Print article

Nearly US$4 bln channeled into Hoa Lac Hi-Tech Park

VGP - The Hoa Lac Hi-Tech Park in Ha Noi has attracted 93 investment projects with registered capital of more than VND 90.25 trillion (US$3.9 billion).

January 25, 2021 7:40 PM GMT+7
Of particular note, several outstanding hi-tech products have been developed and manufactured at the park, including 5G smartphones and 5G network equipment made by Vinsmart in cooperation with Qualcomm, marine radars using 4G and 5G technology made by Viettel, and aircraft engine components and hi-tech cutting tools for the aerospace industry made by Hanwha.

At a recent conference of the park’s management board, Minister of Science and Technology Huynh Thanh Dat highlighted the Party and Government’s policy of building it into a science and technology city and a smart ecosystem for science-technology development, to contribute to national development.

To promote its development, he asked the park to continue identifying measures to welcome shifting foreign investment, step up cooperation with universities and research institutes in training and technology transfer, and enhance ties with foreign hi-tech and industrial parks to boost its potential and access to major investors.

Deputy Minister of Science and Technology Tran Van Tung said Hoa Lac’s investment attraction potential is growing strongly, and a number of major enterprises have applied modern technology in their operations there.

Established in 1998 and under the Ministry of Science and Technology, the Hoa Lac Hi-Tech Park is the first and largest of its kind in Viet Nam. It covers a total area of approximately 1,600 ha on the outskirts of the capital city./. VNA