The Vietnam Training and Examination Center at the Hoa Lac Hi-Tech Park (HHTP) should now expect to receive modern technologies from the Republic of Korea's Kyungpook National University LINC Centre after the signing of a Memorandum of Understanding (MoU) on August 19. The Korean University Centre – a member of the Asian Science Park Association (ASPA) – will also support the Vietnamese unit with training and education for hi-tech development. "The purpose of the two-day meeting is to ensure cooperation between ASPA and Vietnam's science and technology parks, particularly at HHTP", said Seung Ho Kim, Dean of LINC Center. The MoU secured agreement to improve cooperation between Vietnamese companies and their partners in ASPA, Kim said. Director of HHTP's Management Board, Pham Dai Duong, said he highly appreciated the cooperation with its new partner. He said that the meeting was a great occasion for 50 local companies and 23 foreign companies from Japan, the Republic of Korea and Thailand to discuss business, expand networks and seek more market share in Vietnam and other countries. Duong admitted that HHTP needed to improve its facilities and policies to meet the standards of hi-tech member companies of ASPA. He said HTTP used Japanese Official Development Assistance (ODA) to begin building new facilities on June 26, and expects it will finish at the end of 2018. The Board is also developing policies to submit to the Ministry of Science and Technology and the Government next month, he added. Such policies would create attractive corporate income tax, individual income tax and land-rental fees to reduce investment costs for hi-tech companies interested in the park, Duong said. HTTP was founded in 1998 to develop hi-tech research, training, manufacturing and product trading. Located on a 1,500ha spread across Hanoi's Thach That and Quoc Oai districts, it now employs more than 10,000 labourers. HHTP became a member of ASPA in 2008 and a member of ASPA's Management Board in 2010.-VNA