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$40.5mn software park project at standstill in Da Nang

$40.5mn software park project at standstill in Da Nang

Wednesday, December 06, 2023, 17:37 GMT+7
$40.5mn software park project at standstill in Da Nang
A view of the suspended software park project in Da Nang City, central Vietnam

A software park project, carrying a price tag of VND986 billion (US$40.5 million), in Da Nang City, central Vietnam is currently on hold on account of obstacles to relevant regulations.

The project was commenced in 2020 on 28,000 square meters of land in Hai Chau District. 

It was expected to provide some 6,000 IT and digital technology jobs.

However, its execution has been suspended although the construction is incomplete.

At a recent press conference of the administration in Da Nang, Le Son Phong, deputy director of the municipal Department of Information and Communications, said the city considered the software park as a key project.

After several unsuccessful tenders, the city decided to use its budget to implement the project.

As a result, it is a public asset.

However, the national government has yet to issue regulations on the management, use, and exploitation of public assets which are IT infrastructure facilities, specifically software parks, Phong explained.

The project is currently on hold.

A VND986 billion ($40.5 million) software park is currently on hold in Da Nang, central Vietnam. Photo: Tuoi Tre

The coastal city has repeatedly proposed supplementing the regulations.

Until March 21 this year, the prime minister gave the nod to the addition of the rules to a draft decree on special policies on investment, finance, budget, and autonomy for Da Nang.

Enterprises’ registration for spaces inside the software park is beyond the facility’s capacity although it remains unfinished. 

The Da Nang Department of Information and Communications has received numerous proposals from enterprises and investors on the software park expansion and policies supporting their digital transformation and innovation.

The early operation of the software park will create a new motivation for Da Nang’s development.

The early operation of the software park will create a new motivation for Da Nang’s development. Photo: Tuoi Tre

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Thanh Ha - Doan Cuong / Tuoi Tre News


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