The management board of Saigon Hi-Tech Park on Monday granted investment certificate to ‘Silicon City’ project with a total investment capital of VND860 billion (US$40 million).
The 52 hectare project has lured over 24 oversea Vietnamese businesses in hi-tech and support industry fields.
It is expected to attract a total of VND32,250 billion (US$1.5 billion) investment capital after being built and fully occupied.
The park will break ground in May and begin to receive investors from early 2016.
On the same day, the Saigon Hi-Tech Park also offered investment certificates of ‘Millennium Park’ project to Nguyen Tat Thanh University.
The 22.7 hectare project has a total capital of VND900 billion (US$41.16 million).
This park will be built on the model of Millennium Park in Chicago, the U.S with many items including an ornamental plant nursery garden, scientific park, square, natural museum and hi-tech farming glass house.
The project is scheduled complete and come into operation by 2017.
