One of the biggest FDI projects currently in HCM City is the Saigon Silicon City Project, a research and development project and home to many of the world’s biggest high-tech corporations and technology start-up companies.
The Saigon Silicon City Park Joint Stock Company has invested in the project and has signed a memorandum of co-operation with the US’ World Trade Centre Utah to implement the project.
Spread over an area of 52ha in the Saigon Hi-Tech Park (SHTP) with a total investment of about $40 million, the project is expected to become a smart urban area with ready-to-use infrastructure and facility, attracting foreign enterprises.
Meanwhile, the Republic of Korea’s CJ CầuTre Foods Joint Stock Company was licensed to invest in a $53.3 million project in HiệpPhước Industrial Park.
This is a food processing complex spanning an area of 7.1ha, including a food processing factory, a research and development centre and a modern food safety centre.
To attract more FDI in the remaining months of 2017, HCM City is deploying measures to develop four key industries, namely manufacturing engineering, electronics, chemical-rubber-plastics industry, and food processing.