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Hi-tech exports soar 80% in H1

Van Nam
Friday,  Jun 16,2017,23:35 (GMT+7)
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Hi-tech exports soar 80% in H1

Van Nam

A view of the Saigon Hi-Tech Park in HCMC. Companies at the Saigon Hi-Tech Park have reported total exports of US$4.6 billion in the first half, up nearly 80% year-on-year - PHOTO: HUNG LE

HCMC – Companies at the Saigon Hi-Tech Park (SHTP) in HCMC have reported total exports of US$4.6 billion in the first half of the year, up nearly 80% year-on-year, according to a socio-economic performance report of the city.

The city’s Department of Planning and Investment said the hi-tech sector is expected to contribute one-third of the city’s total export revenue this year.

In the last three years, the hi-tech park has posted a steady rise in the ratio of its contribution to the city’s export earnings, with 20% in 2015, 25% in 2016 and 33% in 2017.

SHTP currently has over 110 licensed projects, especially those of Intel Products Vietnam, Schneider Electric Manufacturing Vietnam, QSIC Vietnam, and Samsung Electronics HCMC CE Complex.

The report shows the industrial development index of the city in the six first months has improved 7.5%. Four key industries – mechanical engineering, electronics, chemicals-rubber-plastic and food processing – have recorded positive growth.

The electronics and information technology sectors have attracted more multinationals with numerous projects in fields like solid state technology, chip technology and circuit boards.

The city’s gross regional domestic product in January-June has grown 7.46%, with retail up 10.3% to VND451 trillion (US$19.87 billion), and export up 17.4% over the same period to US$17 billion.




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