Building and developing Hoa Lac Hi-Tech Park in Thach That district (Hanoi) is a major policy of the Party and Government to form a science and technology city, which contributes to the socio-economic development. For Hanoi, Hoa Lac Hi-tech Park plays a particularly important role in the capital's development strategy, which is expected to be a good land for high-tech investors, contributing to the formation of Hoa Lac satellite urban appearance and creating motivation for the west of the capital to take off.

Production line of high-tech electrical equipment of A Chau Industrial Technology Joint Stock Company (Hoa Lac Hi-tech Park)
Technology center of Hanoi and the whole country
According to Head of Hoa Lac Hi-Tech Park management board, Mr. Luu Hoang Long, after a long journey of construction and development, Hoa Lac Hi-Tech Park is increasingly clear about the shape of a science and technology city. Up to now, Hoa Lac Hi-Tech Park has attracted 94 investment projects, with a total registered capital of about VND 91,250 billion, of which 55 projects are in operation and more than 22 thousand people are studying and working.
According to Mr. Luu Hoang Long, investment projects in Hoa Lac Hi-tech Park have formed the initial ecosystem for technology fields such as: Information technology, electronics and telecommunications and software; biotechnology for medical care, precision mechanical technology and automation, etc., Currently, there have been a number of typical high-tech products developed and manufactured in Hoa Lac Hi-Tech Park, including 5G smartphones and 5G network equipment manufactured by Vinsmart Company in cooperation with Qualcomm; low and medium voltage electrical panels of A Chau Industrial Technology Joint Stock Company with technology transferred from the world's leading electrical equipment manufacturers...
Science and technology activities have initially created a favorable environment for the innovation ecosystem. Many scientific research and technology development centers of large economic groups as well as research institutes and universities have come into operation. Especially, the National Innovation Center (NIC) was officially started construction on January 9, 2021. It is expected that when completed, it will attract resources to further strengthen the innovation ecosystem in Hoa Lac Hi-Tech Park in particular and Vietnam in general.
The Chairman of the Board of Directors cum General Director of A Chau Industrial Technology Joint Stock Company (ACIT) Pham Dinh Thang commented, Hoa Lac Hi-Tech Park is increasingly meeting the criteria of attracting investors such as travelling from Hanoi center to Hoa Lac only about 30 minutes; smart planning with synchronous and modern infrastructure, etc., These are the basic factors for businesses to consider investing in Hoa Lac Hi-tech Park.
Ready to welcome "eagle"
Deputy Head of Hoa Lac Hi-Tech Park Management Board Tran Dac Trung said that in the current period, attracting investment to contribute to the development of the scientific and technological potential of the Hanoi region as well as creating a spreading motivation to the Science and Technology sector of the country is the main task of the park. In addition, focusing on implementing solutions to develop the innovation ecosystem, gradually building Hoa Lac Hi-tech Park as the innovation center of Hanoi city.
The investment environment of Hanoi in general and Hoa Lac Hi-tech Park in particular is being considered as an advantage to attract investment from enterprises “Firstly, our country has a stable political environment, controls Covid-19 epidemic well and still maintains the momentum of economic development. Secondly, the authorities of Hanoi and the Management Board of Hoa Lac Hi-Tech Park always create favorable conditions both in terms of mechanism as well as other conditions so that investors can deploy their projects as planned, etc.,”, Mr. Tran Dac Trung added.
However, there is still a lot of work to be done so that Hoa Lac Hi-Tech Park is worthy of the expectation of being a good land for high-tech investors and contributing to the rapid and sustainable economic development of the capital and the country.
Chairman of the Board of Directors and General Director of A Chau Industrial Technology Joint Stock Company (ACIT) Pham Dinh Thang said that the investment in connected technical and social infrastructure in Hoa Lac Hi-Tech Park needs to be promoted more quickly so that enterprises feel secure when deciding to invest here.
According to Minister of Science and Technology Huynh Thanh Dat, so that this place become an attractive destination to attract domestic and international high-tech investment projects, it is necessary to pay attention and support to mechanisms and policies of many agencies, departments and branches of the National Assembly and the Government; the close coordination of central agencies as well as the continued attention and facilitation of Hanoi city.
“In the coming time, Hoa Lac Hi-Tech Park will focus on completing infrastructure and a number of important policies, creating more favorable conditions for investors, be ready to welcome “eagle” technology, Minister of Science and Technology Huynh Thanh Dat emphasized.
Source: Hanoi News