Vietnam's $19M Software Park to Open in December

Vietnam's largest initiative towards joining the global computer industry will begin in December, when the US$19 million Quang Trung software park opens on the outskirts of Ho Chi Minh City, government officials said Thursday.

The 39-hectare park has been designed with international cooperation in mind, and so will be equipped with a $3 million satellite-based Internet gateway with a capacity of 20M bps (bits per second), officials said in a statement released to coincide with the park's ground-breaking ceremony.

That is several times higher than the current total gateway capacity available to Internet subscribers in the rest of the country.

The park will house software companies, exhibitions, conferences and training and research facilities, officials said.

Vietnam is keen to emulate India's success in building an export-oriented software industry and has set a target of training 25,000 programmers generating $500 million of annual revenue by 2005.

So far, 18 local and foreign companies have signed up to develop software, services and training facilities in the park, according to the statement.

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