The central city has launched the first stage of the Da Nang Information Technology Park (DITP) in Hoa Vang district after one year of construction on 131ha with total investment of US$82 million.

The DITP, which was invested and built by the Trung Nam Group, now offers infrastructure for hosting the first investors from the second quarter of 2019.

It’s also the biggest IT Park in Da Nang with the aim of creating more opportunities for IT investors flocking to the city by 2023.

The park, which covers 341ha with total registered investment of $278 million, aims to become central Viet Nam’s ‘Silicon Valley’. It expects to create revenue of $3 billion each year with 25,000 jobs and a satellite city of 100,000 people.

The park, in the west of the city, was designed in connection with the Lien Chieu port and logistics centre, the North-South Expressway and railway system, and hi-tech industrial zones.

As planned, Trung Nam Group will build a 500-bed hospital with total investment of $53 million in the Golden Hills residential area to cater to residents and employees working at DITP. — VNS