After two years of deployment, SHTP has prepared infrastructure, power and water supply, and construction space for the first phase covering over 30 hectares, said Nguyen Thi Minh Thu, director of the authority’s Investment and International Cooperation Promotion Department.

The project targets projects of institutions, universities, technology and science firms and high-tech companies playing a key role in creating added value.

Technology transfer projects of organizations or governmental entities and enterprises capable of developing incubators are also considered potential customers of the hi-tech park.

According to Thu, those projects committed to the science area enjoy special tax incentives but pay no rent in their lifetime.

In particular, tenants in the science area can get access to low-interest loans from the national and local science and technology development funds. Those corporate and individual project owners wanting taking out bank loans to invest in science and technology activities in the area will also be supported by the funds.

Meanwhile, scientific and technological development programs and projects chosen for the key socio-economic activities of the State and the development of the national science and technology requiring large capital will be given priority to borrow official development assistance (ODA) loans.

With 93 hectares in the center of the high-tech park, the science site is like a miniature science park. This is one of the elements that make the park stand out in the city.

The area has four functional sections for new products research, personnel training for high-tech industries, corporate development and public facilities. Realty developers can construct modern office buildings for lease there.