The software village in Hoa Lac Hi-Tech Park of Hanoi (Photo: VNA)
Hanoi (VNA) – The Management Board of Hoa Lac Hi-Tech Park (HHTP), based inHanoi, will press on with improving its investment environment to attract more funding.
Deputy Minister of Science and Technology PhamDai Duong, who also chairs the HHTP Management Board, said in the first fourmonths of 2018, the management board granted investment registrationcertificates for four projects worth nearly 10.92 trillion VND (477.7 millionUSD) and covering 15.4 hectares of land.
In 2017, certificates were provided for threeprojects with total investment of more than 5 trillion VND, covering 11.7hectares of land.
Compared to 2016, average investment per hectareof land here has risen by more than two times to 31.5 million USD at present.
Duong said projects with investment registrationcertificates are being swiftly implemented. Notably, the factory of the HanwhaAero Engines company, invested by the Republic of Korea’s Hanwha Techwin Co.Ltd, has had its construction completed and is operating on a trial basis. Thisfactory project has total registered capital of 200 million USD, which isexpected to rise to 260 million USD in 2021.
Meanwhile, two of the five projects worth 1billion USD in total in the HHTP invested by Japan’s NIDEC Corporation receivedinvestment certificates last April. They are working to finalise procedures forconstruction so as to put the plant into operation in the first quarter of2019.
He noted the HHTP Management Board will propose mechanismsand policies for the park to improve investment quality. It will also continuereviewing projects to ensure they are implemented as scheduled and prevent landwastefulness.
The board has so far revoked 19 projects thatlagged behind schedule or failed to run as planned. It has also reduced landareas used by two other projects, the official added.
Located in Thach That and Quoc Oai districts,the 1,586-hectare Hoa Lac Hi-Tech Park is being developed into a science cityhosting investors in biotechnology, information – communications, new materialtechnology and automation.-VNA
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.
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.
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.
A software development centre will be developed by ETC Technology Systems SJC (ETC) at Hoa Lac Hi-tech Park in Hanoi with an investment of nearly 1.48 trillion VND (some 65 million USD).
Hoa Lac Hi-tech Park granted investment certificates to four projects worth nearly 11 trillion VND (484 million USD) combined in the first four months of this year, the park’s management board said on May 22.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
The software village in Hoa Lac Hi-Tech Park of Hanoi (Photo: VNA) 
