15:16 | 18/03/2016 Companies
The Ho Chi Minh City-based Quang Trung Software Park on March 16 celebrated its 15th founding anniversary as Vietnam’s first and most successful software centre.
The Quang Trung Software Park
The park is currently housing 120 software firms with more than 18,000 employees, compared with 21 companies and 250 employees when it was founded in 2001.
Among companies based in the Quang Trung Park, four are among the world’s leading companies and ten are among Vietnam’s top 50 companies.
After 15 years in operation, the park has attracted investments worth more than VND8 trillion (US$360 million), which means each dollar from the government has attracted 33 dollars from investors.
Revenues by companies in the Quang Trung Software Park reached nearly VND5 trillion (US$225 million) in 2015, a 200-fold increase compared with the 2001 figure. Tax payments by these companies last year were estimated at VND470 billion (US$21.15 million).
From the success of this model, the prime minister has decided to replicate software parks throughout the country./.