New regulations aim to spur growth in Hanoi High-Tech Biological Park

Deputy Prime Minister Nguyen Chi Dung has signed Prime Ministerial Decision No 607/QD-TTg promulgating the Regulations of the Hanoi High-Tech Biological Park.

The regulations aim to develop a synchronous and modern system of technical infrastructure and social infrastructure in the high-tech park, providing favorable mechanisms and policies to attract investment projects, research and development activities, application, product manufacturing, education, training, incubation, and provision of high-tech services in line with the global high-tech development trends and Vietnam's high-tech development policies and orientations, with priority given to the field of biotechnology.

At the same time, the regulations also aim to attract leading global high-tech corporations and companies in the field of biotechnology to invest in research and development, production, and high-tech transfer to Vietnamese enterprises.

The Decision clearly states the goal of developing the high-tech biological park into a regional center of excellence in biotechnology, competitive with other countries in the region, and playing a role in spreading high technology in the locality and throughout the country.

According to the Prime Minister's Decision on the establishment of the Hanoi High-Tech Biological Park, the park has a scale of 199.03 ha, located in the wards of Tay Tuu, Lien Mac, Minh Khai, Thuy Phuong and Co Nhue 2, Bac Tu Liem district.