung in expanding its local … [Read more...] about HCMC pledges support for Samsung expansion