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Economic HubThursday, 08/24/2006, 08:49

HCM City expects to earn US$4.5 billion from hi-tech

HCM 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<br>
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HCM City expects to earn US$4.5 billion from hi-tech 

 

HCM 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.

 

To 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.

 

By 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.

 

It aims to lure 50 scientists at the post-graduate level for its five key laboratories and develop high technologies to serve production and trading activities.

 

The 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)


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