To date, the Da Nang Hi-tech Park, which encompasses Hoa Vang District’s Hoa Lien and Hoa Ninh communes, has attracted a total of 8 FDI and domestic projects totalling 187 million US$.  Of these, 3 are Japanese-invested projects involved in the manufacturing sector.

A view of Japan-invested Tokyo Keiki Precision Technology Company at the Park

These 8 projects now cover a total area of 24.5ha of land at the 350ha Park, equivalent to 7% of the total area.  

The figures were officially recently released by the Park Authority.

Mr Doan Ngoc Hung Anh, Deputy Head of the Park Authority, remarked that this year is likely to have seen many improvements in the attraction of domestic and FDI inflows into the Park. 

The positive result has been attributed to the Park Authority’s effective measures in promoting infrastructure development, providing active support for businesses operating there, and advertising the allure of the venue.

A large number of leaflets and brochures, all featuring the Park’s attractive investment environment, have been widely distributed during the recent 2017 APEC Economic Leaders’ Week.

The Park Authority’s official website at http://dhtp.vn, featuring versions in Vietnamese, English, South Korean, and Japanese, has been operating effectively.

Furthermore, the publicity of the Park has been promoted in the mass media, especially domestically and internationally renowned press agencies.

However, the leaders of the Park Authority, pointed out to the fact that, the number of FDI projects at the Park is now still modest, in comparison with similar venues in some other central regional localities, and the country as a whole.  This demonstrates that the Park’s great investment potential has yet to be fully tapped. 

In his remarks, the Head of the Park Authority, Mr Phung Tan Viet, noted that the Park has yet to attract well-known global brands which, in turn, will help to inspire more foreign investors to pour their money into this venue.

Last, but not least, the current shortage of support industries and hi-tech research activities are also amongst the barriers to the Park’s investment attraction.

In attempt to address these matters, the Park Authority is now focusing on promoting infrastructure development, perfecting its preferential investment attraction policies, whilst accelerating the publicity of the site’s attractive investment environment.

With regard to research and development (R&D) activities, the Park has already entered into cooperation agreements with South Korea's Hanbat National University and VINITI (All-Russian Institute for Scientific and Technical Information).  These foreign partners are expected to assist the Park to promote its business incubation programmes, as well as to develop its high-quality human resources and scientific research activities.

Since the start of this year, representatives from the Park Authority have taken successful oversea business trips to such countries as France and Germany in a bid to appeal for even more investment inflows in the Park.  Notably, Bekaert, Telespazio France, FM Logistics, QuantCube Technology and other prestigious businesses have pledged to seek investment opportunities in the Park.

In an effort to appeal for more foreign investors, importance will be attached to cooperating with international organisations from Japan, South Korea, the UK, and other European countries to enhance investment promotion activities in these major markets.

By April 2018, the construction of main and secondary entrances to the Park, along with guard houses, internal roads and fence surrounding the venue, will have been completed.  In particular, a nearly 122 billion VND incubation centre will be established there.