Da Nang to invest additional 16 million USD into software park

17:19 | 03/11/2024 Investment Follow Ven.vn on

The People's Council of Da Nang city has approved the adjusted pre-feasibility study report for the development of Software Park No 2, proposed by the municipal People's Committee.

Accordingly, the city will provide an additional 414 billion VND (16.4 million USD) to build three more buildings in the park, which are the ICT (20 floors), the ICT1 (eight floors) and the ICT2 (eight floors).

The park was built in October 2020 at a total cost of 986 billion VND (39 million USD), which was covered by the city’s budget.

Da Nang to invest additional 16 million USD into software park

Software Park No 2 located on Nguyen Tat Thanh street in Hai Chau district, Da Nang city. (Photo: VNA)

With the new buildings, to date, the actual costs to develop the park and its infrastructure have reached over 1.4 trillion VND (55.4 million USD).

The development of the software park is among the key projects of the city during the 2021-2025 period.

The project was approved to attract domestic and foreign investment to the city, especially in the field of information technology.

When going into operation, the park will serve as a bridge between businesses and the State, helping them to access State support, incubate new start-ups and expand the technology industry.

Source: VNA

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