PM requires Hoa Lac Hi-Tech Park to form startup ecosystem
Prime Minister Nguyen Xuan Phuc has expressed his wish that the Hoa Lac Hi-Tech Park in the outskirts of Hanoi will serve as a place where Vietnam’s startup ecosystem is formed.
Prime Minister Nguyen Xuan Phuc was introduced to a hi-tech product (Source: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has expressed his wishthat the Hoa Lac Hi-Tech Park in the outskirts of Hanoi will make greatcontributions to the fourth Industrial Revolution and serve as a place whereVietnam’s startup ecosystem is formed.
Visiting the park on February 22, PM Phuc said he hopes thatit will be filled with investment activities at an early time, and become a bigproduction centre of the capital city, thus contributing to the country’sscience and technology development and bringing the added value to the economy.
He asked ministries, sectors and the Hanoi municipalPeople’s Committee to speed up its construction so as to avoid missing any science-technologydevelopment opportunities.
Specifically, the Ministry of Science and Technology (MoST)need to carry out measures to realise policies to attract more high-qualityhuman resources, while the Hanoi People’s Committee should help speed up theland clearance process to quickly complete the park’s construction, he said.
The Government leader also requested the MoST and relatedoffices to soon grant investment licences to NIDEC Group, which decided to pour400 million USD into the first phase of its two projects and plans to invest inthree more projects with a total registered capital of 1 billion USD in thenext stage.
Prime Minister Nguyen Xuan Phuc meets Hamvha Techwin company workers (Source: VNA)
Located in Hanoi’s Thach That and Quoc Oai districts, the 1,586haHoa Lac Hi-Tech Park is expected to become a science city hosting investors inbiotechnology, information – communication, new material technology, andautomation.
Modern infrastructure is being built at the park using theState budget and the official development assistance (ODA) provided by theJapanese government.
As of late 2017, the park had 81 valid investment projects,with a total registered capital of over 66 trillion VND (2.9 million USD), onan area of 358ha.
Last year, the park attracted many big technological projects,including the Hamvha Techwin company’s 200-million-USD Hamvha Aero Enginesproject.-VNA
The Government has issued a decree defining special mechanisms and policies for the Hoa Lac Hi-Tech Park in Hanoi, including a 10 percent corporate income tax in 30 years for new projects with an investment from 4 trillion VND (176 million USD).
A conference to promote investments from the Republic of Korea (RoK) in the Hanoi-based Hoa Lac High-Tech Park was held on July 7, expected to open cooperation opportunities for Vietnam and the RoK across fields, especially health care.
Prime Minister Nguyen Xuan Phuc has urged accelerating land clearance for the construction of the Vietnam National University-Hanoi in Hoa Lac area, Hanoi’s suburban Thach That district.
Hanoi plans to construct a super satellite city by 2030, with a total area of over 17,270ha located in two districts of Thach That and Quoc Oai and Son Tay town.
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ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
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A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
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The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
Prime Minister Nguyen Xuan Phuc was introduced to a hi-tech product (Source: VNA) 
Prime Minister Nguyen Xuan Phuc meets Hamvha Techwin company workers (Source: VNA) 
