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Hanoi’s Hoa Lac Hi-tech Park attracts 9 projects in 2016
Translated by Thu Minh 14:04, 2016/12/20
According to the park’s management board, Hoa Lac Hi-tech Park granted investment licences to nine projects worth a total of 200 million USD in 2016, on an area of 15.23 hectares, concerning the fields of manufacturing, hi-tech research and service provision.
2016 marked the transformation of Hanoi's Hoa Lac Hi-tech Park when the capital is shifting its industrial structure toward giving priority to developing hi-tech industries with the aims to turn into a science and technology city and a smart ecological urban.
A conference was organised in Hanoi on December 20 to call for more investment in the Hoa Lac Hi-tech Park.
At the conference.
At the conference.
The conference aims to seek solutions developing its science and technology potential and to build it into an appealing destination for hi-tech investors.
According the Hanoi authorities, the capital city is shifting its industrial structure toward giving priority to developing hi-tech industries.
The city's authorities pledged that they will better facilitate investors, including those investing in Hoa Lac Hi-tech Park.
According to the park’s management board, Hoa Lac Hi-tech Park granted investment licences to nine projects worth a total of 200 million USD in 2016, on an area of 15.23 hectares, concerning the fields of manufacturing, hi-tech research and service provision.
So far, the park has attracted 78 projects with a total registered capital of 3 billion USD, 36 of which are currently in operation with more than 10,000 people working and studying inside the park.
Speaking at the conference, Minister of Science and Technology Chu Ngoc Anh suggested Hoa Lac’s management board perfect infrastructure facilities within the park, improving quality of human resource and quickly solving difficulties investors encounter in implementing their projects.
In order to attract more investment, the organising investment promotion conferences to advertise investment climate to domestic and foreign businesses should be a main priority, according to the minister.
He requested the park's management board to continue focusing on improving the investment environment, professionalising its staff and asking for the Government’s issuance of special mechanisms and policies for the Hoa Lac Hi-Tech Park to make it an attractive destination for both domestic and foreign hi-tech investors.
He urged the Japanese Embassy and the Japanese International Cooperation Agency (JICA) to accelerate the upgrade of the park’s infrastructure in accordance with the envisaged schedule.

 
At the Hanoi’s Hoa Lac Hi-tech Park.
At the Hanoi’s Hoa Lac Hi-tech Park.
Minister Anh expressed his belief that the Hoa Lac Hi-Tech Park would be a significant factor contributing to building and developing the Vietnamese economy on the basis of renovation and creation and an important foundation for Vietnam to make initial steps into the fourth industrial revolution.
On the occasion, the management board of the Hoa Lac Hi-Tech Park signed cooperative agreements with partners, which focused on luring more investment into the park, providing support services for investors and developing smart cities and the potential for scientific and technological advancement at the park.
The park, approved in 1998, is the first and the largest hi-tech facility in Vietnam, with total area of 1,586 ha. It is expected to become a model science space and a national hub for technology development and application.
Core hi-tech fields developing in the park include information technology, communication, electronics, biology, new materials and energies.
The Prime Minister recently approved updated plans for the park, to be completed by 2030 in Hanoi’s outlying districts of Thach That and Quoc Oai.
Under the updated plan, there will be an education and training zone for universities and vocational training schools covering an area of over 123ha.
A research and development zone spanning an area of over 263 ha will house R&D institutions or those to train, attract and support hi-tech experts. The zone is forecast to bridge academic studies and practical applications. A software zone of almost 56ha will serve software producers and software service providers.
 
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