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Gigantic software park break ground
President Nguyen Minh Triet on July 19 attended the ground-breaking ceremony of the 1.2 billion USD Thu Thiem Software Park in Ho Chi Minh City’s district 2.
The project is a joint venture between SaigonTel Joint Stock Company, a subsidiary of the Sai Gon Invest Group and the TA Associates International Pte. Ltd., a member of the TECO group from Taiwan. SaigonTel contributes 20 percent of the joint venture’s capital.
To be built on 65ha, the park will have 75 percent of space devoted to office areas, 15 percent to commercial and retail areas, and 10 percent to residential areas.
Space will be available for rent to IT experts and highly skilled staff who decide to work in software production and microchip design.
The project has a training centre to develop human resources and provide a skilled workforce to tenants.
The centre will also carry out activities to promote trade and investment in the Thu Thiem New Urban Area.
When the park becomes operational, it is expected to attract an additional 2.95 billion USD in foreign direct investment, contribute 4.3 billion USD in taxes, and create 6.5 billion USD in annual revenue.
The park is expected to create 40,000 new jobs during the construction period and 70,000 jobs for software specialists and IT engineers.
As the biggest single soft-ware park project in Vietnam as well as in the ASEAN region, the park will contribute significantly to the city’s structural shift towards service sector development.
VNA
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