Software Park to be Built in HCM City

1:01:11 PM | 4/5/2007

The SaigonTel Company under the Saigon Invest Group and Teco Group of Taiwan have recently set up a joint venture to build the Teco - SaigonTel Software Park in Ho Chi Minh City with a total investment capital of US$500 million for the first phase.

The park is expected to be built in District 2 and the hi-tech park in District 9 with a total area of 30 hectares for two phases. It is expected to attract small and medium-sized and foreign companies, operating in software design and outsourcing. Teco is the owner of the NanKang Software Park on 10 hectares in Taipei, which has revenues of US$10 billion each year.

T.Nga