Conditions for establishing hi-tech parks in Vietnam as of March 25, 2024

Conditions for establishing hi-tech parks in Vietnam as of March 25, 2024

Pursuant to Article 5 of Decree 10/2024/ND-CP (effective from March 25, 2024), the conditions for establishing hi-tech parks include:

(1) General conditions:

- Conforming with the regional or provincial planning approved by a competent authority;

- Having appropriate scale of area, land use feasibility, and compatible natural conditions; 

- Having infrastructure conditions and favorable traffic locations;

- Being capable of linking with highly qualified research and training facilities;

- Having feasible schemes for personnel and professional managers for hi-tech parks;

- Having feasible schemes to mobilize resources for investment in the development of the system of technical and social infrastructures of hi-tech parks, ensuring the capacity for balancing the state budget (if any);

- Having feasible schemes to construct housing areas and public works adjacent to or surrounding hi-tech parks to serve the life of specialists and employees working in such hi-tech parks according to their needs and construction progress of hi-tech parks;

- Satisfying environmental protection conditions according to environmental protection laws;

- Ensuring national defense and security.

(2) Conditions for establishing hi-tech parks prescribed in Article 31 of the Law on High Technologies 2008:

- Satisfying the conditions prescribed in Clause (1);

- Conforming with policies of the State on the development of high technologies and hi-tech industries;

- Satisfying the conditions for implementing tasks prescribed in Clause 2 Article 31 of the Law on High Technologies 2008;

- Having feasible schemes to provide favorable technical infrastructures and services meeting the requirements for research, application, and development of high technologies; incubate high technologies and hi-tech enterprises; experimentally produce hi-tech products; provide hi-tech services.

(3) Conditions for establishing hi-tech application agricultural parks prescribed in Article 32 of the Law on High Technologies 2008:

- Satisfying the conditions prescribed in Clause (1);

- Conforming with agricultural development strategies and plans;

- Satisfying the conditions for implementing tasks prescribed in Clause 2 Article 32 of the Law on High Technologies 2008;

- Having feasible schemes to provide favorable technical infrastructures and services meeting the requirements for research, training, experiment, and showcase of hi-tech applications concerning agriculture.

Conditions for establishing hi-tech parks in Vietnam as of March 25, 2024 (Internet image) 

What does the scheme to establish the hi-tech park in Vietnam include?

Pursuant to Clause 2, Article 7 of Decree 10/2024/ND-CP, the scheme to establish the hi-tech park includes:

- Legal grounds and necessity for the establishment of the hi-tech park; 

- Assessment of the status, geographical and natural elements and conditions, natural resources, science and technology, socio-economy, limitations, and comparative advantages of the area suggested for the establishment of the hi-tech park compared to other areas in the province or centrally affiliated city;

- Assessment and presentation of the capacity for satisfying conditions for establishing hi-tech parks as prescribed in Article 5 of Decree 10/2024/ND-CP (enclosed with relevant documents);

- Expected direction for the development of the hi-tech park: development objectives, nature, functions, and tasks of the hi-tech park; direction for the development of prioritized sectors and fields in the hi-tech park; orientation of the organization of functional areas for the implementation of tasks according to the Law on High Technologies 2008, preliminary direction for space development and land use planning; direction for the development of personnel and managers;

- Expected total investment capital, measures to mobilize sources, and assignment of responsibilities for investment in the technical infrastructure system of the hi-tech park; plans and road maps for investment in the construction and development of the hi-tech park;

- Suggestions on solutions and their implementation;

- Display of the scheme to establish the hi-tech park on the 1:10.000 - 1:25.000 map.

Mai Thanh Loi

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