Following Vietnam’s first aircraft engine parts factory with investment from South Korea’s Hanwha Aerospace in Hanoi-based Hoa Lac Hi-tech park last December, Nguyen Trung Quynh, deputy head of the Management Board, expected the park to be capable of attracting major investors worldwide.
Illustrative photo.
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Recently, domestic enterprises, especially leading corporations such as VNPT, FPT, Viettel or Vingroup have chosen the park as location for investment.
Last November, Vingroup signed an agreement to build a plant worth VND1.2 trillion (US$51.3 million) specialized in producing smart electronic devices.
The Hoa Lac Hi-tech park also has a variety of social infrastructure development projects, which is in line with the city’s plan to become a worth-living city, Quynh continued.
In the coming time, Quynh expected the park to attract quality projects creating high spill-over effects to the city and surrounding provinces and cities.
Hoa Lac Hi-tech Part currently has 87 projects with registered capital of VND78 trillion (US$3.34 billion). In 2018, the park has 10 new projects worth a combined of VND15.85 trillion (US$678.62 million).
