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High-tech park incentives under review


High-tech park incentives under review
17:04 | 02/03/2021
Despite enjoying special incentives, foreign investment flows into Hoa Lac High-tech Park are yet to meet expectations – and possible moves to align all such parks with the same policies will only increase the competition between them as they try to persuade investors to pour money into  digital transformation ventures.
The country’s three high-tech parks still have plenty of space to fill for new projects. Photo: Le Toan
Hoa Lac High-tech Park (HHTP) is now surrounded with complete infrastructure and favourable transport links which were expected to be an important factor for investment attraction. According to the park’s Management Board, it attracted six projects with total investment of about VND9 trillion ($391 million) in 2020, including one foreign and five domestically-owned. They focus on research and development, manufacturing, and high-tech pharma ....

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