Hanoi, Dec. 20 -- Armed with a new legal framework under the revised Law on the Capital and Politburo Resolution No. 57, Hanoi's Hoa Lac Hi-Tech Park is entering what officials describe as a once-in-a-generation opportunity to reposition itself as Vietnam's national innovation hub and a domestic version of "Silicon Valley".

Located about 30 kilometres west of central Hanoi and close to major transport arteries, Hoa Lac currently hosts 109 investment projects with total registered capital of roughly 121 trillion VND (4.59 billion USD). Of which, the Viettel Military Industry and Telecoms Group is a strategic partner, committing 12 trillion VND, including a 10-trillion-VND research and development centre - the largest of its kind in the co...