Construction starts on Hoa Nhon Industrial Park in Da Nang
With an investment of 285 billion VND (11 million USD), this is the very first item for the approved Industrial Support Complex in the city’s master plan for 2021-2030.
Da Nang (VNS/VNA) - Local investor Sai Gon - Da Nang Investment JSC (SDN) has started construction on the Hoa Nhon Industrial Park (IP), located on 24.75ha in the central city of Da Nang.
With an investment of 285 billion VND (11 million USD), this is the very first item for the approved Industrial Support Complex in the city’s master plan for 2021-2030.
Local authorities said the Hoa Nhon IP was designed as one of the ‘green’ and ‘clean’ parks with an aim of attracting hi-tech and environmentally-friendly industries.
The Hoa Nhơn IP is designed for a variety of industries including electronics, metal processing, garment and leather, wood, equipment, machine manufacturing and supporting industry sectors.
SDN, a member of Sai Gon Investment Group, has been investing in major industrial park infrastructure projects in central Vietnam since 2005, including Nhon Hoi in Binh Dinh, Sai Gon Chan May in Hue and Lien Chieu and Hoa Khanh Expanded IP in Da Nang.
The firm is also currently developing four urban residential projects, including Dragon City and Bau Tram Lakeside, in the central city.
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