Want to be in the loop?
subscribe to
our notification
Business News
DA NANG READY TO ATTRACT INVESTMENT
In parallel with investment in transport infrastructure to increase connectivity, and expanding the area of industrial infrastructure to meet investors, over the years, Da Nang city has constantly strived to create an open investment environment so that Da Nang in general and its high-tech industrial zone, centralized information technology park and industrial parks in particular are really attractive destinations for domestic and international investors.
Infrastructure first
Currently, in the area of Da Nang city, there are: 1 high-tech industrial zone with an area of 1,128.4 ha, 1 centralized information technology park (phase 1) with an area of 131 ha, and 6 IPs with a total area of 1,066.52ha. The 6 IPs occupancy rate has reached 87.4%, equivalent to 807.15 ha of leased area.
Particularly, Da Nang high-tech industrial zone, established in 2010, is one of the three national multi-functional industrial zones in the country. Total planning area of the park is 1,128.4 ha with 6 functional subdivisions: Hi-tech production zone; research and development zone, training and business incubation zone; management - administrative area; key technical infrastructure works zone; logistics area, logistics and high-tech service area and residential area.
Meanwhile, the centralized information technology park attracts the IT and telecommunications industries, such as manufacturing computers, software, equipment for the post and telecommunications industries, and telephones. For Phase 1, it has basically completed the technical infrastructure. Currently, the investor is carrying out construction work in the export zone and promoting investment attraction.
However, to meet the needs of businesses and create conditions to attract investment, Da Nang city has proposed adjusting the number of industrial zones and has been approved by the Prime Minister to add 3 new industrial zones; Hoa Cam Industrial Park - Phase 2, Hoa Nhon Industrial Park and Hoa Ninh Industrial Park are expected to invest in technical infrastructure to attract investors in the 2020-2030 period.
At the same time, in order to create a land fund to attract production projects serving the high-tech industrial zone and centralized information technology park, the People's Committee of Da Nang City has also had a policy to convert the auxiliary area serving the high-tech industrial zone into a supporting industrial zone and approved by the Prime Minister to be added to the industrial zone development planning in the city.
Accumulated by the end of 2021, Da Nang Industrial Park has attracted 472 projects, of which there are 353 domestic projects with a total investment capital of VND 20270.3 billion and 119 FDI projects with a total investment capital of US$ 1193. 3 million. Up to now, Da Nang high-tech industrial zone has attracted more than 24 projects, including 12 domestic projects with a total investment of VND 6,290 billion and 12 FDI projects with a total investment capital of US$ 545.1. As for the centralized information technology park, it has attracted 4 projects, including 03 domestic projects with total investment capital of VND 1,500 billion and 1 FDI project with investment capital of US$ 30,468.
Attracting Reputable and Capable Investors
In order to strengthen investment promotion in industrial parks, the Management Board of high-tech industrial parks and industrial zones in Da Nang has proposed a number of solutions. Accordingly, in terms of industries and areas prioritized to attract investment, Da Nang will focus on attracting investment and selecting projects operating in hi-tech, advanced and modern technology-friendly industries and using clean energy, especially in the fields of information technology, production of electronic components, high technology, supporting industries in the field of mechanics and precision mechanics. Da Nang will focus on attracting investment in large projects producing export products to participate in the global value chain. Projects that are labor-intensive, use outdated technology, consume large amounts of energy or affect national defense and security are not accepted.
Regarding markets and partners, Da Nang will continue to promote international trade and investment promotion, maintain relationships to provide information for investment promotion organizations and business associations such as KOTRA (Korea), JETRO (Japan) and Amcham (USA) to effectively approach potential partners from these markets. At the same time, Da Nang will focus on mobilizing investment from large corporations of Forbes 500 and enterprises in developed countries of G7 and OECD.
For domestic direct investment, Da Nang will focus on attracting investment from large corporations and enterprises; and effectively exploit financial and technological resources from overseas Vietnamese in the fields of R&D, information technology, and high technology.
Da Nang will create an open and transparent investment environment so that Da Nang in general, and industrial parks in particular, are really attractive destinations for domestic and foreign investors.
Source: VCCI
Related News
![Card image cap](/uploads/Logo/Cathay%20%281%29.jpg)
ONE-TIME OFFER: COMPLEMENTARY CATHAY PACIFIC LOUNGE PASS
Begin your trip on the right note in Cathay Pacific’s first-ever ferry lounge, located at Shenzhen’s Shekou Cruise home port. Situated at the end of the pier, the ferry lounge offers a breathtaking 270-degree view of the sea. You can immerse yourself in sheer luxury and revel in the panoramic beauty. Catch a glimpse of Hong Kong in the distance.
![Card image cap](/uploads/news/Industrial%20Zone.jpg)
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).
![Card image cap](/uploads/news/Investment6.jpg)
VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.