evidoria

← Back to browse

Good practice Imported

Quang Trung Software City — Vietnam's Anchor Tech Park at 25 Years

Vietnam · Ho Chi Minh City · See the Vietnam profile · See the Ho Chi Minh City profile

Evidence: Descriptive / self-reported Top 34% 76/100 · Ask Evidence Copilot about this practice

Ho Chi Minh City's first software park has grown over 25 years into Vietnam's largest tech cluster — 121 IT firms at 90% occupancy, ~22,000 workers and students, and cumulative revenue of VND138,000bn (~US$6bn), including US$4.35bn in exports.

138,000 VND billion (~US$6bn)
Cumulative revenue (2000-2025)
4.35 US$ billion
Cumulative exports
121 firms
Resident IT enterprises (2025)
90 %
Site occupancy
22,157 people
Employment and education
6,600 VND billion
Private capital drawn
650+
IT products and solutions produced
Quang Trung Software City — Vietnam's Anchor Tech Park at 25 Years

Details

Maturity
Established
Promoter
Quang Trung Software City Development Co., Ltd. (QTSC)
Period
2000-2025
Keywords
software, IT services, digital technology, business incubation, technology park

Context

Quang Trung Software City (QTSC) is Vietnam's first dedicated software park, established by Ho Chi Minh City's leadership in 1999-2001 on the site of a former military exhibition ground. It was seeded with roughly VND200 billion in state capital plus design support from the US Trade and Development Agency, and built on a model of anchoring public land and infrastructure to draw in private tenant investment.

Results

Twenty-five years on, QTSC occupies 43 hectares at 90% occupancy and hosts 121 IT enterprises — six of them employing over 1,000 staff each — alongside seven training centres and a college. Resident firms have produced more than 650 IT products and solutions and generated cumulative revenue of VND138,000 billion (about US$6 billion), including over US$4.35 billion in exports. The park has drawn roughly VND6,600 billion in private capital on top of its initial state investment and today employs or educates about 22,157 people.

Conclusions

QTSC's anchor-land-plus-private-capital model has been the reference point for newer software-park projects in Ho Chi Minh City, though none has yet matched its scale. No independent gender, disability or income-equity data on the resident workforce is published by QTSC or in available coverage.

Implementation
Indicative cost
High (€500k–€5M)
Time to results
Long (> 3 years)
Staffing & skills
Quang Trung Software City Development Co., Ltd. (QTSC), Ho Chi Minh City government (initial state seed capital), on-site college and seven training centres

Conditions for success

  • anchoring the park on public land and state-funded core infrastructure before opening it to private tenant investment
  • combining IT enterprise tenants with on-site training centres and a college to build a local talent pipeline
  • sustained multi-decade public ownership/operation providing continuity for private investors

Commonly funded by

National / regional programmes Own resources / municipal budget

Indicative funding routes for practices of this type — always check each programme's current calls and eligibility rules.

Do you run this practice? Claim it — verified implementers get a public contact pathway and can propose corrections.

Data sources

Where this practice's information was retrieved from, and when.

Attachments

Similar practices you may find useful