When operational, the project is expected to provide a creative space for 10,000 computer programmers and rake in US$200 million in 2016.
Covering an area of 6.4 hectares, the village, called F-Ville, is being developed by the FPT Software Joint Stock Company. It is the largest of the seven software projects licensed at the Hoa Lac High-Tech Zone.
Minister of Science and Technology Nguyen Quan said he highly values the FPT group’s initiative to launch the project and hopes that the village will be a breakthrough for the group’s business, contributing to the country’s scientific-technological development.
Sitting on a site of 16,000 square metres, the first phase of the project costs US$48.6 million. It is expected to generate nearly 1,900 jobs.
According to FPT Chairman Truong Gia Binh, with 1,700 programmers, F-Ville is expected to help raise global high-tech groups’ confidence in Vietnam.
The village is one of the priorities of Vietnam’s scientific-technological development strategy for the 2011-2020 period.