Work begins on HOSE data centre
(VOV) - Construction of a data backup centre for the Ho Chi Minh Stock Exchange (HOSE) in Quang Trung Software Park got underway on May 3.
The nine-storey centre will cover 5,000 square metres and is being built at a cost of VND 300 billion (US$14.3 million). Its total floor space will be 16,000 square metres when it is fully operational.
According to Chairman of the HOSE Board of Directors, Tran Dac Sinh, this will be the largest and most up-to-date data backup centre in Vietnam, which will help the stock market operate stably. build domestic and foreign investors’ confidence, and make the HOSE a modern stock exchange comparable to others in the region and the world.
Nguyen Thi Hong, Vice Chairman of HCM City People’s Committee, said that the centre will also be an architectural highlight of the Quang Trung Software Park and contribute to the modern image of the city’s high-tech zone.