Prime Minister visits Hoa Lac Hi-Tech Park

PM Phuc visits Hoa Lac Hi-tech Park

These were the requirments of the Prime Minister Nguyen Xuan Phuc in the framework of his visit to Hoa Lac Hi-Tech Park in Hanoi on February 22.

According to the PM, during the past numerous years, delays in developing and upgrading the park caused the loss of attractive investment projects. Thus, it is important to promptly remove difficulties and obstacles and continue to complete policies so that hi-tech parks in general and Hoa Lac Hi-Tech Park in particular will develop in a synchronised and faster manner.

The PM asked the management board of the park and the authorities to compile specific policies for luring in high-quality human resources to the park. Besides, the PM requested the Hanoi People’s Committee to provide advanced capital to complete site clearance. At the same time, he asked the Ministry of Planning and Investment to build a plan for collecting capital for site clearance and submit it the National Assembly for approval.

During the visit, the PM urged local authorities to accelerate issuing relevant circulars to guide the implementation of Decree No.74/2017/ND-CP on provisions for specific policies for Hoa Lac Hi-Tech Park.

After the working session with the management board of the park, PM Phuc visited the Hanwha Aero Engines Vietnam aircraft engines manufacturing complex invested by Hanwha Techwin from South Korea. The first plant of the complex is expected to come into operation in this April. With a total investment capital of $200 million, the project is considered an outstanding high-tech investment in Hoa Lac Hi-Tech Park.

According to the Hoa Lac Hi-Tech Park Management Board, as of 2017 the park had sufficient planning, infrastructure, policies, volume of investment projects, and the human resources to develop a successful high-tech park.

In order to approach and take advantage of the 4.0 Industrial Revolution, the Hoa Lac Hi-Tech Park Management Board built an information bank on science and technology with nearly 3,500 patents, inventions, utility solutions, and nearly 1,000 enterprises applying technology to support technology transfer and business incubation.