Saigon hi-tech park earns 23 billion USD from exports

The Saigon Hi-Tech Park (SHTP), home to 162 projects worth over 12 billion USD, obtained 23 billion USD from exports in 2022.

Thursday, December 29, 2022 10:06

Saigon hi-tech park earns 23 billion USD from exports ảnh 1

Illustrative photo (Source: VNA)

HCM City (VNA) – The Saigon Hi-Tech Park (SHTP),home to 162 projects worth over 12 billion USD, obtained 23 billion USD from exportsin 2022.

The export turnover was more than 10 billion USD and 20.9billion USD in 2017 and 2021, respectively.

According to Le Thi Bich Loan, deputy head of the SHTPmanagement board, the park has become a trustworthy destination for globalhigh-tech powerhouses with the presence of over 10 international conglomeratesin the field, including Intel, Jabil, Rockwell Automation, Nidec, Nipro, Samsung,and Sonion.

Established in 2002, the park has seen its accumulated production value reaching 120 billion USD so far. It now houses 51 foreign-invested projects worth10.1 billion USD.

By 2025, the SHTP aims to become a smart technology park and the core of theinteractive and innovative urban area in Ho Chi Minh's eastern part, contributingto the city’s socio-economic development. In addition, it plans to attractinvestment of around 3 billion USD in 50 hi-tech projects and establish atleast one global hi-tech enterprise.

To achieve these goals, the park is going to accelerate investmentprojects for its scientific space with a total surface area of 93ha. It willincrease the link between its enterprises and universities and researchinstitutes in the region, especially the Vietnam National University-HCM City(VNU-HCM), in order to increase the proportion of hi-tech products by domesticcompanies./.

VNA

#Saigon Hi-Tech Park #SHTP #export turnover #HCM City #Vietnam #Vietnam news agency #vietnamplus

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