Data released at the workshop on November 10 shows that these parks attracted investment from large domestic and foreign IT firms. They raked in more than US$200 million in revenue for the software industry, compared with the industry’s total earnings of $1.6 billion in 2015. Nguyen Thanh Hung, deputy minister of information and communications, said the parks’ effect on the software industry was, however, not yet as significant as expected. The failure is attributable to various causes, including modest investment from the State and society and poor implementation of support policies targeting these parks. Some VND40-60 billion ($1.8-2.7 million) in initial support will be provided for each park to help them attract investment.

Source: The Nation Bangkok November 17, 2016 11:29 UTC