Mon. Nov 28th, 2022

Da Nang starts construction on Vietnamese “Silicon Valley”

DA NANG (VNS)— The US’s Rocky LaiAssociates Inc officially started the construction of the Da Nang Information Technology Park (DITP) in Hoa Vang district on Saturday.

The park, which covers an area of 341ha with total investment of US$278 million, will be the biggest ‘Silicon Valley’ in the central region of Viet Nam.

“It’s expected that the park will create revenue of $3 billion each year with 25,000 jobs and a satellite city of a 100,000 people,” said the vice chairman of Rocky LaiAssociates Inc, Paul Ta.

The park will also include banks, offices, IT research and training centres, production and an IT showroom.

Minister of Information and Communications Nguyen Bac Son said the establishment of the IT park would help attract investment for economic development.

Chairman of the Da Nang People’s Committee Van Huu Chien said: “Da Nang has developed strongly in the IT sector, and it remains a priority for the city’s development strategy.”

Da Nang is the biggest city after Ha Noi and HCM City to develop centralised information centres.

The city has developed the Quang Trung and Da Nang software parks as centralised centres to attract 140 information technology companies and over 2,000 employees.

Da Nang’s Software Park has been recognised as the nation’s second centralised IT zone by the Ministry of Information and Communications.

According to the city’s information and communications department, the central city’s IT businesses earned VND3.2 trillion ($152 million) in revenue and an export turnover of $13.5 million last year. — VNS

By vivian