High-tech industry – experience learned from HCM City | Sci Tech

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Illustrative image (Photo: VNA)

City of HCM (VNA) Ho Chi Minh CityVietnam’s largest economic hub, has endeavored to develop the high tech industry in order to take full advantage of the opportunities created by the Fourth industrial revolution.

This is seen as an important basis to help the city improve the quality of its economic growth and competitiveness, and attract more projects with high science and technology content.

In recent years, many domestic and foreign enterprises in Ho Chi Minh City have established advanced production models and applied high-tech techniques, thereby forming modern production lines, alleviating dependence on imported components, and meeting the demand for high-tech products. in the country and for export.

the Saigon Hi-tech Park (SHTP) currently has 165 valid investment projects totaling $8.6 billion, in which many large groups such as Samsung and Intel have benefited from effective business and investment and plan to expand their production scale.

To date, its high-tech output value has reached nearly $108 billion, and its labor productivity is 6.6 times higher than the city’s average and nearly 17 times higher than the national average.

At the beginning of March, the city published a program on scientific research and technological development for 2021-2025, in which the investment in science and technology of the city budget will be equal to more than 2% of its total budget expenditure, an increase from the current figure. less than 1 percent.

To attract major investors, the city is promoting the establishment of a 300 ha high-tech supporting industrial park to create an ecosystem of high-tech supporting industries.

SHTP board chief Nguyen Anh Thi said that in its investment attraction strategy, the park will prioritize projects using new and advanced technologies.

It plans to draw around USD 3 billion in more than 50 high-tech projects during the period 2021-2025./.

ANV

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