The implementation of the 1^st stage of the Da Nang Hi-tech Park, which is located in Hoa Vang District’s Hoa Lien and Hoa Ninh communes, is currently underway.

Covering an area of over 1,129ha, the whole project is costing over 8,841 billion VND.  Of this, over 3,142 billion VND is from the central government budget, over 1,491 billion VND from the city budget, and the remainder is from other sources. 

Installation of drains at the site

The project is being implemented in 3 stages.  The 3,462 billion VND 1^st stage began in 2012 and should be completed by the end of this year, whilst the 2,461 billion VND 2^nd stage will take place from 2016 to 2018 and the 2,918 billion VND 3^rd stage will be added between 2019 and 2020.

According to the Head of the project's Management Board, Mr Ho Thuyen, the clearance of 328ha at the site has been completed.  A total of 1,266 families affected by the project, and 14,231 graves, have been relocated.  The technical infrastructure has been fully constructed on an area of 150ha, with the internal roads, electricity and water supply systems, and information technology infrastructure already installed.  The project’s construction units are aiming to complete the infrastructure on an area of 200ha by the end of this year in order to attract more domestic and foreign investors.

To date, the Da Nang Hi-tech Park has attracted 2 Japanese companies with a total investment capital of 61.87 million USD.

However, the project is progressing slower than expected mainly due to delays in the disbursement of capital for the project and some site clearance difficulties.