Over recent years, Da Nang’s industrial sector has made outstanding breakthroughs, especially the deployment of large-scale hi-tech projects with great added value which help to drive production in sustainable and environmentally - friendly manner.

Projects operating in the Da Nang Hi-tech Park are expected to give a boost to the city’s industrial production. In the picture is a view of the Hatsuta Automatic Safety Solutions Co., Ltd. in the park

Established in 2010, the 8,841 billion VND, 1,128.4 ha Da Nang Hi-tech Park has maintained on its great mission to leverage production-research-development activities in a bid to improve Da Nang’s economic competitiveness and vitality.  This is Viet Nam’s third multi-functional hi-tech park, after the Ha Noi-based Hoa Lac Hi-tech Park and the HCM City-based Hi-tech Park.

Recent years have seen a growing number of FDI projects in hi-tech industries with a significant rise in highly- skilled workforce. Focus has been on fostering innovative activity and technology transfer, and hi-tech enterprise incubation programmes, helping drive the development of innovation-based industries in the Central Viet Nam and Central Highlands. 

Till date, the Da Nang Hi-tech Park has attracted 21 projects, of which, 11 are domestically-invested ones worth about 242 million US$ in total, whilst the rest are FDI ones totalling more than 400 million US$. 

Six projects have been put into operation to date, whilst the remainder are currently getting underway.

Between January and July, Da Nang attracted 62 new FDI projects worth a combined total of more than 120 million US$, bringing the city’s total FDI project numbers to  867 till date with a total registered capital of about 3.518 billion US$.

Da Nang’s remarkable success in attracting FDI amid the coronavirus crisis affirmed the city’s position as the top spot for FDI in Central Viet Nam and Central highlands, according to the Foreign Investment Agency of the Vietnamese Ministry of Planning and Investment.

In the first half of this year, the total revenue generated by businesses operating in the Da Nang Hi-tech Park, mainly FDI companies, reached 2,822 million US$, whilst their combined value of exports and imports hit 2,822 million US$ and 197,100 US$, respectively.

Under the Politburo-issued Resolution No 43-NQ/TW regarding the city’s development to 2030 with a vision to 2045 dated 24 January, 2016, hi-tech, tourism and marine economy are the three biggest pillars of Da Nang's economic growth.

With this advantageous premise, in the coming time, the priority will be given to attracting FDI inflows into such aspects as ICT, digital, nano-engineering, bio-industry, hi-tech, and research and development (R&D) projects

The city is striving to reach a number of its own targets regarding hi-tech progress steps in the time ahead.  In details, over the 2020 – 2025 period, at least 3 projects worth over 100 million US$ each will be deployed in the Hi-tech Park, and this park’s contribution will have accounted for at least 10% of the city’s gross regional domestic product (GRDP) by 2025.

By 2030, the Da Nang Hi-tech Park will be on par with the Ha Noi-based Hoa Lac Hi-tech Park and the HCM City Hi-tech Park, thereby turning itself into the major driver of the socio-economic growth of the whole Central Viet Nam and Central Highlands regions. 

Actually, these above-mentioned orientations will create many challenges for the city, including how to penetrate more deeply in the global value chain and attract more internationally renowned brands- invested projects in hi-tech industries in the time to come.

According to Head of the Authority of Da Nang’s Hi-Tech Park and Industrial Zones Pham Truong Son, his unit will put forwards the expansion of the Da Nang Hi-tech Park under the adjustments to the city’s master plan for major developments to 2030, with a vision to 2045, and map out plans to earmark land resources for large-scale   projects mainly involved in hi-tech products.

In his perspectives, Director of the municipal Department of Industry and Trade Nguyen Ha Bac affirmed it is essential to create practical and effective breakthroughs in support industries to leverage hi-tech progress.

By KHANH HOA- Translated by A.T