title: Saigon Hi-Tech Park
text: # Saigon Hi-Tech Park
  
  The Saigon Hi-Tech Park (abbr.: SHTP) is a park for high technology enterprises located 15 km from downtown Ho Chi Minh City, opposite to Thu Duc University Village, along the Hà Nội Highway and on the future Line 1 of the HCMC metro (2014). The park covers an area of 326 ha (95% utilised) and is currently being expanded to 913 ha. High-tech investors are given preferential treatments here with land leases and taxation, as well as support for customs services.
  
  Several high-tech companies chose SHTP, notably:
  
  * Japanese Nidec, (TSE:65940, NYSE:NJ, hard disk drive motors) with multiple factories under Nidec, Nidec Copal and Nidec Sankyo flagships and total investment of US $500 million for a planned 20,000 workforce,
  * US Intel (NASDAQ:INTC) with US $1 billion registered investment to build the largest chip assembly & test plant in the world,
  * French Air Liquide (EPA:AI), gases for industry, health and the environment,
  * Danish Sonion, miniature and hearing components who employs more than 2,000 workforce in SHTP,
  * US Jabil (NYSE:JBL) electronic supplier,
  * Italian Datalogic (STAR:DAL.MI) bar codes readers.
  
  In total 26 companies were in operations in 2011, employing more than 11,000 employees and a total registered investment of US $2 billions.
  
  This park was aimed at promoting Ho Chi Minh City and Vietnam as a hi-tech investor friendly destination. The new phase is focusing on education, bio-technology, start-up incubators, training centres, software, R&D, telecom. This park is one of two hi-tech parks in Vietnam, the other being Hoa Lac Hi-tech Park situated in the western outskirts of Hanoi near the University of Sciences and Technologies of Hanoi.
  
  