The Ho Chi Minh City Hi-Tech Park Management Board plans to expand the area by another 195 hectares, with a total estimated investment capital of 724.6 million USD...
The Management Board of Ho Chi Minh City High-Tech Park (SHTP) has submitted to the City People's Committee a proposal to expand the facility, combining the functions of a Science and Technology Park. This expansion aims to establish the park as a multi-disciplinary science and technology center.
According to the proposal, the expanded area of the High-Tech Park is 194.8 hectares, with a total estimated investment capital of 724.6 million USD. Of which, about 525 million USD is allocated for compensation, site clearance and resettlement, and 175 million USD for infrastructure construction, the remainder will be for other expenses.
Funding will come from the Ho Chi Minh City budget and the Central budget (recommending the Prime Minister to approve support of 30% of the total investment). In addition, the City plans to mobilize resources from the private sector to develop specialized infrastructure and collect fees.
The project is expected to be implemented between 2025 and 2033.
To accelerate the progress, the Ho Chi Minh City High-Tech Park Management Board recommends that the City build an institutional framework for the High-Tech Park and the Science and Technology Park, in line with sustainable and innovative urban models that meet the standards of the Asian High-Tech Park group to become a model.
The Management Board also recommends that the Government continue to provide targeted support funding for the High-Tech Park from the Central budget (at a rate of 30% from the Central budget and 70% from the local budget in the total investment) to invest in the construction of the Science and Technology Park's infrastructure.
In addition, it is proposed that the competent authority separate the work of site clearance compensation and land acquisition into a separate project, independent of the infrastructure construction investment project of the High-Tech Park Expansion Project.
Currently, Ho Chi Minh City Hi-Tech Park has attracted investment from more than 10 global technology corporations, including Intel, Jabil, Rockwell (USA), Nidec, Nipro, NTT (Japan), Samsung (Korea), Sanofi (France) and TTI (Germany), among others. The park has more than 160 active projects with a total investment value of over 12.3 billion USD.
Bach Duong
Electronic Magazine