Hoa Lac Hi-Tech Park targeted to become an appealing destination to investors

10:03 | 22/12/2016 Investment

A conference was held in Hanoi on December 20 to promote investment opportunities into the Hoa Lac Hi-Tech Park, seeking to develop its science and technology potential and to build it into an appealing destination for hi-tech investors.

Representatives from the Management Board of the Hoa Lac Hi-Tech Park and the Vietnam Posts and Telecommunications Group sign a cooperative agreement at the conference

As reported by the park’s management board, Hoa Lac licensed nine investment projects totalling VND4.33 trillion (US$200 million) on an area of 15.23 hectares in 2016, 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 VND60 trillion (US$3 billion), 36 of which are currently in operation with more than 10,000 people working and studying inside the park.

Addressing the event, Minister of Science and Technology Chu Ngoc Anh requested that the management board of the park 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 while asking for support from foreign embassies and representative offices, international organisations, foreign trade promotion organisations, the Hanoi People’s Committee and other agencies, in advertising the Hoa Lac Hi-Tech Park, attracting investment, connecting transport infrastructure and training hi-tech human resources.

The minister 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 on which for Vietnam to make initial steps into the fourth industrial revolution.

Under the framework of the conference, 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.

Theo NDO