Saigon Hi-Tech Park phase two is approved
Ho Chi Minh City People’s Committee has signed off on Saigon Hi-Tech Park’s (SHTP) VND8,175 billion ($392.64 million) second phase.
The second phase covers 587 hectares in District 9, connecting with the phase one to make SHTP’s total area 913ha.
The second phase would build main infrastructure, plus technical infrastructure for a science space specialising in science development, research and development and enterprise creation.
The project will be implemented from 2012 to 2020. The investment is funded by the state budget and Ho Chi Minh City budget, ODA and loans.
Ho Chi Minh City is in charge of 70 per cent the total investment and the remaining 30 per cent capital is funded from the state budget, according to SHTP’s management board.
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