Da Nang raises investment in Software Park No. 2 to 1.4 trillion VND

The Da Nang Municipal People’s Council on October 30 approved raising the total investment for phase 1 of Software Park No. 2 to over 1.4 trillion VND (55.35 million USD).

Da Nang increases total investment in Software Park No. 2 to 1.4 trillion VND.

According to the Da Nang People’s Committee, the project is part of the city’s key economic and social growth initiatives in the 2021 – 2025 period, aiming to attract domestic and international investment, particularly in information technology.

The project will facilitate businesses’ access to government policies, support the incubation of new startups, and help promote and expand the IT market.

The Da Nang People’s Committee has proposed adding essential facilities to fully develop Software Park No. 2. This addition requires a budget of over VND 414 billion, bringing the total investment to more than VND 1.4 trillion from the city’s funds.

The park started in October 2020 with nearly 1 trillion VND in funding and is considered public property, as it is funded by the city’s budget.

On October 22, the Prime Minister approved the expansion of Software Park No. 2. The park, located in Thuan Phuoc Ward, Hai Chau District, will be expanded by 28,573 m2 and operate under the regulatory framework for concentrated IT zones per Decree No. 154/2013/ND-CP.

NDO