HCMC pledges to facilitate enterprises to increase value in SHTP

The Management Board of the Saigon High-Tech Park (SHTP), on June 27, held a conference to promote investment in SHTP, with the attendance of Mr. Phan Van Mai, Member of the Party Central Committee, Chairman of the People's Committee of Ho Chi Minh City; leaders of departments and agencies, businesses, and investors.
HCMC pledges to facilitate enterprises to increase value in SHTP ảnh 1 Mr. Phan Van Mai, Chairman of the HCMC People's Committee (R)  talks with investors. (Photo: SGGP)
At the conference, Mr. Phan Van Mai, Chairman of the HCMC People's Committee, said that the city wants to listen to the opinions of investors, including their proposals, for authorities to prepare the legal frameworks, orientations, and conditions for enterprises to develop in the future.

“Besides attracting new investments, we also need to restructure existing ones. The city is responsible for creating the space, legal framework, and conditions to support enterprises to increase the value of projects," Mr. Phan Van Mai emphasized.

Since its establishment in 2002, SHTP Management Board has granted investment registration certificates to 163 projects, with a total investment capital of over US$12 billion. Of which, FDI capital is over $10.1 billion, and domestic capital is over $1.96 billion. The accumulated total value of high-tech production of the SHTP is estimated at $120.307 billion, with export value at $112.024 billion and import value at $105.299 billion. Up to now, SHTP has formed strong ecosystems in the fields of electronics - IT, biotechnology - pharmaceuticals, precision mechanics – automation, and new material technology.
Ms. Le Bich Loan, Deputy Head of SHTP Management Board, announced preferential policies for investment in SHTP, as well as projects, such as smart factories and logistics centers, and introduced investors to the Science Park, which prioritizes research and development projects and activities.

"In the coming time, investment attraction into SHTP will aim to magnet projects with advanced technology, attached with exploiting the strengths established ecosystems," said Ms. Le Bich Loan.

At the conference, some investors complained that the investment licensing procedure took too long. Mr. Pham Tan Dat, a representative of an investor specializing in big data, said that the SHTP Management Board needs to have many programs to announce new guidelines and policies of the city on attracting investment, as well as commitments on administrative procedures for investors to access investment in SHTP more easily.

Chairman Phan Van Mai affirmed that the city made efforts to solve the investment licensing procedure, but many documents still take a long time, causing a loss of time and efforts of investors, with some projects two years late. "We are aware of this shortcoming and are committed to quickly resolving the investment licensing procedures for investors," said Chairman of the HCMC People's Committee Phan Van Mai.

On this occasion, SHTP Management Board gave investment adjustment certificates to three projects with an additional investment capital of more than $841 million and VND180 billion.

HCMC pledges to facilitate enterprises to increase value in SHTP ảnh 2 Mr. Phan Van Mai, Chairman of the HCMC People's Committee (L) gives investment adjustment certificates to three projects. (Photo: SGGP)
Specifically, the project of Samsung Electronics HCMC CE Complex Co., Ltd., increased the investment capital by more than $841 million, sending the accumulated investment capital to more than $2.84 billion; the Hoa Binh Innovation Center project added VND150 billion, raising accumulated investment capital to VND900 billion; Vietnam Pharmaceutical and Standard Substances Factory project adjusted the investment capital by VND30 billion, increasing accumulated capital to VND300 billion.

By Ba Tan – Translated by Da Nguyet

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