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NEWS UPDATES 20 April 2010

Vietnam: Tech park reveals five-year plan

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The Sai Gon Hi-tech Park has unveiled development strategies for the next five years that focus on attracting investment, technology training and research, VNS reported.

Speaking to the media on Thursday, Le Thai Hy, director of the park, said this year the park hoped to attract investment in high-technology projects in microelectronics, information technology, telecoms, human-resource training, research and development, and incubation.

A training centre is expected to be built in October. The park also plans to build housing for workers, more factories, and an operation centre.

Hy stressed that human resources played a key role in ensuring the park's sustainability.

So far, SHTP has organised 250 training courses for 3,000 workers from Sonion, Fujitsu, Diethlem Technology, and GHP.

Intel Products Vietnam, which has been holding training programmes since 2008, will conduct a total of 11 by 2012, eight to impart technical knowledge and three in English.

It granted licences to 41 projects with a total investment of 1.76 billion dong ($95,650), including 22 projects by global corporations like the US-based Intel, Dubai's Jabil, Japan's Nidec, Denmark's Sonion, and Italy's Datalogic.

The park has become a member of the International Science Park Association and Asian Science Park Association.

This year, 24 projects are expected to go on stream in the SHTP, including a chipset assembling and testing plant for Intel, which will begin operations next month. It has employed around 10,000 workers.

It has so far cost the park 4.3 trillion dong ($233 million) to build infrastructure and pay compensation for land.

Le Hoai Quoc, deputy director of the municipal Department of Science and Technology, promised to create business-friendly conditions for hi-tech investors.

Since legal procedures play an important role in attracting investment, a framework regulating the technology sector has been completed gradually and would take effect soon, he said.


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