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Vietnam to construct SE Asia's biggest software park
Construction of Vietnam's US$1.2 billion Thu Thiem Software Park has begun in HCM City's District 2. The 65 hectares park will have 75 per cent of space devoted to office areas, 15 per cent to commercial and retail areas, and 10 per cent to residential areas. Space will be available for rent to IT experts and highly skilled employees.
The project has a training centre to develop the essential human resources role 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.
"The operation of Thu Thiem Software Park will contribute to the process of transforming Viet Nam's cheap labour force to a high-tech one, and attract other companies to invest in the technology industry," said a spokesman.
When the park becomes operational, it is expected to attract an additional $2.95 billion in foreign direct investment, contribute $4.3 billion in taxes, and create $6.5 billion 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.
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