HCM City expects to earn US$4.5 billion from hi-tech
City will upgrade the Saigon High Tech Park (SHTP) to a hi-tech foreign-invested
center which is expected to generate a production value of US$4.5 billion and
earn an export revenue of US$3.5 billion by 2010.
This is part of an action plan on the development of SHTP for the 2006-2010
period which was just issued by the HCM City People�s Committee.
achieve this target, the city will carry out five programs: improving State
management in the hi-tech sector, training human resources, attracting foreign
investment, strengthening science and technology capacity, boosting research and
development activities and compiling a legal framework for SHTP.
2010, SHTP targets to attract 10 foreign-invested companies in the fields of
semi-conductor, information and communication technology, new materials, nano
technology, precision engineering, biotechnology and new energy.
aims to lure 50 scientists at the post-graduate level for its five key
laboratories and develop high technologies to serve production and trading
city�s Chairman will be responsible for monitoring and directing the
implementation of the action plan. The executive agency is the SHTP Authority in
collaboration with relevant State agencies.
(Source: The HCM City People's Committee)