A view of HCM City Hi-Tech Park. -- File Photo

HA NOI (Biz Hub) — Sai Gon Hi-Tech Park's management board has granted an investment licence to Hoa Binh Construction and Real Estate Corporation (HBC) for a total investment of VND750 billion (US$33.5 million).

The project, Hoa Binh Innovation Center, is a 16-storey building, covering an area of 2.5ha in Sai Gon Hi-Tech Park in HCM City.

When completed, the project will specialise in research and in developing information technology, biotechnology, pharmaceuticals, construction and the automobile industry.

It is expected to start construction this year and will be completed in the first quarter of 2018.

HBC Chairman and CEO Le Viet Hai said Hoa Binh Innovation Center would become a center of advanced science and technology, not only nationally but also regionally, attracting high-tech enterprises, international investors and scientists.

The centre will also provide training courses for young, enthusiastic entrepreneurs in innovation, technology transfer and research and development. — VNS