Da Nang (VNA) – The central city of Da Nang is collectingopinions from domestic and foreign managers and experts to develop a high-techpark which operates based on information-technology (IT) and well trainedpersonnel.

The city expects to soon complete a framework of mechanisms anddevelopment plans to submit to Prime Minister Nguyen Xuan Phuc for approval tospur the development of the park.

Since the end of the 20th century, Da Nang has invested inbuilding Hoa Khanh industrial zone to attract investments and boost local economicdevelopment.

To create more breakthroughs in socio-economic development, the citydecided to build the Da Nang high-tech park and received approval in 2010 fromthen Prime Minister Nguyen Tan Dung. This is the third high-tech park nationwide,along with others in Ho Chi Minh City and Hanoi.

Covering 1,128 hectares, the park is located northwest of Da Nang cityin Hoa Vang district. It sits along the Da Nang-Quang Ngai expressway, linkingwith Chan May Economic Zone in Thua Thien-Hue province, Chu Lai Open EconomicZone in Quang Nam province and Dung Quat Economic Zone in Quang Ngai provincein the central region.

Da Nang aims to create momentum for the local economy by investing inthe high-tech park. The city has implemented models, policy mechanisms, plansand solutions to promote innovations and startups to be piloted in the park.

The park is expected to create a favourable environment in terms oftechnological infrastructure and investment incentives to encourageorganisations, individuals and businesses at home and abroad to carry outresearch, incubation activities, train high-tech personnel and provide high-techservices.

Dr. Kum Dongwha from the Vietnam-Korea Institute of Science andTechnology said to boost development and promote innovation and startups, it isimportant to conduct research on economic development.

He pointed out decisive factors to successes for the Republic of Korea(RoK) regarding national development plans, including selective strategies, strongGovernment research institutes, technological planning schemes, consensus ofexperts and cooperation between ministries and agencies.

The Government has sent a document to the Prime Minister’s economicconsulting team and the municipal People’s Committee, assigning the committeeto work on mechanisms, policies, plans and solutions to promote innovations andstartups, and report results to the PM in the third quarter of 2018.

Prof. and Dr. Nguyen Duc Khuong, President of the Association ofVietnamese Scientists and Experts in France and a member of the economicconsulting team, viewed innovations and creations as fundamental factors foreconomic growth model reform.

He highlighted the steering role played by the Government in thisregard, and stressed the need to roll out comprehensive, long-term policies andstrong reforms towards a startup ecosystem driven by the private sector.

During a working session with municipal leaders in late July, DeputyPrime Minister Vu Duc Dam said challenges and opportunities always go intandem, noting that creations and innovations are needed to maximizeopportunities.

It is necessary to develop IT and other sectors based on IT, whilestepping up high-quality human resource development, he said.

The Da Nang high-tech park has attracted investment in various realmslike automation and accurate mechanics, electronics, information andcommunication technology (ICT), new material technology, new energy,bio-technology and environmental technology, among others.

To lure more investment, the city has offered incentives in tax, landlease and infrastructure use, along with services to investors.