QT Software Park ranks third in Asia technology parks

Quang Trung Software City (QTSC) ranks third against eight other technology parks in Asia as per KPMG, a leading advisory company with extensive experience in strategic advisory services.

Quang Trung Soft Ware Park (Photo: SGGP)

Quang Trung Soft Ware Park (Photo: SGGP)

The benchmarking results released by KPMG have ranked QTSC 3rd out of 8 evaluated parks, based on the assessment of operational performance using indicators such as occupancy rate, quality of supporting services, on-site infrastructure.

The tenant-centered analysis has placed QTSC 4th among its peers in terms of attractiveness of FDI, number of companies located in the park, concentration rate of IT sectors, quality of human resources.

Lam Nguyen Hai Long – CEO of QTSC said the park’s market position is against techonology parks in other countries such as Dailian Software Park (China), Technopark (India), Cyberjaya (Malaysia), Cebu IT Park (Philippines). The ranking showed that QTSC is considered as a technology park with remarkable preferential policies to excel. 

Moreover, it has attracted numerous information technology companies, of which FDI companies account for nearly a half, many of them are coming from developed countries such as Japan, Germany, and the USA.
In addition to conducting a research to identify its position as well as benchmark it against other technology parks in Asia, KPMG have also conducted interviews with the management of selected companies located in QTSC to listen to their comments on the operations of QTSC, as well as to understand their development strategies.
At these interviews, most companies were satisfied with the park’s telecommunication infrastructure, value-added services, and facilities.
When asked about long term strategy for QTSC, all companies agreed that it needs to continue focusing on its competitive edge in software outsourcing, while developing other potential market segments such as high tech agriculture, artificial intelligence, smart city models.
Since it was established in 2001, QTSC has become Vietnam’s biggest software park. It is also the first technology park to receive the Information Technology Specialised Zone Certificate from the Ministry of Information and Communication.
With over 43ha of land divided into 11 subdivisions, QTSC has reached an occupancy rate of 88.2 percent in 2017. The Park is located in Ho Chi Minh City, a central location offering easy accessibility to vital Southern economic regions. It aims to become Vietnam’s IT best IT park in providing human resources and value-added services, and one of Asia’s Top 10 software parks by 2020.

By GIA QUANG – Translated by UYEN PHUONG

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