VietNamNet Bridge – The HCMC government has chosen a location in Tan Binh District to house Quang Trung 2 Software City (QTSC 2).

Le Thai Hy, director of the HCMC Department of Information and Communications, told the Daily that the site was adjacent to the HCMC University of Technology and covered more than 40 hectares, which is equivalent to the area in District 12 where the existing QTSC 1 is located.

Hy said the compensation cost of site clearance for the second software park was not too high as most of the chosen land was under the management of Vietnam Posts and Telecommunications Group (VNPT) and Vietnam Post Corp. (VNPost). Good infrastructure facilities for telecommunications have been developed on the area.

There are two investment options for the project under consideration. The developer of QTSC will invest in or mobilize capital from the State budget and investors to build the project.

Hy said the existing QTSC focused on software development and outsourcing while information technology services, human resource development, and research and development (R&D) would play a major role in the second project. The second software park will also provide products and services related to cloud computing, big data, mobility and digital content.

“This key information technology and communications project in HCMC is expected to attract many local and foreign technology enterprises in the coming years,” Hy added.

Earlier last month, Nguyen Hai Long, deputy director of Quang Trung Software City (QTSC), said the QTSC 2 project would be submitted to the HCMC government in June this year and three locations for this project were being considered at that time.

QTSC is working with Lam Dong and Nam Dinh provinces on small-sized software parks. Besides, QTSC is coordinating with Nam Dinh Province to build a data center to serve the demand of enterprises and organizations in the province.

QTSC1 is now home to 110 companies, including 49 foreign ones. This park reported total revenue of VND678.10 billion in the first quarter of this year, a jump of 34% year-on-year. Export earnings in the period were estimated at US$16.82 million, up 37.4% compared to the same period in 2013.

Last year, the combined revenue of companies at QTSC 1 exceeded VND2.8 trillion, a surge of 35.5% versus a year before. Their export revenue was put at US$70.85 million, up 39.7% against 2012.

Source: SGT