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$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

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