HA NOI (VNS) — The Prime Minister has approved an overall plan for developing concentrated information technology (IT) parks by 2020 with a vision to 2030.
Provinces and cities must meet several conditions to build such parks, such as having sufficient financial resources to build infrastructure and already having important IT projects or products.
Two or three IT parks will be built in each of the country's major cities (Ha Noi, Da Nang and HCM City).
In order to realise those targets, the PM urged relevant agencies to improve regulations, mechanisms and incentive policies for concentrated IT parks. He emphasised that all economic sectors and foreign investors should be encouraged to participate in developing the parks, especially when it came to building technical infrastructure.
The master plan also calls for more investment in research and development in the parks, promoting exchanges and linkages between parks and setting up research and training establishments.
Besides those measures, the PM suggested creating mechanisms to allow the establishment of venture capital funds to foster start-ups in IT parks. — VNS