The construction of a data backup centre for the Ho Chi Minh Stock Exchange (HOSE) in Quang Trung Software Park got underway in the city on May 3.

The 9-storey centre will cover an area of 5,000 square metres and cost 300 billion VND (14.3 million USD). When operational, its total floor space will be 16,000 square metres.

According to Chairman of the HOSE’s Board of Directors Tran Dac Sinh, this will be the largest and most up-to-date data backup centre in Vietnam, to help the stock market operate stably, and build domestic and foreign investors’ confidence, making the HOSE a modern stock exchange in the region and the world.

Nguyen Thi Hong, Vice Chairman of HCM City People’s Committee, said that the centre will be an architectural highlight in Quang Trung Software Park, contributing to the image of the city’s modern high-tech zone.-VNA