Back Society » Tech » $1 Billion High-Tech Park Proposed for HCMC

$1 Billion High-Tech Park Proposed for HCMC

As part of the continuing effort to modernize Vietnam’s workforce, authorities are reviewing a proposal for a massive science and technology park in HCMC.

Located along the canals and rivers of District 9, the project would cover a 197 hectare area at a cost of VND21 trillion (US$ 1 billion) with the purpose of:

“Creating favorable conditions for science and technology research and economic growth in the city and the entire country, as the southern metropolis is contributing the largest share to the national GDP.

It will be developed into a comprehensive research center that will spearhead local science and technology capabilities, link research activities with universities, and become part of a broader high-tech neighborhood lying to the northeast of the city.”

If built, the park would become the second in the country after Hanoi’s Hoa Lac Hi-Tech Park.

Many organizations such as the World Bank have said a highly skilled Vietnamese workforce is necessary to take the economy to the next level and to meet growing human resource burdens (which are currently only meeting 70% of demand) by local companies.


[Tuoi Tre

Related Articles

in Tech

‘Flappy Bird’ Maker Ranked One of the World’s Most Influential App Developers

He’s probably sitting in his room, cursing them for it, but Dong Nguyen of ‘Flappy Bird’ fame has made Business Insider’s list of “the world’s 11 most influential people working in apps.”

in Tech

"Fucking Ugly" Websites Plague Vietnam

Design is subjective; ‘good’ design changes by region, city and individual. Design elements that may seem antiquated to one, may be fresh or reinvented by another so we try not to judge - except when ...

in Tech

$110m Pledged for Vietnamese Startups

It looks like Vietnamese startups are about to get a boost in funding. The Ministry of Science and Technology has announced a $110 million program called FIRST, designed to breathe financial life into...

in Tech

$189m Plan to Give 300,000 HCMC Students Tablets Draws Criticism

Last week the HCMC Department of Education proposed a plan to equip 300,000 primary students with tablets for the coming school year, reports Thanh Nien. With a pricetag of VND3 million – VND 5 m...

in Tech

'Flappy Bird' Creator To Release New Game Tomorrow

Well, Nguyen Ha Dong, the Vietnamese app developer who at one point was pulling in $55,000 per day, is officially back in the spotlight. After releasing a new version of ‘Flappy Bird’ earlier this mon...

in Tech

'Flappy Bird' Isn't the Only Hit App Made in Vietnam

Our favorite TechinAsia writer, Anh Minh Do, recently published a guest post on Mashable, telling the world that there’s more to Vietnam’s app ecosystem than just Flappy Bird.

Partner Content