Hoa Lac secures 3 billion USD in investments

These figures were released at a conference held in Hanoi to call for more investment in the park.

In his speech at the event, Vice Chairman of Hanoi People’s Committee Nguyen Doan Toan said the capital city is shifting its industrial structure toward giving priority to developing hi-tech industries.

Hoa Lac Hi-tech Park. Photo: hhtp.gov.vn

He vowed that local authorities will better facilitate investors--including those investing in Hoa Lac Hi-tech Park.

In order to attract more investment, 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.

Organizing investment promotion conferences to advertise investment climate to domestic and foreign businesses should be a main priority, he said.

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.

 Prime Minister Nguyen Xuan Phuc 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.