Illustrative image (Source: VNA)
Hanoi (VNA) - As the development of hi-tech parks in Vietnam is still below expectations, they are seeking measures to attract more investments, especially in research and development projects.

Deputy Minister of Science and Technology Tran Viet Thanh said the establishment of national hi-tech parks aimed to boost science and technology to narrow the gaps with other countries in the region and the world.

Still, the development of hi-tech parks is not as efficient as expected due to several problems in investment policies and shortage of technical infrastructure.

Vietnam has three national hi-tech parks, namely Hoa Lac, HCM City and Da Nang.

At a recent meeting, Deputy Head of the HCM City Hi-Tech Park Le Thi Bich Loan said there are still overlaps and inconsistencies in regulations, which cause difficulties in the development of hi-tech parks.

The shortage of capital for technical infrastructure development is a problem, in addition to poor investment management and lack of special mechanisms, said Nguyen Quang Dai from Da Nang Hi-Tech Park's Department of Planning and Investment.

Representatives from national hi-tech parks have proposed incentives for ​(R&D) projects, as many foreign direct investment projects do not bring R&D activities into Vietnam.

In addition, investment promotion programmes should be organised for the three national hi-tech parks, together with early promulgation of legal documents related to investments in hi-tech parks in line with the Law on High Technology and the Law on Science and Technology.

Statistics showed that Hoa Lac Hi-Tech Park has so far attracted nearly 55.4 trillion VND (2.47 billion USD) into 69 projects, 32 of which are currently under operation, while HCM City Hi-Tech Park has attracted 82 projects, worth more than 4.3 billion USD.

Under the planning for hi-tech park development for 2020 with a vision towards 2030, approved by the Prime Minister in June, the focus will be on developing synchronised infrastructure systems for the three existing hi-tech parks.

In addition, three more hi-tech parks will be founded in Hanoi and Dong Nai and Binh Duong provinces.-VNA