First hi-tech park attracts over $1.2 bil

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The total investment into Vietnam's first hi-tech park has climbed to over US$1.2 billion after its management board granted investment certificates to five new businesses early this week, VnExpress reports.


Newly-licensed projects at the Hoa Lac Hi-tech Park in Hanoi include a  $50-million complex of hi-end constructions specific for programmers, invested by the FPT Software Joint-stock company. Works on the complex is expected to be completed in 2016.


The FPT Hoa Lac Hi-tech Park Development Co. Ltd., meanwhile, has invested $35 million in a hi-tech industry area which will provide investors there with technical infrastructure of international standards, according to the news website.


So far, the Hoa Lac Park has attracted 47 projects, Nguyen Van Lang, deputy minister of Science and Technology and also head of the park's management board, told VnExpress.


From now until Tet, Vietnam's traditional Lunar New Year festival, another 12 investment certificates will be granted, Lang said, adding that they are also reviewing 38 other potential projects.


Established in October, 1998 with a total area of nearly 16,000 hectares, the Hoa Lac Hi-tech Park was built as a "science city" with all relevant services and functional areas for software, research and development, hi-tech, and education and training, the news source said.

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