One of these two projects, according to the online Saigon Economics Times, called Saigon Silicon City to be built on an area of 52 hectares in the Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City (HCMC) has been licensed. The project has an investment capital of 40 million USD with main investor being a Vietnamese American.
Nguyen Tat Thanh University will also build the Millennium Park on 22.7ha park with the investment capital of 41.6 million USD. The project includes building nursery gardens, scientific areas and agricultural fields. This was the third project of Nguyen Tat Thanh University in SHTP, besides technology development and training centres, and was expected to be operational by early 2017.
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About the Saigon Hi-Tech Park
SHTP is one of Vietnam's three national hi-tech parks and considered one of HCMC’s five focal economic projects serving as the driving force for the city's development. The Park has received exceptional support from both the central and local governments, as well as from other relevant state agencies, thus has been authorised to offer highest tax incentives.
Priority development areas at SHTP are in line with the national priorities for Science and Technology development, including Micro Electronics & ICT, Precision Mechanics & Automation, Biotechnology, New, Advanced Materials & Energy.
SHTP welcomes the following forms of investment: Hi-tech production, hi-tech services, research and development, training, incubation, hi-tech support industry.