Hoa Lac Hi-tech Park on course for grand opening
The park covers a total area of 1,600ha in Ha Tay province, west of
After a three-year wait, the Hoa Lac Hi-tech Park is on course to open its doors to investors seeking sites to build research centres or manufacturing plants, before the end of this year.
The hi-tech park will cater for sectors such as information technology and telecommunications, electronics, optics, biotechnology and pharmaceuticals.
Nguyen Nhu Vinh, newly appointed director of the Hoa Lac Hi-tech Park Management Board, said that the development of the initial 200 hectares of the hi-tech park including an industrial park and a residential area would soon be completed.
According to the plan, the development of a 200ha site, 30km outside Hanoi, including power grids, water supply, roads, telecommunications, a waste treatment system, houses and recreation facilities, will cost US$96 million, a part of which will come from State coffers.
"We could have started development of necessary infrastructure facilities at the site as early as 2002, as scheduled by the Government, but slow land clearance has delayed our plans until now," Vinh said.
By now, Vinh said that the developer of the hi-tech park, state-owned Vinaconex, had already completed construction of a conference building, an internet centre, water and power supply and internal routes of the park.
Thirty investors have already lodged applications to locate their manufacturing plants within Hoa Lac, though no official licenses have been granted, according to the management board.
"We would like to avoid further delays to the schedule to open the park before the end of this year again because then investment opportunities will slip through our hands," said Vinh.
Vinh said negotiations were still underway, but he refused to give any details of the projects scale and investment.
The Hoa Lac Hi-tech Park Management Board has also signed a memorandum of understanding with the American firm International Data Group, in which the latter pledged to mobilize the multimillion dollars needed for a projected venture capital fund in support of R&D projects within the hi-tech park, Vinh said.
The park covers a total area of 1,600ha in Thach That district of Ha Tay province, west of
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