Work on Second Software Park Starts in Vietnam Biggest City
The construction of Vietnam-Japan Intellectual Park in Ho Chi Minh City’s new urban area Thu Thiem began on December 23 with a ground-breaking ceremony for the 18-storey Park Gate Building.
The park, the second of its kind in HCM City, will cover an area of 440,000 square meters and estimated to cost US$610 million.
It will house various industries, including production of software and chips, human source training, promotion of trade and investment in high technology, and house and office leasing.
The project is expected to attract 4-5 large foreign hi-tech firms by 2017 with a workforce of 3,500 engineers and programmers and another 10,000 workers.
In addition to capital attraction and technology transfer, the project is to focus on the training of high skilled workers for supply to the Japanese market.
Construction on US$1.2 billion software park, the first of this kind in HCM City, began in Thu Thiem New Urban Area on July 19.
Vietnam software industry's revenue had grown six times in 2000-2006 and accounted for 0.4 per cent of the country's 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. (Local sources)
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