Science and technology research projects require further support

The Management Board of Saigon Hi-Tech Park should increase their cooperation with companies that wish to invest in science and technology research projects and put forth solutions to support such projects.

An Intel factory at the Saigon Hi-Tech Park

Politburo member and Secretary of Ho Chi Minh City's Party Committee Nguyen Thien Nhan made the remarks while working with the Management Board of Saigon Hi-Tech Park and a number of enterprises based at the hi-tech park, on September 20.

Nhan said that further support and investment in science and technology research projects is an effective way of encouraging enterprises to research new technology and apply science and technology in start-up projects.

He also asked the Saigon Hi-Tech Business Incubator to coordinate with the city's Department of Science and Technology in order to set up a website on start-ups which will provide information on support programmes providing by the city, potential projects, and financial investment companies, in a bid to connect investors with start-up businesses.

Nhan also praised the positive results achieved by the hi-tech park over 15 years since its establishment, including the parks appeal to many of the world’s giant technology corporations such as Intel, Samsung, Nidec, Sanofi, Jabil, among others.

The Party official also noted that the experience gained from the implementation of projects at the hi-tech park has made significant contributions to the building and completion of mechanisms and legal documents related to hi-tech development in Ho Chi Minh City, as well as throughout the whole nation.

In addition, the hi-tech park contributes to boosting the formation of the support industry at neighbouring parks, Nhan added.

According to the Management Board of Saigon Hi-Tech Park, more than 36,700 workers are working at the park, including 376 foreign workers.

Companies based at the park produced a total US$7.6 billion worth of goods in 2016 and their total export revenue accounted for nearly 30% of the total export revenue of the foreign direct investment sector in the entire city.

(Source: NDO)