Following Vietnam’s first aircraft engine parts factory with investment from South Korea’s Hanwha Aerospace in Hanoi-based Hoa Lac Hi-tech park last December, Nguyen Trung Quynh, deputy head of the Management Board, expected the park to be capable of attracting major investors worldwide.
Investors from South Korean, Japan, among others, have been selective in searching for possible investment destination, according to Quynh, adding that Hoa Lac Hi-tech park could now meet the demand of both local and foreign investors.
Recently, domestic enterprises, especially leading corporations such as VNPT, FPT, Viettel or Vingroup have chosen the park as location for investment.
Last November, Vingroup signed an agreement to build a plant worth VND1.2 trillion (US$51.3 million) specialized in producing smart electronic devices.
The Hoa Lac Hi-tech park also has a variety of social infrastructure development projects, which is in line with the city’s plan to become a worth-living city, Quynh continued.
In the coming time, Quynh expected the park to attract quality projects creating high spill-over effects to the city and surrounding provinces and cities.
Hoa Lac Hi-tech Part currently has 87 projects with registered capital of VND78 trillion (US$3.34 billion). In 2018, the park has 10 new projects worth a combined of VND15.85 trillion (US$678.62 million).