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Tuesday, June 25, 2024

SHTP reports high investments, export revenue

The Saigon Times

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HCMC – The Saigon High-Tech Park (SHTP) has attracted huge investments in recent years, especially by operational projects, the management board said at an investors meeting.

According to the mid-term report for the 2021-2025 development plan delivered at the meeting, the park attracted six new investment projects totaling US$186.8 million, including US$76.9 million in foreign direct investment. However, in the first three years of the five-year plan, the park saw US$4.33 billion of additional capital poured into operational projects, taking the total investment in the period to US$4.52 billion.

The SHTP is home to multiple businesses in high-tech sectors like information technology, telecommunications, cybersecurity, and smart manufacturing.

The value of high-tech products manufactured at the park in the three years totaled US$53.5 billion, according to the board.

Products from the park now make up over 60% of the city’s high-tech exports, with revenues growing steadily, from US$20.9 billion in 2021, some US$23 billion in 2022, and an estimated US$26 billion in 2023.

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