Vietnam Technology Channel

Danang Software Park Recognized

The Danang Software Park has been officially recognized as the third “central information technology center in Vietnam, with the other two located in Hanoi and Ho Chi Minh City.

The Danang Software Park is located in downtown Danang and is comprised of two buildings, with a total of 10,000 square meters of space. Currently the “Park” is home to 75 IT businesses, including 25 international companies who employ 2,400+ people.

The “Park” is noticeable for the fact that the companies that operate in it have been able to attract $80+ million USD in investment. Trần Quang Thanh, the director of Danang City’s IT division said that the park is a key center for the IT industry and has helped boost the city’s efforts in the areas of e-governance since 2014.

According to Danang government reports ... the IT and communications industry account for 700 businesses and employ 22,000 people. In 2014 the industry earned revenue of $275 million USD. In 2017, the industry is expected to earn $575 million USD, more than double the 2014 figures. Danang’s IT industry is expected to enjoy double-digit growth across the next 3 ~ 5 years as more companies in Vietnam and internationally move into the Business 4.0 era.

Danang has been steadily implementing IT and eco-friendly systems into its area. Notable among these has been the development of “smart city solutions” which it is implementing with a goal of making government and citizen interactions more efficient and transparent.

The city is working with companies in the areas of IT applications and infrastructure, communications companies and human resources companies.

Danang’s IT industry is expecting software export revenues of $67 million USD in 2017 and the city is anxious to see the expansion of companies and jobs in the IT sector since they are clean, offer employees attractive work with higher than average incomes and contribute to the city’s image as the “Smartest & Most Livable City” in Vietnam. To this end the city is calling for investment in a software park in the Đa Phước International urban area and is looking at other initiatives that will expand the IT industry.