Da Nang expects to attract at least 10 new investment projects in total into its Hi-tech Park by 2020, including one major project of a multinational hi-tech company.

Da Nang is now home to 6 industrial parks accommodating 446 investment projects (Photo: VNA)

The target is set in the city’s plan on industrial development until 2020. Under this plan, the city will attract a total of 2 or 3 leading IT firms in the world.

Chairman of the municipal People’s Committee Huynh Duc Tho said Da Nang has favourable mechanisms for hi-tech industry projects. It will assist projects in the supporting industry, machinery manufacturing, car and transport vehicle production, consumer goods with high added value, and environmental industry.

The city is willing to welcome projects which save natural resources and fuel, use clean technologies, and create consumer-safe and eco-friendly products. Meanwhile, projects consuming much energy, using outdated technologies and posing high risk of environmental pollution will be rejected.

To attract hi-tech projects, Mr Tho stressed that Da Nang is appealing for investment in developing infrastructure, training and research establishments, and hi-tech business incubators. It is also hastening procedures for the foundation of new industrial parks and clusters.

The municipal authorities have assigned relevant agencies to devise policies to support businesses in manpower training, he added.

Da Nang is currently home to 6 industrial parks accommodating 446 investment projects. The Da Nang Hi-tech Park has attracted 7 projects with a total investment capital of 157.6 million USD.

(Source: VNA/ DA NANG Today)