Want to be in the loop?
subscribe to
our notification
Business News
SOFTWARE PARK ALLIANCE APPROVED
The first QTSC was built in HCM City's District 12 more than 13 years ago.
Other software parks include QTSC 2, which is now waiting for land allocation, as well as an IT park at Viet Nam National University in HCM City's Thu Duc District, a VNPT complex in District 10, and an IT park at HCM City University of Technology.
The PM said that other Quang Trung Software City parks had been approved for Da Lat in the Central Highlands province of Lam Dong and the northern province of Nam Dinh.
The Quang Trung Software City alliance will at first include two members, the QTSC in District 12 and the National University of HCM City IT Park in Thu Duc District.
The alliance can receive other members such as centralised IT zones, software and IT parks, among others.
All the parks in the alliance will be expected to follow the standards of the first QTSC.
The alliance will benefit from a Government Decree that regulates incentives for investment in centralised IT zones, which went into effect in January.
A centralised IT Zone focuses on research and development, training, production and sales of IT products and services, providing IT services to organisations, businesses, and other activities related to IT.
Under the decree, organisations and enterprises in a centralised IT zone will receive preferential tax, investment credit and customs procedures.
In addition, businesses will be exempt from import duties on goods used as fixed assets and for production activities.
According to PM Dung, creating such an alliance would be significant to the city's development in science and technology, especially IT.
There are 120 companies with total registered capital of VND2.4 trillion (VND2,441,029 million) operating in the QTSC.
They are involved in software, IT services and human resource training, including four leading global companies: HP, IBM, KDDI, and HITACHI and 10 others nominated among the top 50 companies in the country.
The companies employ 18,260 people and last year had combined revenue of VND4,904,350 million, a surge of more than 30 per cent year on year.
QTST has attracted substantial investment from leading firms in the industry and become a model that could be expanded elsewhere in the country.
It has spurred economic restructuring in the city by promoting the role of the knowledge-based economy with high-quality and added-value products and services.
Source: VIR
Related News
VIETNAM ECONOMY INVESTMENT
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS JUMP NEARLY 30% IN JANUARY
Vietnam’s exports of agricultural, forestry and fishery products surged nearly 30% year-on-year in January 2026, driven by strong growth across major commodity groups and key export markets, according to the Ministry of Agriculture and Environment. Export turnover for the sector in January is estimated at nearly US$6.51 billion, up 29.5% from the same period last year, the ministry said at a regular press briefing on February 5.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN JANUARY OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
MEMBER CORNER / PROMOTIONS
PHUC VUONG DISTRIBUTES "TET REUNION" GIFTS: SENDING LOVE TO THE CONSTRUCTION SITES
On the afternoon of February 6th, amid the busy year-end atmosphere, Phuc Vuong Company organized the "Tet Reunion – Spring Connection" gift-giving event right at the construction site. This annual activity aims to honor the "dream builders" who have dedicated themselves to the company's growth. The General Director was present to personally express his sincere gratitude and hand over meaningful Tet gifts to the workers.
HOSPITALITY / TOURISM / ENTERTAINMENT
INTERNATIONAL ARRIVALS TO VIETNAM REACH NEW MONTHLY HIGH
International arrivals to Vietnam hit a new monthly record in January 2026, rising 21.4% from the previous month and 18.5% year-on-year, according to the National Statistics Office. Air travel continued to dominate, accounting for nearly 80% of all arrivals. Arrivals by land nearly doubled compared with the same period last year, while sea arrivals rose by about 30%, though they remained a small share.
PROPERTY / INDUSTRIAL ZONE
HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS
HCMC has approved 28 out of 30 proposed land plots for pilot housing developments, covering a combined area of more than 750,600 square meters, according to a newly adopted resolution. The approved sites are spread across multiple wards and communes, with a strong concentration in the city’s southern and eastern areas.
VIETNAM ECONOMY INVESTMENT
VIETNAM SEES STEADY FDI DISBURSEMENT BUT SLOWER EXPANSION IN JANUARY
Foreign direct investment (FDI) disbursement in Vietnam rose in January, while newly registered capital fell sharply, pointing to stable project implementation but slower investment expansion. Data from the Ministry of Finance showed that January FDI disbursement increased 11.26% year-on-year to US$1.68 billion, reflecting continued execution and expansion of existing foreign-invested projects.
Events Sponsors
