The capital city attracted more than 300 IT projects with a total investment of 1.8 billion USD in 2013.

This represented an increase of 13 percent in the number of projects and 21 percent in terms of value. Of this, 1.6 billion USD went into 43 projects in centralised information technology zones, according to the Hanoi 's Department of Information and Communications.

Japan and the Republic of Korea are the two biggest contributors to the total investment in IT projects in centralised information technology zones, which account for 53 per cent of the total number of the projects and 41 percent of the capital, the department said.

Meanwhile, the remaining investment of 200 million USD was from small projects undertaken by local IT companies.

According to the department, Hanoi currently has around 5,000 IT businesses, of which 1,200 are software companies, 800 digital content providers and almost 3,000 businesses operating in hardware, distribution and retails.

The city's IT sector last year earned a revenue of 3.3 billion USD, an increase of 20 percent over 2012.

Hanoi, in February this year, decided to invest 30 billion VND, or 1.4 million USD, to improve the infrastructure of its Cau Giay Centralised Information Technology Zone.

The city has also asked its departments to carry out research on reasonable mechanisms and policies for its centralised technology zones.-VNA