Saigon Hi-Tech Park earns $23 billion from exports

Saturday, Dec 31, 2022 11:19

The Saigon Hi-tech Park in HCM City. — Photo

The Saigon Hi-Tech Park (SHTP), home to 162 projects worth over US$12 billion, obtained $23 billion from exports in 2022.

The export turnover was higher that of 2017 and 2021 which stood at $10 billion and $20.9 billion, respectively.

According to Le Thi Bich Loan, deputy head of the SHTP management board, the park has become a trustworthy destination for global high-tech powerhouses with the presence of over 10 international conglomerates in the field, including Intel, Jabil, Rockwell Automation, Nidec, Nipro, Samsung, and Sonion.

Established in 2002, the park has seen its accumulated production value reaching $120 billion so far. It now houses 51 foreign-invested projects worth $10.1 billion.

By 2025, the SHTP aims to become a smart technology park and the core of the interactive and innovative urban area in HCM City's eastern part, contributing to the city’s socio-economic development. In addition, it plans to attract investment of around $3 billion in 50 hi-tech projects and establish at least one global hi-tech enterprise. — VNS

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