The Vietnamese prime minister has approved a master plan to develop the Hoa Lac Hi-tech Park located in western Hanoi into a national center for hi-tech research, development and application, Vietnam News Agency reported.
The park will feature all infrastructure facilities and services areas of a modern scientific and technological city, said Deputy Minister of Science and Technology, Dr Nguyen Van Lang at a meeting held August 28 to announce the plan.
The park will be home to high technologies including IT, telecommunications, electronics, biodiversity, mechanical electronics, machinery manufacturing, new materials and fuels, said Lang, who is also Head of the Hoa Lac Hi-tech Park Management Board.
Under the master plan, the 1,586-ha Hoa Lac Hi-tech Park will include 10 functional areas engaging in software, research and application, industry and hi-technology, education and training, a headquarters, hi-end services, apartments-offices, recreational and sports center.
A waste water treatment plant capable of processing 6,000 cubic meters a day is now under construction at the park. Hoa Lac will also get another plant designed to treat 8,000 cubic meters of waste water a day in the coming time.
The park’s population is forecast to reach around 143,500 by 2015 and 229,000 people by 2020.
At present, up to 18 institutes and research centers have registered to build their headquarters in the park.
Investors in the park will be offered incentives with tax exemption for the first four year of their projects and the tax reduction in the nine following years, the local Vnexpress newspaper said.
Lang-Hoa Lac Highway is expected to be completed after 2010, which will be a very favorable condition for investors to come to the park.
To date, Hoa Lac Hi-tech Park has attracted 28 projects totaling US$587 million. (VNA, Vnexpress)
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