Business

HCM City licenses 130 million USD OneHub Saigon project

Ascendas-Saigon Bund Ltd Co. received an investment licence for its OneHub Saigon complex project on September 25.

Ascendas-Saigon Bund Ltd Co. received an investment licence for its OneHub Saigon complex project on September 25.

The ceremony was attended by Former Prime Minister and Emeritus SeniorMinister of Singapore, Goh Chok Tong, municipal high-ranking officialsand representatives from the Ho Chi Minh City Hi-Tech Park.

TheOneHub Saigon complex, valued at 130 million USD, is a joint venturebetween Singaporean enterprise Ascendas and Saigon Bund Capital PartnersLtd Co. It will span 11.9ha in the Hi-Tech Park, becoming the firstOneHub venture in Vietnam, implemented by Ascendas and based onsuccessful models in India and China.

Le Hoai Quoc, Head of theHi-Tech Park Management Board said Onehub Saigon will be an urbancomplex that follows regional and international development trends,attracting high-quality human resources and adding value to the park.

With its unique design and plans, OneHub Saigon will act as anarchitectural focus for the park and the eastern part of the city, Quocadded.

Le Hoang Quan, Chairman of Ho Chi Minh City’s People’sCommittee, believes the OneHub Saigon project will be successful thanksto Singapore’s expertise in hi-tech park development and Ascendas -Saigon Bund Ltd Co.’s understanding of the city. Currently, theCity’s Hi-Tech Park, including OneHub Saigon, has attracted 2.5 billionUSD from over 60 multinational companies, such as Intel, Nidec andSanofi. /.

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