FPT to invest in technology urban area projects

FPT Corporation, Vietnam’s leading IT company, has shown its interest in developing technology urban areas across the country.

FPT City Danang JSC, an FPT subsidiary, on Tuesday held a groundbreaking ceremony for a series of projects totaling VND2,600 billion ($112 million) in the FPT Danang technology urban area, Ngu Hanh Son district, Danang city.

Capitalized at $19.4 million, phase 3 of the FPT Complex project will be developed on a 5,000-square-meter plot of land with six stories and be completed at the end of 2022.

A four-storey data center, worth $21.5 million, will be built on an area of 1,500 square meters, providing 200 racks. The FPT University Danang project will start phase 2 construction soon with $21.5 million in investment capital.

Other projects include FPT Plaza 3 Apartment Building, Square and Central Park, with a total investment of more than $51.7 million.

The projects reflect FPT’s commitment to transforming Danang into an ecological, modern, smart, and livable city, as well as developing a civilized and ecological living environment for inhabitants of the FPT Danang urban area.

It will also create a modern working environment in the field of IT and software development, as well as intensive training of IT human resources.

“With the goal of making Danang a high-class science and technology center, FPT has developed a strategy and devoted significant resources to invest in many programs and projects in the city, including the FPT Da Nang technology urban area project, Centralized IT Zone in FPT Complex, and digital transformation cooperation programs,” said Nguyen Van Loc, CEO of FPT City Danang JSC.

FPT's investments have demonstrated that the FPT urban area may be deemed a “Silicon Valley” that would benefit not only Danang but also the central region and the Central Highlands in future, according to Ho Ky Minh, Standing Vice Chairman of Danang People's Committee.

The corporation in March proposed to develop three complex projects in the south-central province of Khanh Hoa that will include technology facilities, housing areas, resorts, and services.

The first project contains a technology, education and urban area in Phuoc Dong and Vinh Thai communes, Nha Trang town.

The second consists of a digital transformation training center, vocational colleges, urban areas, resorts, service facilities, amusement parks and an international sports center. It will cover 350 hectares in the Tuan le-Hon Ngang area of Van Phong Economic Zone (EZ).

The third project, 350 hectares, will be in the Ho Na-Mui Doi area of Van Phong EZ, including an 18-hole golf course, a resort for senior experts, a high-end urban area, an entertainment area, a community area, a marina and an international water sports center.

FPT has implemented many large-scale projects across the country like the 1,600-hectare Hoa Lac Hi-tech Park in Hanoi, the 181-hectare FPT urban area in Danang and the 240-hectare FPT Tam Ky-Quang Nam technology, education and urban area in nearby Quang Nam province.

In May 2020, the company began building a data center in Ho Chi Minh City's District 9. The eight-storey center is developed on an area of 10,000 square meters, providing 3,600 racks.

It was considered Vietnam’s largest data center at that time and was set for completion by the first quarter of 2021. However, construction has not been finished and FPT has not updated project timelines.