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Becamex ITC to invest in Hanoi software park

Released at: 09:24, 12/09/2016

Becamex ITC to invest in Hanoi software park

Photo: Duc Anh

People's Committee gives in principle approval to park on new road to airport.

by Quynh Nguyen

The Binh Duong Investment and Trade Joint Stock Company (Becamex ITC) has proposed it invest more than $1 billion in a software park in Hanoi.

The Hanoi People’s Committee has given in principle approval to Becamex ITC to research the project and complete a plan prior to September 30. Becamex ITC, however, did not reveal any further details on the project.

The software park is to cover 70.8 ha (175 acres) along the new road linking the city center with Noi Bai International Airport, according to Hanoi People’s Committee. The software park is a key construction project for the city in the 2016-2020 period and is expected to create more than 40,000 jobs.

The capital plans to use the information technology industry to drive its economy forward and the software park will focus on software development and digital content, according to officials from the Hanoi Department of Information and Communications.

The Hanoi People’s Committee said the project is high on its list of priorities for the next four years because the existing information technology zone in Cau Giay district is now at capacity, with more than 300 businesses, including local tech giants such as FPT Corp., Viettel and Hanoi Telecom.

The department proposed a plan for a software park in the city to the People’s Committee in April. It will be a model software park of international standard, creating investment opportunities in the city’s high technology sector.  

The project is part of Hanoi’s plan to develop information and technology as a key sector. The Hanoi’s People Committee submitted a plan to the government last year regarding a high-tech zone in Long Bien district, invested by the Hanel Company Limited with capital of $470 million and scheduled for completion in 2019.

Becamex ITC is part of the state-run Becamex IDC Corp., which is a provincial investment and development enterprise patterned on Singapore’s Temasek Holdings and one of Vietnam’s leading industrial park developers with a strong footprint in the southern province of Binh Duong.

Becamex IDC currently has 28 member companies operating in the fields of securities, finance, insurance, banking, construction, trade, real estate, services, telecommunications - information technology, concrete production, building materials, mining, pharmaceuticals, healthcare, and education.

In the field of industrial and urban development, Becamex IDC’s projects include the My Phuoc Urban and Industrial Zone, the Binh Duong Industrial Services and Urban Complex, and Vietnam - Singapore Industrial Park.

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