|We are ready
Cultural Cooperation with Vietnam
October 1, 2002 Sai Gon Times Daily
determined to purse hi-tech park project
(By Quoc Hung)
Chanh Truc (C), head of the HCMC Hi-Tech Park project Management
unit, chats with other participants (Mr. Nguyen Tri Dung
(R)) during the seminar in the city yesterday
(SGT-HCMC) HCMC will soon develop infrastructure for the long-conceived
hi-tech park in District 9 so that investors can setup shop from
early next year, said the head of the HCMC Hi-Tech Park Project
Pham Chanh Truc told reporters
yesterday that site clearance and compensation were underway for
the 804-hectare park, 15 kilometers of the city center,
The city will invest
some US$500 million in the first phase, between now and 2005,
to build technical infrastructure on 300 hectares for lease to
companies to carry out production projects and train human resources.
This phase will focus
on hi-tech factories covering nearly 100 hectares, service and
man agreement offices, research and training facilities, and apartments
for experts, site clearance and compensation are expected
to require US$100 million.
Funding for the park
will be sourced from the Government, official development assistance,
or power and water supply companies.
go to investment in electronics, information technology, telecommunications,
precision mechanics and automation engineering" Truc said.
More than 10
major foreign companies in these industries have held talks with
the man agreement unit. Some oversea Vietnamese have said they
will pour capital into the park when basic infrastructure is completed.
said the implementation plan for the project would be decided
by the Government.
will be held in Hanoi between now and October for officials of
the ministries to gather comments on the project and the feasibility
study likely be submitted to the Government in mid November.
Le Thanh Hai speaking at a seminar held at the Reunification Palace
yesterday, told to the management unit
to urgently prepare a
plan to implement the project. The seminar was attended by around
200 Government officials, professors and overseas Vietnamese
say the city was determined to develop the hi-tech park, which
has been conceived for more than
10 years, as it was one of the city’s
12 major projects
The city will also
issue special incentives and policies as well as propose the Government
allow companies to register rather
than apply for investment licenses
to enter the park for this will make the park attractive
to investors, according to Truc.
also said Government approval was being
sought to establish the authority of the hi-tech park.