The strategy was outlined by representatives of the Saigon Hi-Tech Park (SHTP) Management Board at a press briefing on the city’s socio-economic performance held on June 18.

Le Thanh Nhan, head of the Investment Promotion Division at the SHTP Management Board, said foreign direct investment (FDI) remains a key driver of the city’s high-tech development. SHTP currently hosts 166 valid projects with total registered capital of 13.728 billion USD, of which FDI accounts for more than 11 billion USD, representing over 80% of total investment.

According to Nhan, FDI flows are increasingly moving away from assembly and processing activities towards strategic technology sectors. Notable projects include semiconductor R&D, testing and…