During the 2021-2025 period, Da Nang strives to attract US$1 billion in investment capital to High-Tech Park, Centralised Information Technology Park and industrial parks. To achieve the goal, the city will increase investment attraction as well as speed up the construction of industrial zones and clusters.

The city is targeting to boost investment attraction and support, especially investment in industrial parks. IN PHOTO: A corner of the Da Nang High-Tech Park located in Hoa Lien Commune, Hoa Vang District seen from above. Photo: M.Q

Investment attraction in High-Tech Park

After work started on the US$20 million KP VINA aviation components factory in the Da Nang Hi-tech Park in late January, the South Korea-based KP Aero Industries Co., Ltd continues to recruit personnel, speeding up the project progress.

The company representative said that they had been informed about the decision to exempt and reduce land rental fees in the High-Tech Park, along with other legal procedures.

The company has already recruited graduates from the University of Science and Technology under the University of Da Nang and other engineers. At the same time, it affirmed that human resources trained at educational establishments in the city can fully meet its development needs in the coming time.

Similarly, the development of human resources is also a great concern of the Foxlink Da Nang Electronics Co., Ltd. because of its future need of up to 5,000 employees.

On February 20, Mr. Lin Kofan from the company, signed an cooperation agreement in human resource training for the local hi-tech field with a representative of the city-based Dong A University.

Mr. Lin Kofan said that Da Nang is the focus point in Southeast Asia where the company will expand its business and production scale. The factory was built in the Da Nang High-Tech Park with an initial investment of US$28 million and is expected to have a scale equivalent to the factory in Huanan, China.

Currently, preparatory works for factory operation in Da Nang are basically completed, and all machinery and equipment are transported to Da Nang. In the first phase of operation, the factory will produce equipment to serve the Tesla Corporation and then Microsoft Corporation, both in the US.

Mr. Tran Van Ty, Deputy Head of the Authority of Da Nang High-Tech Parks and Industrial Parks, said that the Authority has commented on the content of task documents and a project on building the Foxlink Da Nang Electronics Factory at a scale of 1/500.

Since the beginning of the year, the authorities at all levels have issued construction permits for 9 projects; checking completed work items of 3 projects; and making feasibility study report on investment and construction of 3 projects.

Importance has been attached to receiving and supporting many domestic and foreign investors to learn about the investment environment in High-Tech Park, Centralized Information Technology Park and industrial parks (IPs) such as the United Perpformance Metals Group (Singapore), the DVL - IPT Investment and Trade Promotion JSC, and the Dynacard Group.

Also, the Authority has organised investment attraction and promotion activities in the US and Taiwan (China).

Between 2021 and 2025, Da Nang strives to attract US$1 billion in domestic and foreign investment capital into the High-Tech Park, Centralised Information Technology Park and industrial parks. IN PHOTO: Production activities at the Universal Alloy Corporation Vietnam Co., Ltd. based in the High-Tech Park, Hoa Vang District. Photo: M.Q

Speeding up construction progress of new industrial zones and clusters

The Authority of the Da Nang High-Tech Park and Industrial Parks has recently chaired and coordinated with some consulting units to develop bidding documents and criteria for selecting investors for the Hoa Cam Industrial Park - phase 2 project according to regulations.

Based on the comments from the units, the Authority will complete the dossier and advise the municipal People's Committee to release an official dispatch to seek opinions from the Ministry of Planning and Investment and other relevant ministries.

As for the Hoa Ninh Industrial Park project, the Authority has proposed the municipal People's Committee consider and choose to approve the investment policy, and at the same time approve the project’s investor according to the provisions of Clause 4, Article 29 of the Investment Law 2020.

After the adjusted zoning plan of the Hoa Nhon Industrial Park is approved, investors will be selected and the technical infrastructure of the Industrial Park will be built according to regulations.

In the coming time, the Authority will continue to review and handle projects in the High-Tech Park that have been licenced but have yet to be implemented or have been delayed in implementation.

According to Mr. Nguyen Van Tru, Deputy Director of the Department of Industry and Trade, in the coming time, the department will submit to the municipal People's Committee for approval and publicising criteria for selecting investors to build technical infrastructure of the Hoa Khanh Nam and Hoa Nhon industrial clusters.

Previously, the department had reported to the municipal People's Committee on adjusting the investment policy of the Hoa Lien Industrial Cluster.

At the regular meeting of the municipal People's Committee on March 2, delegates agreed with the department's proposal on a set of criteria for selecting investment organisations, production and business in the Cam Le Industrial Cluster.

Reporting by M.QUE - Translating by M.DUNG