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  New Technology & new products

Sai Gon Hi-Tech Park lures more than 100 investors

HCM CITY — The Sai Gon Hi-Tech Park has reported that around 100 investors expected to implement projects at the park, thanks to its location and State-provided investment incentives.

Pham Chanh Truc, head of the Sai Gon Hi-Tech Park (SHTP)’s management board, said the park has focused on encouraging investment in information technology and technological service facilities, adding that investment licences for approved projects were granted within three to seven days and support in labour recruitment was provided.

The SHTP expects to become a major economic zone in Viet Nam’s high-tech industry, attracting foreign and domestic investment for the production of microchips, semi-conductors, telecommunications and IT equipment, precision mechanics, biotechnology and nanotechnology.

The 913-ha park is in District 9, 15km from the city centre and a similar distance from Sai Gon port and the Tan Son Nhat international airport.

Around 43 other industrial and export processing zones are in the area.

Hsu Ching Yuh, chief executive officer of Allied Technologies, said the company decided to invest in the SHTP because of Viet Nam’s stable political situation, plentiful workforce and reasonable production costs, while Yoshihiko Nakaji, general manager of the Nidec Sankyo Viet Nam, said the professional skills of the Vietnamese workforce was a major attraction for his company.

The park’s first three projects, Allied Technologies Sai Gon, Allied Electronics Sai Gon and Allied Precision Plastic Sai Gon, began operating in June as part a larger development proposal from the Singaporean company Allied Technologies, which accounts for US$15 million of the total planned $52 million investment in the park. The firm’s operations will include the manufacturing of metal and plastic components and the assembly of PCs.

Meanwhile, Nidec Sankyo Viet Nam, set up by Japan’s Sankyo Seiki company, began construction of factories to produce computer parts and fan motors for games consoles, computers and other electronic goods in June.

Vietnamnews - (15/07/2005)

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