22:09 (GMT +7) - Tuesday 16/10/2018


Hanoi proposes $480 million software park

Released at: 17:21, 25/06/2015

Hanoi proposes $480 million software park

Project expected to attract IT investment from around the world.

by Minh Tuyet

The Hanoi People’s Committee has submitted a proposal to the Prime Minister to establish an information technology center in Long Bien district. To be conducted from 2015 to 2019 and with an area of 43 ha, the project is expected to attract major investment from both domestic and foreign investors.

The Hanel Company will be the investor, with investment capital standing at VND10.5 trillion ($481.3 million), including VND942 billion ($43.1 million) for infrastructure and VND9.5 trillion ($435 million) for functional areas.

The project is targeted to develop a knowledge economy and the information technology industry, especially software, providing favorable conditions for domestic and foreign investment.

The People’s Committee believes that if the project is conducted quickly it will contribute to Vietnam becoming a developed country in information and technology, as the government has targeted.

Hanoi currently has only one information technology zone, which is full to capacity.

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