Hoa Lac Hi-Tech Park hopes for new wave of investment

Source: VNA

20:13 | 11/07/2020 Import-Export Follow english.haiquanonline.com.vn on

Politburo member Vuong Dinh Hue, Secretary of the Hanoi Party Committee, made a working trip to the Hoa Lac Hi-Tech Park on July 10 with the aim of removing bottlenecks for the park to welcome a new wave of investment.

hoa lac hi tech park hopes for new wave of investment

Secretary of the Hanoi Party Committee Vuong Dinh Hue (front, middle) visits a production line at Hanwha Aero engines factory of Hoa Lac Hi-Tech Park. (Photo: VNA)

He urged the park’s management board to intensify administrative reforms to make it easier for both domestic and foreign businesses to make investment, while implementing more effectively hi-tech research activities, human resources training, and creating an ecosystem for start-up firms.

The official said Prime Minister Nguyen Xuan Phuc has approved the urban planning for Hoa Lac as one of the first five satellite towns of Hanoi, adding that the capital also plans to invest in an urban railway project to connect with the park.

Therefore, the park should make use of these opportunities to draw more investment, he said.

Covering over 1,580 hectares, Hoa Lac Hi-Tech Park has so far attracted 94 investment projects with total registered capital of VND89.3 trillion (US$3.85 billion). Of them, 51 projects are operational with combined trade turnover of over US$4 billion in the past five years.

More than 22,000 people are studying and working in the park, including 13,000 workers.

Source: VNA

english.vov.vn

Tags:

Related News

Electronics industry overcomes challenges to penetrate deep into global supply chain

19:38 | 16/11/2024 Import-Export

VCN - In addition to the opportunities from the investment shift in the electronics industry, Vietnamese enterprises also face many challenges in terms of capital, technology and human resources. Ms. Do Thi Thuy Huong, Executive Committee Member of the Vietnam Electronics Industry Association (VEIA), shared about the future directions for this potential industry.

Continue to handle cross-ownership in banks

10:35 | 02/11/2024 Finance

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.

"One law amending four laws" on investment to decentralize and ease business challenges

16:44 | 01/11/2024 Regulations

VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") focuses on amending conflicting regulations that are causing obstacles, to facilitate investment, production, and business activities.

Removing difficulties in public investment disbursement

09:30 | 31/10/2024 Finance

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.

Latest News

Vietnam’s industrial real estate attracts foreign investment

15:52 | 18/11/2024 Import-Export

Vietnam's industrial sector is experiencing significant transformation, supported by strong foreign direct investment (FDI) flows, large-scale infrastructure projects, and a favourable regulatory environment, thus attracting a new wave of investment from foreign investors, experts have said.

Tra fish export could hit 2 billion USD in 2024: Workshop

15:51 | 18/11/2024 Import-Export

Vietnam’s tra fish export could reach the set target of 2 billion USD this year driven by industry improvements, heard a workshop held in Cao Lanh city, the Mekong Delta province of Dong Thap, on November 17.

Opportunity to accelerate agricultural export to China

10:04 | 18/11/2024 Import-Export

VCN - For many years, China has been Vietnam's largest trading partner. Trade between Vietnam and China has maintained a stable and sustainable growth momentum.

Bac Ninh, East Kazakhstan boost cooperation

19:56 | 17/11/2024 Import-Export

A delegation from the northern province of Bac Ninh led by member of the Party Central Committee and Secretary of the provincial Party Committee Nguyen Anh Tuan met with leaders of East Kazakhstan region, Kazakhstan, on November 15 to promote cooperation between the two localities.

More News

Vietnam sees opportunities to attract investments in electronics support industries

15:28 | 17/11/2024 Import-Export

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.

Businesses welcome the "golden" tuna export opportunity to the UAE

09:18 | 17/11/2024 Import-Export

VCN- Tuna products imported into the United Arab Emirates (UAE) are currently subject to a 5% tax rate. Therefore, businesses expect this market to expand further when the FTA between Vietnam and the UAE takes effect and reduces the import tax on seafood to 0%.

Vietnam-China trade expected to hit record of US$ 200 billion in 2024

19:38 | 16/11/2024 Import-Export

VCN- The import-export turnover between Vietnam and China is predicted to hit a new record of US$ 200 billion.

Vietnam eyes building self-reliant, sustainable semiconductor ecosystem

19:34 | 16/11/2024 Import-Export

Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.

Advantages of Vietnam’s exports to Indonesia

09:35 | 16/11/2024 Import-Export

VCN – By taking advantage of the potential and opportunities from the RCEP and ATIGA agreements, there are numerous opportunities for Vietnamese goods to be exported to the Indonesia market, especially agricultural and aquatic products.

Vietnamese passion fruit gets “great opportunities” to Australia

09:35 | 16/11/2024 Import-Export

VCN - Vietnamese passion fruit having been exported to twenty countries, in many forms such as fresh fruit, frozen fruit, juice, recently Vietnamese passion fruit continues to be licensed to export to the Australian market. Thus, after mango, longan, lychee, dragon fruit, passion fruit is the 5th product of Vietnam licensed to export to the Australian market.

Exports of bamboo, rattan, sedge, carpet products reach 594.8 million USD

13:50 | 15/11/2024 Import-Export

Vietnam's exports of rattan, bamboo, sedge and carpet products totalled 50.43 million USD in September, a 4.5% decrease compared to last year, according to the General Department of Customs.

Vietnam to set new record in rice exports in 2024

13:46 | 15/11/2024 Import-Export

Despite challenges in the global rice market, Vietnam's is still on a right track to a new export volume record of over 8 million tonnes in 2024, surpassing last year’s result, according to insiders.

Reducing logistics costs: A solution for competitiveness and attracting import-export goods

10:56 | 15/11/2024 Import-Export

VCN - With high costs, a lack of large-scale logistics centers, and fragmented infrastructure, the logistics industry still faces many challenges on its path to becoming a backbone of the economy.