Ground broken at Vietnam’s “Silicon Valley” in Ho Chi Minh City

Perspective drawing of Saigon Silicon City Center project in Ho Chi Minh City

According to the developer, The Saigon Silicon City Center is a part of Saigon Silicon City project, based on Silicon Valley Technology Center in the US. Covering an area of 11,368 sqm, the project has total investment capital of VND 480 billion.

At the ground breaking ceremony, Mr. Nguyen Minh Hieu - Chairman of the Saigon Silicon Park JSC said: "We are honored to bring the hi-tech development found in Silicon Valley to SHT. Saigon Silicon City will be developed under the smart urban model and be ready to welcome hi-tech enterprises, hi-tech support industries from overseas Vietnamese and international consortium, along with with research, innovation and technology transfer activities.” 

Project Saigon Silicon City is being built on an area of 52 ha with total investment of nearly $39 million. Reportedly, when fully occupied, total investment capital will reach $1.5 billion.
    
Once completed, Saigon Silicon City is expected to become a smart urban under international class as the US’s "Silicon Valley”.

The project is aimed at attracting high-tech investors to help HCM in particular and Vietnam in general shorten the gap in science and technology level with other countries in the region and over the world.

Source: Tri thuc tre