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Wednesday, July 6, 2022

HCMC sets aside over 300 hectares to develop supporting industrial park

The Saigon Times

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HCMC – HCMC is set to develop a supporting industry park with an area of over 300 hectares in the coming months to form a community of hi-tech supporting industry enterprises.

Speaking at an international conference on December 24, HCMC Vice Chairman Vo Van Hoan said that establishing a hi-tech-based supporting industry park is vital, especially during the current post-industrial period.

The supporting industry park, meant to accommodate manufacturers of hi-tech components, is expected to feature modern infrastructure and gather all hi-tech firms, contributing to boosting the development of the supporting industry and moving toward joining the global supply chain.

The establishment of a supporting industry park will stimulate the city’s economic growth, said Hoan.

Hi-tech supporting industry parks are popular in many countries, including Japan, Malaysia and Thailand, but remain scarce in Vietnam due to issues related to operation mechanisms, investment attraction and management, said the vice chairman of HCMC.

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