OneHub Saigon – Vision to be a Promising Tech Hub in Saigon Hi-Tech Park
OneHub Saigon is an Integrated Business Park project with the vision to be a prominent Tech Hub in the East of Ho Chi Minh City. Let’s discover why this place is considered a home for tech companies and serves as an ideal model for the Tech Hub concept in Ho Chi Minh City. Additionally, the article will also share the attractive conditions that only OneHub Saigon can provide for businesses. These include modern infrastructure, tax incentives in Saigon Hi Tech Park, and a comprehensive business ecosystem for sustainable development in the future.
Why OneHub Saigon aims to become the Tech Hub in Thu Duc City in the near future?
Project Overview
OneHub Saigon is an Integrated Business Park project located at the entrance of Saigon Hi-Tech Park in the East of Saigon. With the ambition to become a future Tech Hub of Ho Chi Minh City, it is also a representative of the technological and economic urban development orientation in the East of Saigon.
OneHub Saigon locates at the entrance of Saigon Hi-Tech Park
The OneHub Saigon project is designed based on the principles of lush greenery and smart urban development to optimize transportation connectivity, resource utilization, and enhance the quality of living as well as working conditions. The project’s scale includes areas for offices, commerce, and services, entertainment to the diverse needs of the business community and residents in the future. All are built following the “Work – Live – Play – Learn” model applied in many developed countries, notably Singapore.
Location and Transportation
OneHub Saigon is strategically located at the entrance of Saigon Hi-Tech Park, enjoying a prime position on Hanoi Highway and direct access to Metro Station No. 12 (High-Tech Park Station) of Metro Line 1. It takes only about 25 minutes to reach the central business district. In the future, when Belt Road 3 is completed, this area will be linked to the Long Thanh – Dau Giay Expressway. This will facilitate convenient connections for businesses here to all neighboring areas such as Dong Nai, Binh Duong, and Vung Tau, which are among the largest industrial centers in Vietnam.
The location of OneHub Saigon
Together with the decentralized urban model and the urban development direction based on public transportation, the Eastern area of Saigon in general, and Thu Duc City specifically, are currently undergoing significant investments in transportation infrastructure. Ho Chi Minh City is currently investing more heavily in public transportation projects outside the city center to reduce excessive concentration in the central area. A typical example of this trend is the Transit-Oriented Development (TOD), which is an essential urban development model adopted by major cities worldwide.
Read more: Assessing the future Grade A office rental market in East Saigon
The TOD model is a necessary development trend to address current urban issues in Ho Chi Minh City
OneHub Saigon can be seen as an experiment to prove the efficiency of public transportation in urban development. The project is directly connected to Metro Station No. 12 of Metro Line 1 via a pedestrian overpass. Workers can fully commute to work by Metro if they have offices in OneHub Saigon. Furthermore, OneHub Saigon is also very close to the new Eastern Bus Station, which is convenient for city commuting. It also provides easy access to nearby areas such as Bien Hoa and Binh Duong for residents and workers within the park.
New Urban Architecture
OneHub Saigon is one of the pioneering Tech Hub projects based on a campus-style office model in Saigon Hi-Tech Park. Campus-style offices are usually low-rise office buildings surrounded by lush greenery.
To make a comparison, the campus office model has many advantages over the traditional office model. These include lush greenery, a variety of amenities and services, and the ability to foster community cohesion.
The most impressive feature is the large public campus surrounding the office buildings, harmoniously combining working areas and lush greenery. The public campus of OneHub Saigon is also designed for entertainment, sports, and relaxation activities. This creates a healthy working environment and effective community cohesion at OneHub Saigon.
Lush greenery accounts for a significant portion of the total area of OneHub Saigon
Not only green but also artistic. The landscape at OneHub Saigon is designed by architect Colin K. Okashimo who has won the Architect of the Year award with a series of famous projects such as Pullman Hotel, Shiseido Spa, Ephelia Resort… The architect has designed the landscape to maximize the functionality of public spaces while still being in harmony with the architecture and aesthetics of office buildings.
In fact, the project covers a total area of 12 hectares, with a building density of less than 40% of the total area and more than 30% of the project’s total area being dedicated to lush greenery. OneHub Saigon is considered an ideal model for any development project that aims to build a sustainable urban area.
Exemplary Green Offices
When it comes to sustainable urban development, green building certifications of the area are indispensable. Tower 1 at OneHub Saigon is a LEED Silver-certified office tower. This is a certification from the U.S. Green Building Council for modern, high-quality buildings that are environment and human-friendly.
The criteria for LEED-certificate office towers include the quality of indoor environment, effective building energy systems, and presence of lush greenery outside the office. To receive this certification, the project requires meticulous monitoring and evaluation of the building’s design, construction, and usage processes.
Green buildings as OneHub Saigon contribute to creating sustainable cities in the future
In addition to the aforementioned points, there are still other factors that attract businesses to set up offices here.
Why will OneHub Saigon attract more businesses to Saigon Hi-Tech Park?
Tax incentive for businesses in technology
When leasing office spaces at OneHub Saigon, investors and technology businesses are entitled to numerous exclusive incentives specifically designed for companies within Saigon Hi-Tech Park.
Currently, the People’s Committee of Ho Chi Minh City (HCMC) is implementing preferential tax incentives for technology companies in Saigon Hi-Tech Park to promote development and encourage long-term investments in this sector. Below are the details of tax incentive in Saigon Hi Tech Park:
- Corporate income tax exemption: Technology enterprises are exempted from corporate income tax for a certain period, usually from 4 to 9 years, depending on the geographical location where the enterprise is headquartered.
- Corporate Income Tax Reduction: After the tax exemption period, technology businesses continue to enjoy the application of Corporate Income Tax with a special reduced rate, typically around 10% for a certain period.
- Import Tax Exemption: Technology businesses may be eligible for import tax exemption on tools, equipment, components, software, and necessary materials used for production, research, and technology development.
Other incentives and notes
By leasing offices in OneHub Saigon, businesses with technology project will receive the best incentives according to current laws. Additionally, they will also enjoy other benefits such as free access to the valuable information library system of Saigon Hi-Tech Park, support for employee training at the SHTP Training Center, as well as access to and support from the Ho Chi Minh City Science and Technology Development Fund.
It should be noted that to be eligible for the tax incentive in Saigon Hi-Tech Park, technology businesses must comply with specific conditions and tax regulations in Vietnam. Determining and applying these incentives require adherence to registration, documentation, and monitoring procedures as stipulated by local or central tax authorities, depending on the regulations.
Technology businesses will be entitled to tax incentive in Saigon Hi Tech Park
Moreover, all issues within Saigon Hi-Tech Park are managed by the Management Board of Saigon Hi-Tech Park and receive direct support from the Ho Chi Minh City People’s Committee. This attention is due to the fact that Saigon Hi-Tech Park is a key area for economic and technological development, not only for the whole country but also specifically for Ho Chi Minh City.
However, besides the tax incentive in Saigon Hi-Tech Park offered to businesses, OneHub Saigon also has its own advantages, particularly in terms of high-quality office infrastructure.
Infrastructure is well-suited for technology businesses with a need for large floor areas
The total office area is up to 160,000m2. Each floor has a seamless area of up to 2,000m2, almost column-free, allowing businesses to optimize their space utilization. Additionally, OneHub Saigon offers a variety of solutions for office spaces suitable for any scale of business.
In addition, the 3-meter high ceiling creates a spacious atmosphere. The office is surrounded by floor-to-ceiling glass and fire-resistant, noise-proof, and reinforced walls, providing a safe and serene environment with a sense of spaciousness and comfort. Striking a balance between office safety standards and employee experience is a highlight of the office spaces at OneHub Saigon.
The column-free floor plates can withstand loads of up to 5kN/m2 at OneHub Saigon’s offices
A diversified ecosystem with multiple businesses co-developing
One important aspect of the campus office model that the above section has not mentioned is the business synergy. Beyond connecting the community through public spaces, OneHub Saigon aims to create a business ecosystem that establishes its offices here. This will provide a solid foundation for collaboration and development among businesses, especially with the presence of numerous global and domestic technology giants concentrated in Saigon Hi-Tech Park. Some notable names include Samsung, Intel, Nidec, FPT, and more.
Businesses will have many opportunities to further collaborate and develop when operating within a business ecosystem like OneHub Saigon
In general, integrating into the business ecosystem of OneHub Saigon and Saigon Hi-Tech Park will be a great opportunity for technology businesses. Not only is it easy to collaborate, but businesses can also network, support each other and seek investment opportunities from the technology business community here.
Conclusion
Intending to become the new Tech Hub in East Saigon, OneHub Saigon brings many values to businesses in need of office rent and contributes to the urban development in the new direction of Ho Chi Minh City. Apart from the high standards of facilities and infrastructure, the tax incentive in Saigon Hi-Tech Park offered to technology businesses is the reason why OneHub Saigon is attracting an increasing number of investments from companies.
See more: Things to note when choosing an office for rent in Ho Chi Minh City Hi-Tech Park?
