Work on ASEANs Biggest Software Park Starts in Vietnam
Construction on US$1.2 billion Software Park, the biggest of this kind in Vietnam as well as ASEAN began in Thu Thiem New Urban Area July 19, the Lao Dong newspaper reported Monday.
Taiwanese Teco Group and Saigon Telecommunication and Technologies Corp (SaigonTel) will join hands in the project construction.
To cover an area of 16 hectares, the park will be home to high-tech and software bases, trade centers and residential buildings. It also has a training center to develop human resources and provide a sed workforce to tenants.
&ldquoOnce operational 2016, the Thu Thiem Software Park will contribute to the process of transforming Vietnam&rsquos cheap labor force to a high-tech one, and attract other companies to invest in the technology industry,&rdquo a SaigonTel official said.
The park is expected to attract an additional US$2.95 billion in foreign direct investment, contribute US$4.3 billion in taxes, and US$6.5 billion in annual revenue.
It will also 40,000 new jobs during the construction period and 70,000 jobs for software specialists and IT engineers.
Vietnam software industrys revenue grew six times in 2000-2006 and accounted for 0.4 per cent of the countrys gross domestic product.
Vietnam plans to become the third largest supplier of software developers in the world after India and China in the near future. (Labor)
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