Da Nang Municipal People’s Committee and US-based Rocky Lai & Associates Inc on Monday signed an agreement on building an information technology (IT) zone in the central city.
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The signing ceremony of an agreement between Da Nang Municipal People's Committee and US-basedRocky Lai & Associates Inc, Da Nang.
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This is the largest investment project in the IT sector of Da Nang in particular and the central and Central Highlands region in general.
Under the agreement, Da Nang will zone off an area of over 131 hectares in Hoa Lien Commune, Hoa Vang District for the Rocky Lai & Associates Inc. to build the IT zone.
The city will also give investment incentives to the investor, including preferential land rent and support in technical infrastructure such as electricity, water and communications.
The US group said the facility will be into an international-standard hi-tech zone and a destination for investors from the US, Europe and other countries.
The first phase of the project is expected to be completed in 2013 and the second phase in 2015.
Currently, Viet Nam has seven centralized IT parks which have attracted over 400 IT businesses with total workforce of 30 thousand, or accounting for 25% of the soft-ware industry’s manpower./.