Hoa Lac hi-tech park attracts 700 million USD investment

The Hoa Lac Hi-Tech Park has so far granted investment licences to 32 projects with a total registered capital of about 700 million USD.

According to the parks’ management board, the park licensed 8 projects worth 275.4 million USD in 2008.

The board is now discussing with investors on 27 other potential projects with a combined capital of some 2.5 billion USD.

The Hoa Lac Hi-Tech Park is a joint venture between Japan and Viet Nam , with Japanese partners responsible for the project’s planning scheme and calling businesses to invest in the park. The agreement on the Hoa Lac Hi-Tech Park was in furtherance of the Viet Nam-Japan joint statement signed by the two Governments on Oct. 19, 2006.

When completed, the park, which will be divided into four zones: Research and Development, Hi-tech Industry, Software Park and Education and Training, is expected to house universities and many plants that produce high-tech equipment like electronic and semi-conducting products, telecommunication, digital technology, and bio-technology. (VNA)