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Hòa Lạc secures $3b in investments

Update: December, 21/2016 - 09:57
Hòa Lạc Hi-tech Park granted investment licences to nine projects worth a total of US$200 million in 2016, bringing the number of licensed projects up to 78 worth $3 billion combined. — Photo viettimes.net.vn

HÀ NỘI – Hòa Lạc Hi-tech Park granted investment licences to nine projects worth a total of US$200 million in 2016, bringing the number of licensed projects up to 78 worth $3 billion combined.

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

In his speech at the event, Vice chairman of Hà Nội People’s Committee Nguyễn Doãn Toản said the capital city is shifting its industrial structure toward giving priority to developing hi-tech industries.

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

In order to attract more investment, Minister of Science and Technology Chu Ngọc Anh suggested Hòa Lạc’s management board perfect infrastructure facilities within the park, improving quality of human resource and quickly solving difficulties investors encounter in implementing their projects.

Organising 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 Việt Nam, 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 Nguyễn Xuân Phúc recently approved updated plans for the park, to be completed by 2030 in Hà Nội’s outlying districts of Thạch Thất and Quốc Oai, vietnamplus.vn reported. 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. -VNS

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