This handover was implemented pursuant to Government Resolution No. 119/NQ-CP dated August 1, 2023, regarding the transfer of Hoa Lac Hi-Tech Park under the management of the Ministry of Science and Technology to the Hanoi People's Committee.

After 25 years of establishment, construction, and development, Hoa Lac Hi-Tech Park has attracted 111 investment projects to date (including 96 domestic projects and 15 foreign investment projects) with a total registered investment capital exceeding VND 111,500 billion.

Investors have researched, transferred, mastered, and developed high technologies across 55 high-tech groups and 31 high-tech product groups under the List of High Technologies Prioritized for Investment and Development and High-Tech Products Encouraged for Development.

Hoa Lac Hi-Tech Park gathers numerous major Vietnamese technology corporations and enterprises, as well as investment projects from multinational corporations and foreign enterprises for investment and development.

Speaking at the ceremony, Deputy Prime Minister Tran Luu Quang highly appreciated the efforts and endeavors of the Ministry of Science and Technology, the Hoa Lac Hi-Tech Park Management Board, the Hanoi People's Committee, and relevant ministries and sectors who collaborated to develop Hoa Lac Hi-Tech Park into what it is today.

According to the Deputy Prime Minister, although the number of investment projects remains modest, since its establishment, the Hoa Lac Hi-Tech Park Management Board has consistently maintained and upheld its core objectives with a focus on advancing science, technology, and innovation, serving as a bridge to receive technology transfers and pioneering new advanced technologies; attracting leading research institutes, major universities, the National Innovation Center, business incubators, and manufacturing projects in information technology, electronics, biotechnology, and precision engineering.

In particular, Hoa Lac Hi-Tech Park has initially established a research - training - production value chain and forged strong linkages between research institutes, universities, and industrial enterprises. This represents a defining success of Hoa Lac Hi-Tech Park compared to other hi-tech parks across the country.

At the ceremony, Chairman of the Hanoi People's Committee Tran Sy Thanh affirmed the city's determination to mobilize and efficiently utilize resources from the central budget, local budget, and social capital to continue developing Hoa Lac Hi-Tech Park in accordance with established orientations and objectives. The city will focus on resolving bottlenecks and difficulties while establishing breakthrough mechanisms and policies to transform Hoa Lac Hi-Tech Park into a leading national science and technology hub with regional prominence.

For Hanoi, developing Hoa Lac Hi-Tech Park is of paramount importance in realizing the urban master plan for western Hanoi under the "city within a city" model, opening up a new development space for the capital's future.

Minister of Science and Technology Huynh Thanh Dat expressed confidence that upon receiving the park, the Hanoi People's Committee will inherit and leverage past achievements; concentrate investment resources to develop Hoa Lac Hi-Tech Park into a national core center for innovation, R&D, and technology transfer; forming the core zone of the Hoa Lac urban area where advanced intelligence and technology converge, serving as a center for training high-quality human resources and advanced scientific-technological research for the entire nation.

Witnessed by Deputy Prime Minister Tran Luu Quang, Minister of Science and Technology Huynh Thanh Dat and Hanoi People's Committee Chairman Tran Sy Thanh signed the handover minutes transferring Hoa Lac Hi-Tech Park to Hanoi City, along with a cooperation program between the two entities to advance the park's future development.

Source: VTC News