Construction of three plants for Singapore’s Allied Technologies finished in Saigon Hi-Tech Park December 6. What are the park’s first factories should begin making computer parts and assembling low-cost PCs in January.
Hsu Ching Yuh, CEO of the Singapore group, says Allied is investing US$23 million in the three plants, which with a warehouse occupy 5.5 hectares of Allied’s 30 hectare lease.
In all the group plans to invest US$52 million over 10 years to build 15 component plants and an R&D centre in the park.
“Vietnam is our next strategic target, and will be an important production base for us,” Yuh says.
A source in Saigon Hi-Tech Park says Hewlett Packard lobbied Allied Technologies to manufacture computer components in the park, and is doing the same with up to 15 other companies.
Saigon Hi-Tech Park was established on 80 hectares in October 2002. Allied is the first of several foreign and Vietnamese companies already licensed to build factories at the park.