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SCIENCE & TECH
May 24, 2018 / 15:11

Hoa Lac Hi-tech Park sets target to attract US$ 1 billion in investment in 2018

Trung Kien

Implementing the Government`s policy of promoting investment, Hoa Lac Hi-tech Park is aiming at attracting investment of US$ 1 billion in 2018.

 
Deputy Minister Pham Dai Duong reported preliminary to the Prime Minister on the progress of infrastructure construction as well as the investment attraction in Hoa Lac Hi-tech Park
Deputy Minister Pham Dai Duong reported preliminary to the Prime Minister on the progress of infrastructure construction as well as the investment attraction in Hoa Lac Hi-tech Park
The four projects will be carried out across 15.4 hectares. The projects include the 200 million USD Hanwha Aero Engines plant by Hanwha Techwin Co., Ltd from the Republic of Korea. The firm is planning to increase its investment to 260 million USD by 2021.
Meanwhile, procedures are underway for two projects developed by Japanese NIDEC Group at 400 million USD so they can become operational in the first quarter of 2019. Currently, the park is home to 83 projects with total registered capital of 3.4 billion USD.
Hoa Lac Hi-tech Park, approved in 1998, is the first and the largest high-tech facility in Vietnam, spanning 1,586 hectares. It is expected to become a model science space and a national hub for technology development and application.
 
The signing ceremony between Vietnam's Ministry of Science and Technology and Australia's Ministry of Science and Technology
The signing ceremony between Vietnam's Ministry of Science and Technology and Australia's Ministry of Science and Technology
Core hi-tech fields in the park include information and technology, communication, electronics, biology, new materials and energies.
Last year, Prime Minister Nguyen Xuan Phuc inked a decree stipulating some preferential mechanisms and policies for Hoa Lac Hi-tech Park to extricate difficulties and attract investment.
In addition, Hoa Lac Hi-Tech Park Management Board will review the projects that have been granted the Certificate of Accreditation to ensure timely implementation and avoid waste of land in the coming time.
In recent years, Hoa Lac Hi-Tech Park has achieved encouraging results in many fields. Ground clearance works meet the requirement of ODA infrastructure investment by Japanese Government as well as attract investment in Hoa Lac Hi-Tech Park. Construction of legal documents is gradually being finalized.

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