Danang puts IT park into operation

The park, which covers 341 hectares, was built at a cost of more than VND2.74 trillion (US$118.1 million). Of this, the first phase, costing VND1.06 trillion, has completed its infrastructure components on 131 hectares, allowing investors to begin operations.

The industrial park, which was designed based on the models of Silicon Valley in the United States and the Hsinchu Science Park in Taiwan, is aimed at attracting hi-tech enterprises. Large firms, such as IBM, Cisco, Intel, KDDI and Mitsui, as well as other information technology (IT) firms from Japan, the United States and Singapore, have expressed their interest in locating in DITP and Danang City.

Nguyen Anh Huy, general director of Danang Information Technology Development JSC, said the park expects to generate revenues of US$1.5 billion and create 25,000 jobs per year.

Also, DITP will help attract local and international scientists, engineers and technological experts, and promote the training of hi-tech at local universities, Huy added.

He further expects the city to transfer the cleared site and support the firm in completing administrative procedures, so that it could execute the second phase of the project in 2019.

Speaking at the inauguration ceremony, Deputy Prime Minister Vu Duc Dam said DITP will soon become the largest, and the fifth centralized IT park in Vietnam, along with Quang Trung Software City in HCMC, Danang Software Park in Danang, Cau Giay Centralized Information Technology Zone and Hanoi Software Technology Park in Hanoi.

The DITP project was begun in 2013.

Originally, Rocky Lai and Associates Group in Danang, and U.S. investors, held a 65% share in the project. However, their financial difficulties caused the project to stagnate.

Later, in 2017, Danang Information Technology Development JSC acquired this stake.

On the same day, a ceremony was held to connect the 1,100-hectare Danang Hi-tech Park and DITP, in a bid to attract more IT and hi-tech projects.

According to the Danang Investment Promotion Agency, as of March, the Danang Hi-tech Park had attracted 16 projects valued at US$560 million, including seven foreign-invested projects worth US$356 million and nine domestic investment projects costing nearly VND5.3 trillion.