Viet Nam approves more high-tech investments

Tuesday, Dec 12, 2017 10:40

The Sai Gon High Tech Park is set to get more tenants. – Photo

Many high-tech projects have recently received licences in the country.

The Sai Gon High Tech Park (SHTP) said, for instance, that it issued four licences.

Echigo Viet Nam Joint Stock Company will invest US$10.6 million in a plant to manufacture accurate moulds. The 7,500sq.m plant will produce 240 moulds and 100 accessories a year.

THT Engineering Co., Ltd will invest $12 million in the park while APC Industry Joint Stock Company and Duy Khanh Engineering Co., Ltd will invest $7.5 million and $5.2 million, respectively.

Le Hoai Quoc, head of the SHTP management, told Dau Tu (Viet Nam Investment Review) newspaper: “Support industry and engineering firms are encouraged to invest. The SHTP is focused on speeding up work on the 197ha HCM City Science and Technology Park, the city’s second high-tech park, and hopes to open it in the third quarter of next year.”

The Sai Gon Silicon City, which will open inside the park in the first quarter of next year, hopes to attract 20 enterprises with a total investment of $1.5 billion.

Meanwhile, Germany’s Bosch Group has decided to increase its investment in Viet Nam.

Last June it had spent $47 million on more machinery and a production line for its plant in Long Thanh Industrial Park, Dong Nai Province.

It plans to invest another $67 million to expand the production capacity of the plant early next year.

By 2018 Bosch’s total investment in the plant will be $372 million, the highest in the Dong Nai technology sector.

The province also approved in June the Long Thanh High-tech Industrial Park, which will be built by the Thai-owned Amata Viet Nam Joint Stock Company at a cost of $282 million. – VNS

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