The Dodson Norwood Foundation has announced a $0.5 million grant to support the establishment of world class facilities that will attract IT firms to Vietnam.
Online PR News – 29-November-2015 – Hong Kong – The grant is provided under the e-Vietnam Project and is part of the Foundation’s Digital Jobs initiative. As a result of this grant, a new mini ICT Park will be completed, and is expected to have the potential of providing direct and indirect employment to over 10,000 people, primarily youth, who have few alternative job opportunities.
Recent research funded by the Dodson Norwood Foundation identifies access to real estate as the primary barrier to expanding the BPO sector in Vietnam, and thus hinders creation of new jobs for an increasingly unemployed youth population. This grant will help address that constraint directly by providing the funds to create a world class Facility. The proposed centre is expected to function as a mini-ICT park, whose impact is expected to move Vietnam up the ranking among the Tier 2 countries, but most importantly the IT and IT enabled services (ITES) sector is deemed most likely to absorb large numbers of unemployed and disadvantaged youth.
“As the Dodson Norwood Foundation enters its second year of our Digital Jobs initiative, we applaud the commitment for steering the hiring at this new state of the art ICT Park towards poor and vulnerable youth – which will help to achieve our ultimate goal of impacting the lives of 1 million people through digital jobs for disadvantaged youth. This project will transform the landscape of Vietnam’s IT /ITES sector while ensuring that disadvantaged youth are the ultimate beneficiaries.” said Zhu G. Xinquan, Chief Executive Officer of Dodson Norwood.
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