Saigon seeks green-light for new technology park in the east

It said it would revise the master plan for until 2025 already approved by the government, using 195 hectares (482 acres) meant for a historical tourism project for the park.

It will be a place for training, experiencing, improving and transferring technologies with close connection to the existing Saigon Hi-Tech Park in District 9, a park for high technology enterprises including Japanese electric motors manufacturer Nidec, U.S. semiconductor chip manufacturer Intel and French industrial gas supplier Air Liquide.

The park will also serve as a place for tech companies to launch and test their latest innovations.

The city expects the park to play a crucial role in turning three of its eastern districts, 2, 9 and Thu Duc, into "innovative urban areas" as envisaged in a "Silicon Valley" plan it announced in April last year.