Ho Chi Minh City builds up innovative centre for startups

October 01, 2020 | 14:18

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The new Innovative Startup Center in Ho Chi Minh City has commenced construction and is believed to become the first centre supporting startups in the area.

ho chi minh city builds up innovative centre for startups

The ground-breaking ceremony of the Innovative Startup Center in Ho Chi Minh City

This civil engineering work of grade II is totally invested VND323 trillion ($14 billion) with a usable surface area of around 20,000 square metres on six floors and four basements, 9,818sq.m of which are construction floor area and 10,472sq.m are basement area.

The projects are anticipated to be finished after 360 days since October 1. The project will have a lifetime of 50-100 years and will be built on state budget funds.

The centre is located at 123 Truong Dinh Street, Ward 7, District 3 and was defined as the headquarters and platform for startup and innovative activities in the Fourth Industrial Revolution, building up the future for the cultural industry of Ho Chi Minh City and the whole nation.

Nguyen Thanh Phong, chairman of Ho Chi Minh City People’s Committee noted that the new Innovative Startup Center in Ho Chi Minh City will be the first centre supporting startups for the whole city.

The project owner is Ho Chi Minh City House Trade Management Co., Ltd. while Consultancy Co., Ltd. of University of Civil Engineering plays the role of design consulting units. Thanh An 96 Installation and Construction JSC and Thai Minh Civil Construction and Trade Co., Ltd. are set to be the construction units.

The project was approved by the ninth Ho Chi Minh City People’s Council in July 2019. In the first quarter of this year, the People’s Committee held the selection contest for the architecture design of the centre.

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