Hoa Lac Hi-Tech Park

Overview

Hoa Lac Hi-tech park is one of the first crucial projects of Vietnamese Government which aims to develop hi-tech industry and national R&D. The total area of this project is 1.586ha with 9 main functions: Education and Training, Software, R&D, silicon valley, center, general service area, resident and office buildings, residence buildings for experts and workers, Entertainment and Sport center. Hoa Lac hi-tech park is expected to become a national center of research, development and application of high technology which incubates high tech enterprises, create qualified labor, leverage high tech production and trading with full facilities, infrastructure and services of modern technology city.

Why choose Hoa Lac hi-tech park?

Good location

High qualified labor

Modern infrastructure

Investment

Policies which highly favor investment

“One door” mechanism

Location

Hoa Lac Industrial Park is located 25km away to the West from Hanoi, 42km away from Noi Bai Airport and 100km away from Hai Phong. It also lies next to Hanoi National University. It has advantages in terms of traffic to Hanoi through Thang Long high way and other locations

Modern infrastructure

Waste water treatment system

Modern internal route system

Water resources: 3000m3/daily

Electricity with power stations of 63 MVA

Internet/Telecommunication: Viettel, FPT and VNPT

Labor resources

Human resource development is one of the most important factors of Hoa Lac hi-tech park. It was proven by the fact that the park is located next to Hanoi National University – one of the most well-known universities in Vietnam with variety of training departments: economics, technology, finance, accounting and other social fields. In 2020, there will be around 60.000 students studying in this area and the number will increase to 100.000 in 2050. Also, FPT university and other universities such as Vietnam-Japan University, University of Science and Technology have been active in the park

Industries that are highly favored

IT

Bio- technology

New material technology

Automatic technology

Investment Criteria of R&D

Modern technology: 1/3 automatic equipment

R&D investment: 1% of total revenue

Engineers: 5% of total employees working in R&D

Environment protection: ISO 14000

In order to create a science city and guarantee quality for people working and studying in the area, Hoa Lac hi-tech park also prioritizes the investors which invest in resident building, office, shopping malls, hospital schools, logistic service and entertainment 

Favorable conditions

Income taxes:  

0% in 4 years (since the first year that the enterprises pay taxes)

5% in 9 following years (tax exempt period)

10% in 2 consecutive year (tax exempt period)

10% tax rate income reduction for enterprises taking part in corporate social responsibility

Import-export tax: Tax exempt for imported fixed assets such as raw material, equipment to produce high tech products, software which local countries has not yet involved, imported goods to serve R&D

Value added tax: Tax exempt for equipment, machines and transportation which has not been produced within Vietnam or used for technology R&D

“One door” mechanism

It aims to bring effectiveness for the investors to do all the procedures with the best favorable package. The BOD of Hoa Lac hi-tech park works as a bridge between the investors and other government agencies, thus facilitating the legal procedure. The investors are able to set up business, do all custom procedures, banking transaction and other administration in the park in the most efficient way.

Main functions of the park

Total areas: 1586 ha

Main areas:

Software: 60ha

R&D: 281ha

Silicon Valley: 549.5ha

Education and Training: 138ha

Supporting areas:

Center: 50ha

General services: 87,7ha

Entertainment and Sport: 33.12ha

Buildings for residence: 25ha

Buildings for residences and office: 42ha

Education and training areas:

Covered area: 98.3ha

Criteria:

Building density: 20.39%

Floors: min. 2

Floor area ration: max 0.764 times

R&D area:

Covered area: 55.7ha

Criteria:

Building density: 30-35%

Floors: 4-6 floors

Floor area ration: 1.5 to 2.1 times

Software area:

Covered area: 17.5ha

Criteria:

Building density: 23.4%

Floors: 5 floors

Floor area ration: 0.99 times

Silicon Valley:

Covered area: 117.1ha

Criteria:

Building density: 40-60%

Floors: min. 2

Floor area ration: 1.2 to1.8 times

Center areas:

Covered area: 12.1ha

Criteria:

Building density: 23-41%

Floors: 2-40

General service areas:

Covered area: 16.5ha

Criteria:

Building density: 26-38%

Floors: 2-18 floors

Floor area ration: 2.9 to 4.3 times

Building for experts and workers:

Covered area: 0

Criteria:

Building density: 34%

Floors: 2-30 floors

Floor area ration: 4.79 times

Residence and office building:

Covered area: 0

Criteria:

Building density: 42%

Floors: 3-25

Floor area ration: 2.47 times

Sport and entertainment:

Covered area: 33.12

Criteria:

Building density: 17.9%

Floors: 2-9 floors

Floor area ration: 0.47 times

How ANT Consulting Could Help Your Business?

Please click here to learn more about ANT Consulting or contact our lawyers and consultants in Vietnam for advice via email ant@antconsult.vn or call our office at +84 28 730 86 529 

Contact us to schedule your complimentary consultation.

We are available at offices in central of Hanoi, Ho Chi Minh City and Da Nang that help cover through out Vietnam.