Ho Chi Minh City invests $188 million in science park

Engineers work at Quang Trung Software City in Ho Chi Minh City. Photo: Tuoi Tre

This will be the city’s second science and technology park

A multimillion-dollar new science and technology park will be built in Ho Chi Minh City near an existing hi-tech park and Vietnam National University-Ho Chi Minh City.

This will be the city’s second science and technology park.

The Ho Chi Minh City People’s Committee has agreed to invest VND4,236 billion (US$188 million) in a new 200 hectare science and technology park planned for Long Phuoc Ward, District 9.

Once finished, the area will serve as a workplace for approximately 15,000 employees, 10-15 percent of which will be daily workers.

The new science park and existing hi-tech park are expected to become centers of research and implementation for manufacturing technology in the area.

The entire project is considered essential to Ho Chi Minh City’s economic development and industrial competitiveness in the regional market.

As a whole, the entire development will focus on computer science, renewable energy, automation, biotechnology, and other science- and tech-driven fields.

Start-up development and hi-tech workforce training are also expected to be amongst the park’s main draws.

In terms of accessibility and sustainability, the Ho Chi Minh City administration specifically requested that the park’s surroundings be maintained to guarantee a flourishing ecosystem and public water transport accessibility.

Public transport to the area, including buses and the subway system, should also be maximized into order to cut down on the individual vehicles.

Moreover, the city insists on having a commercial tourist boat service connected to the park once construction is complete.

This will be the second science park in Ho Chi Minh City, after the Quang Trung Science Park, also known as Quang Trung Software City.


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