Business

Hoa Lac Hi-Tech Park boosts investment climate improvement

The Management Board of Hoa Lac Hi-Tech Park (HHTP), based in Hanoi, will press on with improving its investment environment to attract more funding.
Hoa Lac Hi-Tech Park boosts investment climate improvement ảnh 1The software village in Hoa Lac Hi-Tech Park of Hanoi (Photo: VNA)

Hanoi (VNA) – The Management Board of Hoa Lac Hi-Tech Park (HHTP), based inHanoi, will press on with improving its investment environment to attract more funding.

Deputy Minister of Science and Technology PhamDai Duong, who also chairs the HHTP Management Board, said in the first fourmonths of 2018, the management board granted investment registrationcertificates for four projects worth nearly 10.92 trillion VND (477.7 millionUSD) and covering 15.4 hectares of land. 

In 2017, certificates were provided for threeprojects with total investment of more than 5 trillion VND, covering 11.7hectares of land.

Compared to 2016, average investment per hectareof land here has risen by more than two times to 31.5 million USD at present.

Duong said projects with investment registrationcertificates are being swiftly implemented. Notably, the factory of the HanwhaAero Engines company, invested by the Republic of Korea’s Hanwha Techwin Co.Ltd, has had its construction completed and is operating on a trial basis. Thisfactory project has total registered capital of 200 million USD, which isexpected to rise to 260 million USD in 2021.

Meanwhile, two of the five projects worth 1billion USD in total in the HHTP invested by Japan’s NIDEC Corporation receivedinvestment certificates last April. They are working to finalise procedures forconstruction so as to put the plant into operation in the first quarter of2019.

He noted the HHTP Management Board will propose mechanismsand policies for the park to improve investment quality. It will also continuereviewing projects to ensure they are implemented as scheduled and prevent landwastefulness.

The board has so far revoked 19 projects thatlagged behind schedule or failed to run as planned. It has also reduced landareas used by two other projects, the official added.

Located in Thach That and Quoc Oai districts,the 1,586-hectare Hoa Lac Hi-Tech Park is being developed into a science cityhosting investors in biotechnology, information – communications, new materialtechnology and automation.-VNA
VNA
#Hoa Lac Hi-Tech Park #Management Board of Hoa Lac Hi-Tech Park #Deputy Minister of Science and Technology Pham Dai Duong #Hanwha Aero Engines #NIDEC Corporation #updated Vietnam news #Vietnamplus #Vietnam News Agency Ha Noi
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