The Da Nang government granted investment licences and investment policy decisions to 27 domestic and foreign direct invesment (FDI) projects totalling more than USD 5.6 billion at the Da Nang Investment Forum 2022 which took place on Saturday afternoon.

In detail, licences were granted to 15 projects with a total investment capital of around VND 8,505 billion (equivalent to USD 369.8 million).

Prime Minister Pham Minh Chinh and Da Nang’s leaders handing investment licences and investment policy decisions to domestic and FDI projects.

Among these projects are 9 ones with total investment capital of around VND 4,033 billion VND, equivalent to USD 175.3 million that are located in the Hi-Tech Park, Industrial Parks (IPs) and Dedicated Information Technology (IT) Park. Included are Intex Technologies’s Da Nang Manufacturing Facility, a project developed by the Dana Logistics Joint Stock Company in the Expanded Hoa Khanh IP, the Long Thanh Plastic Factory located in Lien Chieu IP, the surface-mount technology (SMT) assembly and manufacturing plant, and the US company Vector Fabrication Inc’s Micro-Electro-Mechanical Systems (MEMS) and printed circuit board (PCB) factory.

Prime Minister Pham Minh Chinh and Da Nang leaders along with honourees who were chosen for their large investment projects in the city, the completion of their projects ahead of schedule, and their dedication and commitment to the city’s investment promotion activities.

Besides, there are six projects with total investment capital of about VND 4,472 billion (equivalent to USD 194.4 million that are located ouside the city’s IPS. Included are Summit Hoai Thanh Apartment Project, Cargo terminal Construction Project at the Da Nang International Airport, and Nguyen Kim Complex Building Center.

Da Nang Party Committee Secretary Nguyen Van Quang (right) and muncipal People’s Committee Chairman Le Trung Chinh (left) handing investment licence to a project developer.

Furthermore, investment policy decisions were awarded to 12 projects with a total investment of close to USD 5.2 billion.

In detail, among these projects are 4 ones worth USD 233.7 million in total that are located  in the Hi-Tech Park, IPs and Dedicated IT Park. Included are approvals given to seeking investment opportunities in the city in such fields as seaports, IPs, port urban areas, and logistics services, contributing zoning planning ideas for Hoa Phong Urban Area Project, Hoa Lien and Hoa Ninh areas in the High-tech Subdivision, Hoa Vang District.

Besides, there are 8 projects totalling over USD 5 billion that are located outside IPs. Included are a Memorandum of Understanding (MoU) on developing Aeon Mall in Da Nang, and another one between the city and Vietjet Aviation Joint Stock Company on promoting tourism and aviation development in the 2022-2026 period.

To mark this occasion, 11 organizations and businesses were honoured at the Da Nang Investment Forum for their large investment projects in the city, the completion of their projects ahead of schedule, and their dedication and commitment to the city’s investment promotion activities.

Reporting by THANH LAN – MAI QUE – VAN HOANG – Translating by H.L