The 440,000 sq.m park will focus on producing software and chips and training, human sources, as well as promoting trade and investment in high technology and house and office leasing.

The project is expected to attract 4-5 large foreign hi-tech firms by 2017 with a workforce of 3,500 engineers and programmers and another 10,000 workers. It is estimated to cost US$610 million.

In addition to capital attraction and technology transfer, the project is to focus on the training of high skilled workers for supply to the Japanese market.

At the ceremony, in the presence of Deputy Prime Minister Hoang Trung Hai, representatives from the Vietnam-Japan Powersource Corp. (VIJA), the Quang Trung Software Park and the local authorities signed an agreement on the provision of telecommunication infrastructure, and transfer of experiences in IT and cooperation in Japanese language training.

On the same occasion, the VIJA handed a donation of VND200 million to the pro-poor fund of the city’s District 2.