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​Vietnam - Sài Gòn Silicon City Centre construction kicks off

Publishdate: 2016-10-09   Views:1261

Vietnam - Sài Gòn Silicon City Centre construction kicks off

Leaders of HCM City authorities press button to start the construction of Sài Gòn Silicon City Centre. - VNA/VNS Photo Hoàng Hải

Viet Nam News

HCM CITY – The Sài Gòn Silicon Park JSC yesterday began construction of the VNĐ480 billion (US$21.6 million) Sài Gòn Silicon City Centre.

Spreading over a total area of over 11,000sq.m in the Sài Gòn Hi-Tech Park, the centre forms part of the 52ha Sài Gòn Silicon City project worth some $40 million.

Nguyễn Minh Hiếu, chairman of the Sài Gòn Silicon Park JSC, said the centre aims to promote technological research and development and connect overseas Vietnamese companies specialising in the high-tech and parts-supply industries and international groups specialising in the research and application of technological transfer, while creating a healthy and friendly investment climate following the model of the US’s Silicon Valley.

The Sài Gòn Silicon City project, when it comes into full operation, is expected to draw investments worth $1.5 billion and make HCM City a smart city, meeting international standards and attracting many high-tech investors.

It will also enable the city and the country, in general, narrow the scientific-technological development gap with other countries in the region and the world.

Lê Thanh Liêm, vice chairman of the municipal People’s Committee, said the Sài Gòn Silicon City Centre project is significant and meaningful as it will promote high-tech development in the southern metropolis and encourage Vietnamese living abroad to invest in their country, thus contributing to national development.