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The Silicon Saigon Park JSC on August 30 started the construction of the 480 billion VND (21.6 million USD) Saigon Silicon City Centre on August 30.
Covering a total area of over 11,000 sq.m in the Saigon Hi-Tech Park, the centre forms part of the 52ha Saigon Silicon City project worth about 40 million USD.
The project is expected to make HCM City a smart city meeting international standards that attracts many high-tech investors, thus helping the city and Vietnam in general narrow their scientific-technological development gaps with other countries in the region and the world.
Chairman of the Silicon Saigon Park JSC Nguyen Minh Hieu said the centre aims to serve technological research and development, connect overseas Vietnamese companies operating in the fields of high-tech and support industry and international groups specialising in the research and application of technological transfer, while creating a healthy and friendly investment climate following the model of the US’s Silicon Valley.
Le Thanh Liem, Vice Chairman of the municipal People’s Committee, said the Saigon Silicon City Centre project is significant and meaningful as it helps promote high-tech development in the southern metropolis and encourage Vietnamese abroad to invest in their homeland, thus contributing to national development, he added.