Silicon Valley Vietnam to build in Ho Chi Minh City

　　Ho Chi Minh City’s local government is planning to develop three eastern districts of the city into an “innovative urban area” that would resemble California’s Silicon Valley.

　　According to VnExpress International, the 22,000-hectare area will see the integration of an existing hi-tech park in District 9, the university district of Thu Duc, as well as the upcoming urban and financial center in District 2 to form the first technology hub in the country.

　　The city’s home affairs department drew up the plan for the combined district – tentatively being called “Eastern Town” or “Saigon Silicon City” after the city’s former name – in the light of the country having developed into the third-largest e-commerce market in Southeast Asia and the Vietnamese digital economy being estimated to hit US$33 billion in value by 2025.

　　This success story is partly built upon a large number of tech companies setting up shop in Ho Chi Minh City, buoyed by the lower operational costs in Vietnam, as well as the ready supply of a lower-cost IT programmer and developer talent pool that has been growing in the country

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