VietNamNet Bridge – HCMC’s government on Tuesday told Saigon Hi-Tech Park (SHTP) management board to mobilize private capital sources and loans for the second phase of the park instead of using the State budget only.

Source: Internet

Speaking at the meeting between local authorities and the management board on Tuesday, Le Manh Ha, vice chairman of the HCMC People’s Committee, said that the board should establish a special mechanism soon to attract private-sector capital.

Local government approved the second phase of SHTP late last year with total investment capital of over VND8 trillion. The project will be implemented between now and 2020.

However, the management board said that this park must speed up infrastructure development to attract investors, especially big companies in high-tech industries.

Therefore, the board is seeking approval to invite the private sector to join in the process of developing the park’s infrastructure and functional sections.

Besides the State budget, SHTP will mobilize various sources such as loans, BT (build-transfer) capital and private capital sources to develop projects like supporting industries zone, logistics zone, management and service area and workshops for lease.

SHTP is considering assigning investors to level the land they lease in this park instead of giving them cleared land as before. The park will use the State budget to develop necessary works such as traffic, water drainage, water and electricity supply.

With these plans, SHTP hopes to shorten infrastructure construction time in the second stage to meet demands of investors.

Le Bich Loan, deputy head of SHTP management board, said that investors have occupied most of the first stage of SHTP on a total area of 300 hectares.

Ten investors have registered to invest in the second stage with 613 hectares, but infrastructure of the park is not ready for their investment projects.

This year, the park expects to lure 6-10 projects with registered capital of US$160 million. Its export revenue is expected at US$2.7-3 billion.

SHTP will also launch programs to attract investment in the scientific space zone, the Internet City and expert housing area.

Last year, the management board granted licenses to 10 projects in the fields of IT, high-tech services, research and development. These projects had combined capital of over VND111 million, or 69.5% of last year’s target.

Source: SGT