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Ho Chi Minh City is stepping up preparation activities for the construction of the HCM City Science and Technology Park, which is expected to contribute to the development of the city’s eastern innovation hub covering districts 2, 9 and Thủ Đức.

The Science and Technology Park, to be located on nearly 200 hectares near Saigon Hi-Tech Park in District 9, was approved under a decision issed by the municipal People’s Committee (PC) in 2014. Construction on the project, with total capital of more than VNĐ4.3 trillion (US$185 million), is expected to begin next year.

Under the plan, the new Science and Technology Park will be a significant part of the ecosystem of the city’s eastern innovation hub. The new park, whose investor is the Saigon Hi-Tech Park, will connect with educational and research institutes and centres in the area as part of a citywide programme to improve the quality of human resources, especially researchers specialising in new technologies.

Working conditions for scientists and technology experts will be at the highest level at the new park, which is slated to attract projects in robot application, 3D printing, Internet of Things and blockchain, among others, contributing to the development of the innovation hub. The new park will also serve as a model for the knowledge-based economy, according to Saigon Hi-Tech Park.

To hasten construction of the new park, the Saigon Hi-Tech Park is stepping up ground clearance and compensation to local residents, and has suggested that roads be built to link the two parks.

While Saigon Hi-Tech Park is currently focusing on production of high technologies, the Science and Technology Park will focus on research and contribute to the transformation of the city’s economic structuring toward a higher proportion of hi-tech industries.

Saigon Hi-Tech Park, which is located in District 9, has attracted foreign investment in high technologies over the years. Between 2016 and 2018, the park completed key infrastructure projects, including roads, water waste treatment systems and water supply.

Lê Bích Loan, acting head of Saigon Hi-Tech Park’s management board, said that after 17 years of development, the park has optimised production procedures and is a leader in the 4.0 industrial revolution.

The park has provided investment licences to more than 150 projects of large global corporations such as Intel, Sanofi, Samsung, Schneider and others. The park has also contributed to raising the services and industrial sectors’ contributions to the economy, with total value of hi-tech products expected to reach US$20 billion by 2020.

Nguyễn Thiện Nhân, secretary of the HCM City Party Committee, said that the two hi-tech parks would serve as an important anchor for development of the city’s eastern innovation hub, which will form the foundation for the city’s smart urban area project.

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