Around 43 million US$ industrial property project for lease will be developed at the Da Nang Hi-tech Park. The project covers an area of 29.6ha, and it is the first of its kind to be developed in this Park.

Chairman Tho (2nd left) and Vice Chairman Minh (2nd right) witnessed a signing ceremony between representatives of the Long Hau Company and Japan’s Hatsuta Seisakusho Company

The announcement was made by the Da Nang-based Long Hau Joint Stock Company at a ceremony which was held in the city on Monday. The event were presented by municipal People’s Committee Chairman Huynh Duc Tho, municipal People’s Committee Vice Chairman Ho Ky Minh, and Chairman of the Japanese Business Association in Da Nang Satoru Takizawa.

Work is expected to start on this project in the fourth quarter of this year. 

The project will feature ready-built factories, each of which covers between 500 and 3,300m², and offices. They all are equipped with synchronous infrastructure and advanced equipment.

In addition to the ready-built facilities, the Company will earmark 20 ha of the project to construct built-to-suit, and multi-storey factories, in order to meet the diversified requirements of tenants.

In his remarks at the event, municipal People’s Committee Vice Chairman Ho Ky Minh affirmed that the hi-tech industry is considered as one of the city’s priority aspects. Therefore, the focus will be on attracting qualified human resources from both home and abroad into the Hi-tech Park to help spur growth of the city’s science and technology sector.

Vice Chairman Minh noted nearly 400 ha of the Hi-tech Park are now available for lease. To date, 15 projects, worth around 400 million USD in total, have been granted investment licences by the Authority of the Park.

Also at the event, representatives of the Long Hau Company and Japan’s Hatsuta Seisakusho Company signed a 6,000m² ready-built factory lease agreement. Following the signing of the agreement between the two companies, the Japanese company will operate its over 2.6 million USD project on its leased industrial property.