The Hanoi People’s Committee has decided to establish, adjust, and expand the boundaries of high-tech parks in the city. They have also issued regulations for the operation of these parks, which are under the management of the city’s management board.
The management board has been delegated the authority to allocate land, lease land, and manage land within the Hoa Lac High-Tech Park.
Investment projects and activities within the high-tech park are eligible for preferential treatment and investment support, as per the amended Capital Law and other relevant laws and regulations on high technology.
The Hoa Lac High-Tech Park is a hub for research, development, testing, and application of advanced technologies, as well as high-tech training, production, and innovation. It serves as a testing ground for mechanisms and policies to promote the development of high technology and high-tech parks nationwide.
Investors implementing projects in the Hoa Lac High-Tech Park are allowed to convert part or all of their project objectives from manufacturing high-tech products to research and development, incubation of high technology and high-tech enterprises, innovation, or provision of high-tech services. They can continue using the invested site and allocated or leased land for the converted project objectives.
The city’s budget allocates funds for the construction and development of the Hoa Lac High-Tech Park, prioritizing investment in technical infrastructure, high-tech infrastructure, and infrastructure for scientific and technological development within the park. It also covers compensation, support, resettlement, and the construction of accommodations for employees working in the park.
For functional areas requiring infrastructure development, the state invests through the high-tech park management board or allows investors to build and lease infrastructure. This applies to land areas used for public purposes, as specified in the approved construction subdivision planning.
According to the law, the state leases land without auctioning land use rights for projects implementing high-tech activities that require land use.
The law also allows investors implementing manufacturing projects of high-tech products in the Hoa Lac High-Tech Park to convert their project objectives. They can now focus on research and development, incubation of high technology and high-tech enterprises, innovation, or provision of high-tech services while continuing to use the invested site and allocated or leased land.
The management board of a public non-business unit or the head of such a unit, in the absence of a management board, has the authority to decide on the use of public assets for business, leasing, joint venture, or linkage activities. This is applicable when the unit’s assets are used to provide services for high-tech activities, shared equipment, workspace, research, incubation, testing, and technology demonstration to support high-tech activities, and the development of an innovative startup ecosystem. It is also applicable in cases prescribed by the law on management and use of public assets.
The use of public assets of public non-business units under the management of the city for business, leasing, joint venture, or linkage activities shall be governed by the regulations of the Hanoi People’s Council.
The use of public assets of public non-business units under the management of ministries or ministerial-level agencies shall be governed by the respective ministry or agency.
Assets donated, gifted, contributed, sponsored, or otherwise transferred to the management board of the high-tech park or public non-business units operating within the Hoa Lac High-Tech Park are considered legal assets of the receiving unit. The unit can manage and use these assets without having to go through the procedure for establishing the ownership of the entire population.
The high-tech park management board is authorized to appraise and approve subdivision planning and detailed construction planning within the high-tech park. They also approve investment proposals, adjust investment objectives, and issue, adjust, or revoke investment registration certificates for investment projects within the park.
Additionally, the management board is responsible for land allocation, land leasing, and land management within the Hoa Lac High-Tech Park, as delegated by the Hanoi People’s Committee.
To ensure policy continuity and address current challenges, the law grants the Hanoi People’s Council the authority to determine the level of collection, collection, payment, and use of compensation funds for site clearance, infrastructure usage fees, wastewater treatment charges, and preferential policies for specific cases within the Hoa Lac High-Tech Park.
According to the Hoa Lac High-Tech Park Management Board, there are currently 108 effective investment projects in the park, including 14 foreign-invested projects, with a total registered capital of approximately VND 115,300 billion.
These projects focus on technology development, production of high-tech products, information technology, telecommunications, automation, new materials, and biotechnology, among other fields.
Investors have researched, transferred, mastered, and developed advanced technologies belonging to 55 groups of high technology and 31 groups of high-tech products prioritized for investment and development.
The Management Board also highlighted two leading sectors: information technology and telecommunications, and biotechnology. Additionally, there is a linkage between training, research, and production, with enterprises and research institutes collaborating and placing orders with each other.
In November 2023, the Ministry of Science and Technology transferred the management of the Hoa Lac High-Tech Park to the Hanoi People’s Committee, a quarter of a century after its establishment.
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