Saigon Hi-tech Park targets 2020 revenue of $19bln despite pandemic

In April 2020, when the first wave of Covid-19 pandemic hit Vietnam, SHTP Management Board proposed the city government allow businesses sited in SHTP and the two largest factories Intel Product Vietnam and Samsung to continue their operation despite the social distance order.

The proposal received a green light from the municipal authorities, along with proper healthcare support to help these factories stabilize their work.

Therefore, the export value of SHTP in the first 6 months of 2020 reached nearly $9.4 billion, an increase of 18.8 percent compared to this time last year and 46.9 percent of the target.

Companies in SHTP offer employment for over 42,000 laborers, a sad decrease of nearly 3,500 employees compared to the first 3 months of 2020.

To attract more investment, SHTP organized direct meetings with 26 investors (15 domestic and 11 FDI ones while accepting 12 documents of technology explanation and 4 applications for investment certification, including two sent to the Ministry of Science and Technology for project selection.

Despite various difficulties posed by Covid-19 pandemic, businesses in SHTP actively re-allocated employment positions to ensure their smooth operation and minimize negative effects to employees themselves.

The city government allowed enterprises in SHTP to perform work-related tasks only if they are able to maintain health safety conditions in their sites and avoid infections of Covid-19, in accordance with Direction No.16 and related rules for pandemic fight issued by the Ministry of Health.

All companies in SHTP also strictly observe the criteria to evaluate risk factors introduced by the municipal authorities, welcoming regular checking of state officers.

Until now, 63 businesses in SHTP have submitted their commitment regarding Covid-19 prevention tasks while 58 businesses have handed in their report on disease infection risk.

The Ho Chi Minh City Center for Disease Control paid visits to 10 organizations with over 1,000 employees and 12 with less than 1,000 laborers in SHTP. Reports reveal that 17 businesses have a low infection risk (with the risk rate of 10-30 percent) and 5 have a mid-scaled infection risk (risk rate of 30-50 percent).

Source: SGGP