Hanel Limited Company has received an investment licence to build a software park in Ha Noi, worth a total of US$35 million.

The park will occupy 312,000sq.m in Phuc Loi Ward of Long Bien District and will be divided into zones for produce, electrical retail, IT training, a five-star hotel and a green park.

Nguyen Quoc Binh, Hanel's General Director, said the area would be the first technology park to meet international standards in Viet Nam.

It would be an advantageous environment for software enterprises to strongly invest in Viet Nam, Binh added.

Construction of the park will commence in the first quarter of this year and it is expected to be put into operation at the start of 2014. — VNS