The establishment of the concentrated information technology park in Cau Giay district, Hanoi - one of the first three zones of its kind in the country - is on the right path, marking a remarkable turning-point for IT development in the city.

Minister of Information and Communications Nguyen Bac Son made the remark during a working session with the municipal authorities on February 24, praising the Hanoi People’s Committee for swiftly putting the zone into operation.

He also urged the city to create preferential policies to draw more investment in the zone, saying that it is necessary to solve difficulties facing investors to help them promote their business and production.

The minister noted that the municipal authorities should also pay attention to calling on domestic and foreign investors to pour money into the field.

According to Vice Chairwoman of the Hanoi People’s Committee Nguyen Thi Bich Ngoc, the city has invested 30 billion VND to upgrade and develop infrastructure in the park.

She said the city also asks related departments and sectors to build appropriate policies and models for its first concentrated IT park. Three more of this kind will be built in other districts in the coming time, towards turning the IT sector into a spearhead of the city’s economy by 2015, Ngoc stressed.

On August 28, 2013, the Cau Giay handicraft and small-scale industrial cluster was recognised as a concentrated (IT) park in Hanoi.

Covering an area of 8.5 ha, the park sees the operation of 306 enterprises, with 11,336 workers. IT firms account for 28.8 percent of the enterprises, such as the Financing and Promoting Technology Corporation (FPT) and the Military Telecom Corporation (Viettel).-VNA