Hoa Lac Hi-Tech Park Licenses Four New Projects

The management board of Hoa Lac Hi-Tech Park (HHTP) in Ha Tay province has just granted investment licenses to four projects totaling around VND3 trillion (around US$187 million).

An artist's impression of Hoa Lac Hi-Tech Park

The Thuan Phat Joint Stock Company (JSC) is to invest some VND1.120 trillion (around US$70 million) to build a factory manufacturing electronic circuits and mobile phones.

A factory producing new materials for solar-energy industries worth VND1.442 trillion (around US$90 million) is to be built by Hang Chinh Ltd., Co.

The Viettel Hi-Tech and Laser Technology Center is to invest a total VND409 billion (around US$25.5 million) to construct new centers for research and technology applications.

The management board said that, so far this year, the HHTP has received hundreds of inquiries from firms in countries and territoires Japan, Korea, Taiwan, China and the US.

HHTP is expected to attract over US$500 million in foreign investment over 2007-2008.

HHTP sits some 30km from Ha Noi and is the nation’s first hi-tech park established by government.

Reported by Anh Phuong – Translated by Thuy Hang

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