Hung Yen to Host New High-Tech Park Focused on Strategic Technologies

The Vietnamese government has approved a proposal to establish a new high-tech park in Hung Yen Province. The park, located in Hoan Long and Viet Yen communes, will cover an area of 496.1 hectares and is mandated to conduct research and development, manufacture products, and provide services related to high and strategic technologies. The park will also support technology incubation, training, and transfer within the scope of the law. In May this year, the government promulgated a list of strategic technologies and strategic technological products for priority development, making the establishment of this high-tech park a concrete step towards enhancing Vietnam's technological capabilities and industrial competitiveness in these fields. Key strategic technologies identified include digital technologies (AI, big data, IoT, blockchain), next-generation mobile networks, robotics, advanced biotechnology, semiconductor chip technologies, cybersecurity, and marine and space technologies. Strategic technological products range from Vietnamese large language models, AI cameras, digital twin platforms, and 5G equipment to next-generation vaccines, advanced materials, battery systems, green hydrogen production systems, unmanned aerial vehicles (UAVs), specialized semiconductor chips, and small modular reactors (SMRs) that could become future growth drivers. Under its one-party system, Vietnam prioritizes economic growth and promotes investment and development in advanced technology as a national strategy. While China remains a strong economic partner, Vietnam is also deepening technological cooperation with developed countries like the United States and Japan to diversify supply chains and mitigate geopolitical risks. The establishment of such high-tech parks is crucial for fostering domestic technological innovation and boosting international competitiveness.