Concentrated IT parks underperform, need more investment promotion
Concentrated information technology (IT) parks across Vietnam have obtained certain initial successes during operation but still fell short of expectations, heard a workshop on November 10.
A lack of skilled workers are believed to have partly eroded opportunities to win global IT firms’ investment (Photo: VNA)HCM City (VNA) – Concentrated information technology (IT) parks across Vietnam have obtained certain initial successes during operation but still fell short of expectations, heard a workshop in Ho Chi Minh City on November 10.
There are four concentrated IT parks in Vietnam at present, namely Quang Trung Software City in HCM City, Da Nang Software Park in central Da Nang city, and Cau Giay Concentrated IT Park and Hanoi Software Technology Park, which is under construction, in the capital city.
Data released at the workshop show that these parks have attracted investment from big domestic and foreign IT firms. They raked in more than 200 million USD in revenue in the software industry, compared to the industry’s total earnings of 1.6 billion USD in 2015.
Nguyen Thanh Hung, Deputy Minister of Information and Communications, said the parks’ effect on the software industry has yet to be as big as expected. They have failed to create a favourable environment for business activities or attract major companies’ investment in setting up research and development centres.
The failure is attributable to various causes, including modest investment from the State and society and poor implementation of support policies targeting these parks. Meanwhile, investment promotion activities remain neglected, he said.
Le Quoc Cuong, Deputy Director of the HCM City Department of Information and Communications, said manpower is a fundamental factor in the software industry, but a lack of skilled workers has eroded opportunities to win global IT firms’ attention to Quang Trung Software City.
Less developed infrastructure and a workplace unable to satisfy high-quality workers’ demand are also weaknesses of this park, he added.
Hung said his ministry and the Ministry of Planning and Investment are preparing to implement a target programme on IT for the 2016-2020 period. This programme is set to support seven concentrated IT parks nationwide. About 40 – 60 billion VND (1.8 – 2.7 million USD) in initial support will be provided for each park to help them attract investment.-VNA
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Sci-Tech
Networking event held for Vietnamese, Korean innovation firms
An investment promotion event was held in the northern port city of Hai Phong on April 15, aiming to connect Vietnamese and Korean enterprises in the field of innovation and start-up.
Sci-Tech
Vietnam racing in AI development
The Ministry of Science and Technology (MoST) has proposed the Government approve a national strategy on artificial intelligence (AI) research, development and application by 2030.
Sci-Tech
Viettel opens data centre in Hanoi’s Hoa Lac hi-tech park
The military-run telecom service provider Viettel on April 10 inaugurated its data centre in Hoa Lac Hi-tech Park in Hanoi - one of the largest data centres in Vietnam so far.
Sci-Tech
Report on digital transformation 2023 launched
The annual Report on Digital Transformation 2023 was launched by the Ministry of Planning and Investment (MPI) and the German Agency for International Cooperation (GIZ) at a press conference in Hanoi on April 9, providing enterprises with an insight into the twin green and digital transition trend in the world.
Sci-Tech
Building of legal corridor for AI development, application underway: Official
The building of legal regulations related to virtual assistants in particular and artificial intelligence (AI) applications in general in Vietnam has been drastically implemented, said Deputy Minister of Information and Communications (MIC) Nguyen Phu Tien at a press conference in Hanoi on April 8.
