An artist's impression of Hoa Lac Hi-tech Park planned for Ha Noi's Thang Long Boulevard. Photo tapchitaichinh.vn

HA NOI (Biz Hub) — Prime Minister Nguyen Xuan Phuc has approved updated plans for Hoa Lac High-tech Park, to be completed by 2030 in Ha Noi's outlying districts of Thach That and Quoc Oai.

The Hoa Lac Hi-tech Park, approved in 1998, is the first and the largest hi-tech facility in Viet Nam with total area of 1,586 ha. The park is located along Ha Noi's Thang Long Boulevard, convenient for transport links to Noi Bai International Airport and Hai Phong deep-sea port.

It is expected to become a model science city and a national hub for technology development and application.

About 12,600 people are currently living and working in the park, and by 2030 the park's population is expected to reach 229,000, half of which will be permanent residents.

Core hi-tech fields to be developed in the park include information and technology, communication, electronics, biology, new materials and energies.

Under the updated plan, there will be an education and training zone for universities and vocational training schools covering an area of over 123 ha.

A research and development zone spanning an area of over 263 ha will house R&D institutions or those to train, attract and support hi-tech experts. The zone is forecast to be a bridge connecting academic studies and practical applications.

A software zone of almost 56 ha will be for software producers and software service providers.

The Hoa Lac Hi-tech Park also includes a Housing Zone, Sport and Entertainment Area and Service Area with a supermarket, restaurant, hotel and public health services.

The Prime Minister asked the ministries of Construction, Science and Technology and Ha Noi People's Committee to develop a housing policy for experts and people working in the park.

The municipal committee is also responsible for ensuring better transport connections, water supply and drainage in and out the park. The city has been assigned the organization of compensation and resettlement for people who had to move to other areas to make room for the park development.

Ministries of Finance, Investment and Planning have been asked to arrange proper funding to develop infrastructure in accordance with the park's planning development.

Until this year, the park had housed 69 projects with a total registered capital of nearly VND55.4 trillion (US$2.47 billion). The projects operate in various fields such as software production and business, information technology, biology, medicine, electronics, and automation. — VNS