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The Saigon Hi-Tech Park (abbr.: SHTP) is a park for high technology enterprises located 15 km from downtown Ho Chi Minh City, opposite to Thu Duc University Village, along the Hà Nội Highway and on the future Line 1 of the HCMC metro (2014). The park covers an area of 326 ha (95% utilised) and is currently being expanded to 913 ha. High-tech investors are given preferential treatments here with land leases and taxation, as well as support for customs services.
Several high-tech companies chose SHTP, notably:
In total 26 companies were in operations in 2011, employing more than 11,000 employees and a total registered investment of US $2 billions.
This park was aimed at promoting Ho Chi Minh City and Vietnam as a hi-tech investor friendly destination. The new phase is focusing on education, bio-technology, start-up incubators, training centres, software, R&D, telecom. This park is one of two hi-tech parks in Vietnam, the other being Hoa Lac Hi-tech Park situated in the western outskirts of Hanoi near the University of Sciences and Technologies of Hanoi.