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Vietnam Jockeys to Become a High-Tech Player

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computer exhibition in Ho Chi Minh City

New computer products are displayed at an exhibition in Ho Chi Minh City. Vietnam hopes its information and communications industry will comprise 8-10 percent of the gross domestic product in the next ten years

Credit: VietNamNet Bridge

Vietnam plans to develop fifteen information technology parks to support the country's developing information and communication technology industry through 2020, according to a senior official from the Ministry of Information and Communications.

Deputy Minister Tran Duc Lai says that information and communication technology play a key role in the government's national economic development strategy. Lai says the parks, which will provide office space for investors and producers of software, hardware, digital content and services would help the government implement its strategy.

Lai says the new high-tech parks will offer special preferences to investors in addition to offering specific tax incentives under legislation that took force in September 2009. Vietnam already has great advantages in developing software and digital content due to labor skills and its large market size, Lai says.

From VietNamNet Bridge
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