Da Nang invests in infrastructure of hi-tech park
Da Nang has invested 363 billion VND (16 million USD) to complete the 2nd-stage infrastructure for the 1,010ha Hi-Tech Park in Hoa Vang District, which is 20km west of the city.
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| A corner of Hi-tech Park |
The park’s managing board said the fund will be used for construction of series of traffic, waste water treatment, lanes, land clearance, bridges, parks and water supply system projects.
The city aims to create ‘clean’ land, working shops and available infrastructure for investors in the years ahead.
Last year, the city granted an investment licence to the Da Nang Pharmaceutical Joint Stock Company (Danapha)’s first nano-technology and biotech project, with an investment capital of 1.5 trillion VND (67 million USD) in the park.
Two Japanese companies, Tokyo Keiki Precision Technology Inc and Niwa Foundry, with a total investment of 62 million USD, were the 1st investors since the park opened in 2013.
In 2015, Tokyo Keiki Precision Technology Inc inaugurated its first plant outside Japan on a 30ha site at the park with a capacity of 50,000 digital directional valves per month for the Asia-Pacific region.
Da Nang will exempt 100% land rent for infrastructure, research, training and housing project.
According to the latest reports, the city has so far attracted 423 foreign direct investment (FDI) projects worth 3.68 billion USD.
FDI enterprises earned revenues of 776 million USD - of which 522 million USD came from exports - and contributed 112 million USD to the State budget in 2015.
(Source: VNS)