As one of the three hi-tech parks in the country and the only one in Central Viet Nam, the Da Nang Hi-Tech Park located in Hoa Vang District’s Hoa Lien Commune is identified as an important infrastructure to contribute to positioning Da Nang as a hi-tech centre. Therefore, implementing solutions to attract investors to the Hi-Tech Park, thereby creating spillover effects and connecting modern manufacturing industries, is a major task.

Implementing solutions to attract investors to the Hi-Tech Park is one of the city's important tasks. Photo: MAI QUE

In late November 2024, the Authority of the Da Nang Hi-Tech Park and Industrial Zones held a ceremony to hand over the decision approving the investment policy for the ICT Vina III Factory project invested by ICT Vina Co., Ltd. under South Korea’s Dentium Group. The project has a total registered investment capital of US$177 million, equivalent to more than VND 4,458 billion.

This is the third project that has been invested by ICT Vina Co., Ltd. in the Hi-Tech Park. In 2018, the company was licenced to invest in the ICT Vina Factory project with a total registered investment capital of US$20 million.

In 2020, the company continued to be licenced to invest in the ICT Vina II Factory project worth US$ 60 million. Thus, the total investment capital of the company's 3 projects is US$ 257 million, becoming the enterprise with the largest investment scale in the Hi-Tech Park to date.

After six years of operation in the Hi-Tech Park, the ICT Vina Co., Ltd. has researched and developed tech products to serve specific medical needs in the dental field such as CT and CAD/CAM scanners, CAD/CAM lathes, grinding motors used in dentistry, artificial teeth implants, and dental chairs (with or without dental equipment).

Head of the Authority of the Da Nang Hi-Tech Park and Industrial Zones Vu Quang Hung (left) giving a decision approving an investment policy for the Vina III ICT Factory project invested by Vina ICT Co., Ltd. under Dentium Group (South Korea). Photo: MAI QUE

Mr. Hwang Sung I, Deputy Director of the ICT Vina Co., Ltd., said that when investing in Da Nang Hi-Tech Park, the company received many incentives in terms of tax, land rental fees, good infrastructure and abundant human resources. The company will promptly implement investment procedures to build ICT VINA III Factory according to the set plan, striving to put it into production soon.

At the same time, the company will appeal for more hi-tech experts at home and abroad to Da Nang, as well as implement training activities to improve professional capacity, thereby contributing to improving scientific research activities in the city.

Having operated in the Hi-Tech Park for more than 5 years, the Universal Alloy Corporation (UAC) Vietnam Co., Ltd. has reached a staff size of more than 900 people and is still recruiting many positions to prepare for the next phase of the Sunshine Aerospace Components Factory project.

Mr. Truong Hoang Nguyen, CEO of UAC Vietnam, said that the company always aims for a high-quality, efficient workforce with good foreign language skills to integrate into the global aviation supply chain.

It can be said that the human resources in the Central region in general and Da Nang in particular have recently met the requirements of the parent corporation Montana Aerospace (USA). The company continues to coordinate with training facilities in the city to support students in terms of skills as well as create an environment for practice and improvement of skills for newly graduated engineers.

Mr. Vu Quang Hung, Head of the Authority of the Da Nang Hi-Tech Park and Industrial Zones, assessed the Vina ICT Factory as one of the city’s key projects during the 2020-2025 period according to the project "Overall development of Da Nang Hi-Tech Park to 2030" in Decision No. 4621/QD-UBND dated October 14, 2019 of the municipal People's Committee.

With the foundation of experience and financial capacity of the investor, as well as mastery of technology, the construction progress of the project is expected to be completed on schedule and promote efficiency, creating a strong spread to businesses in the Hi-Tech Park in particular, as well as the city’s investment environment in general.

At present, the occupancy rate in the Hi-Tech Park is over 50% and the Authority will continues to coordinate with related units to expand and reserve land for production. With the readiness of infrastructure, human resources, and attraction policies, the Authority will concentrate on attracting investors in the high-tech and semiconductor sectors to the High-Tech Park.

Reporting by MAI QUE - Translating by M.DUNG