Workers test equipment at the Hoa Lac Hi-tech Park. Three new hi-tech zones will be developed by 2030 in Ha Noi under a plan approved by the Prime Minister. — VNA/VNS Photo Anh Tuan

HA NOI (Biz Hub) — Three new high-tech zones will be developed from local budgets and private capital by 2030, according to a master plan approved by the Prime Minister Nguyen Tan Dung.

The zones to be created will be the Ha Noi bio high-tech zone in the capital city, Dong Nai high tech zone specialising in biology in southern Dong Nai Province, and Ascendas-Protrade Zone in southern province of Binh Duong.

The plan will add to the nation's existing three high tech zones in Ha Noi, Da Nang and HCM City.

The master plan aims to contribute to socio-economic development and enhance competitiveness by increasing technology content in production.

It says that raising capital from the private sector will be one of the main ways to develop the new zones.

The State budget will be used to prioritise the completion and modernisation of the three existing high-tech zones.

The new plan will also undertake to develop human resources for the high-tech industry.

In an attempt to develop high-tech zones, the Government had raised incentives for companies operating in them - including tax exemption, tax reduction and preferential tax rates. — VNS