R&D projects in SHTP see strong capital inflows
R&D projects in SHTP see strong capital inflows
Among the nine projects to have obtained investment certificates for HCMC’s Saigon Hi-tech Park (SHTP) on December 18, six projects will develop research and development (R&D) centers, with total funding of almost US$100 million.
Le Bich Loan, acting head of the SHTP management board, noted that the six R&D projects, funded by domestic investors, are expected to create over 100 technology products in the fields of information technology, precision engineering, automation, biotechnology and new energy resources.
Also, these six projects will be located in the park’s Science Space, which is equipped with adequate infrastructure.
In particular, iSmartcity Group JSC will invest VND420 billion (US$18.26 million) in the HDKING R&D Center project, aiming to research facial recognition technology, Artificial Intelligence and Big Data, to apply them to social security and traffic monitoring activities, and virtualization technology and cloud computing, to serve the development of e-government and smart cities.
Besides this, the DFM R&D Technology Center project, whose investor is DFM Tech JSC, will require US$5 million in investment. DFM Tech will research applications and manufacture products on a trial basis in the fields of the Internet of Things, Artificial Intelligence, robotics, virtualization and aerospace.
Meanwhile, CNC Vietnam-Japan Investment Company and CNC Idea R&D Center will provide respective funding of US$15.85 million and US$5 million for their two R&D projects.
For An Phu Irradiation JSC, its US$32.7-million R&D project will specialize in irradiation and nanotechnology for the medical and healthcare industry.
The last R&D project, funded by Goldenlife Pharmaceutical JSC, has received US$20.5 million and will focus on researching plant cell technology and producing pharmaceutical materials.
According to the municipal chairman, Nguyen Thanh Phong, SHTP has attracted over 160 investors at home and abroad with total investment of US$7.9 billion, including US$5.9 billion in foreign direct investment.
The development of hi-tech projects at the park by major tech corporations such as Intel, Jabil, Nidec and Samsung contributed over US$45 billion to the city’s export revenues between 2010 and 2018. This year, the park’s outbound sales totaled US$16 billion, accounting for 30% of the city’s total figure, and it created 32,000 high-quality jobs, stated the chairman.
