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A corner of the Saigon Hi-tech Park. The park will create favourable conditions to attract investment in the tech and supporting industries this year. Photo sggp.com.vn HCM CITY — The Saigon Hi-tech Park will create favourable conditions to attract investment in the tech and supporting industries this year, its head has said. Dr Nguyễn Anh Thi, head of the board of management of Saigon Hi-tech Park (SHTP), said the park has this year set an FDI target of US$200 million. It recently issued investment registration certificates to two major hi-tech projects. They include $19.5 million by US company Arevo to manufacture 3D-printing machines and carbon fibre and nanotube-reinforced polymers for 3D printing and provide software services. Korea’s SNST and Finger Vina have invested $1 million to produce high quality integrated circuits. Last year Hong Kong company TTI, Inc., a wireless industrial electrical equipment manufacturer, invested $650 million in the park and … [Read more...] about Saigon Hi-Tech Park seeks to attract investment in tech, supporting industries

Construction work at an investment project in the Da Nang Hi-Tech park in Hoa Vang district.— VNS Photo Cong Thanh Plans are in the pipeline to build an industrial park in Da Nang dedicated to supportive industries. It is part of the Government’s master plan of industrial park development from 2030-2045. It will be built on the edge of the Da Nang Hi-Tech Park. Head of the city’s Hi-Tech park and the Industrial Zones Authority (DHPIZA), Pham Truong Son said the decision was signed by Deputy Prime Minister Trinh Dinh Dung, and the 58.5ha supportive industries park will offer investment for domestic and foreign businesses. Son said the supportive industry park, which is sandwiched between the Hi-Tech Park and Da Nang Information Technology Park in Hoa Vang District, has completed 85 per cent of infrastructure since 2016. He said Da Nang has yet developed supportive industries – one of the disadvantage factors of the city in luring investment from domestic and foreign … [Read more...] about Central city to develop hi-tech supportive industries

Microsoft on Thursday lobbied for other countries to follow Australia's lead in calling for news outlets to be paid for stories published online, a move opposed by Facebook and Google. Microsoft has offered to fill the void if rival Google follows through on a threat to turn off its search engine in Australia Microsoft last week offered to fill the void if rival Google follows through on a threat to turn off its search engine in Australia over the plan. Microsoft President Brad Smith said in a statement the company fully supports proposed legislation in Australia that would force Google and Facebook to compensate media for their journalism. "This has made for an unusual split within the tech sector, and we've heard from people asking whether Microsoft would support a similar proposal in the United States, Canada, the European Union, and other countries," Smith said in a blog post. "The short answer is yes." Facebook and Google have both threatened to … [Read more...] about Microsoft backs search engines paying for news worldwide

The national high-tech development program focuses primarily on assisting local enterprises to master high technologies. Vietnam expects to have 500 high-tech manufacturers and 200 agriculture enterprises using hi-tech applications by 2030, according to the latest program issued by the Prime Minister. The national high-tech development program by 2030 aims at developing and mastering 20 high technologies listed in a tech investment and development portfolio. The program also targets to increase the export value of hi-tech products to about 60% of the total export value in the manufacturing and processing industry, rapidly raise the proportion of agricultural production value using high technology in the total value of farm output, creating new products and services with high added value. Within the program, the Ministry of Science and Technology will be in charge of research, application and development of high-tech products and services. The Ministry of Industry and … [Read more...] about Vietnam to have 500 high-tech manufacturers by 2030

The Hanoitimes - The new TMA Innovation Park is expected to become an innovation and technology center of Vietnam. The Vietnam - Korea Businessmen & Investment Association (VKBIA), VKBIA Group JSC, and TMA Solutions on December 3 signed a Memorandum of Understanding on “coordinating promotion, attracting investment and business cooperation” with specific terms, including the launching of the Vietnam - Korea Training and Technology Transfer Center. The signing ceremony on “coordinating promotion, attracting investment and business cooperation” is held on December 3. Located in TMA Binh Dinh Innovation Park, Quy Nhon city, Binh Dinh province, the center employs over 200 engineers specializing in software and digital transformation, application and economy. Within the framework of the Memorandum of Understanding, the VKBIA and the TMA will continue to work to deploy new technologies and high-tech transformation projects, form research and development … [Read more...] about Vietnam, South Korea to promote development of high-tech fields