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Da Nang lands 46.4m USD factory project

The central city of Da Nang has granted an investment licence to the first ready-built factories for rent project at the city’s Hi-Tech Park with the aim of attracting more investors to the park.
Da Nang lands 46.4m USD factory project ảnh 1The ready-built factory project receives its investment licence at the Da Nang Hi-tech park. (Photo: VNA)


Da Nang (VNS/VNA) – The central city of Da Nang has granted an investment licence tothe first ready-built factories for rent project at the city’s Hi-Tech Parkwith the aim of attracting more investors to the park.

The project, which secured a 1.05 trillion VND (46.4 million USD) investmentfrom joint-stock Long Hau Company, will begin construction in the fourthquarter of this year. It will offer 29.6 hectares of international-standardwork space for domestic and foreign businesses.

This is the first project of its kind in the 1,010 hectare park in Hoa Vang district,20 km west of the city.

General Director of Long Hau Company Tran Hong Son said the project will alsobuild workshops ranging in size from 500 sq.m to 3,000 sq.m, providing spacefor hi-tech small and medium-sized enterprises at the park.

He said the company would support new investors with a one-stop shop procedureto ensure minimal set-up time at the park.

The September 16 licensing event also saw Japanese company Hatsuta Seisakushoagree to the site’s first factory lease contract for an area of 6,000 sq.m.

Hatsuta Seisakusho will start construction of the park’s first hi-tech fireextinguisher equipment project with an investment of 60 billion VND (2.7 millionUSD).

Hatsuta Kazuhiro, president of the Japanese company, said this was hisfirm’s first project in Vietnam. He hoped the company would be successfulworking with Da Nang’s young and dynamic labour force.
It is the third hi-tech project from Japan to invest in the park. Tokyo KeikiPrecision Technology Inc and Niwa Foundry poured a total of 62 million USD intothe park since 2013, officially beginning operations at the site in 2015.

To date, the park has attracted 15 projects worth a combined 390 million USD infields as varied as automation, nanotechnology, pharmaceutical production andembedded software systems.

Da Nang hopes the park will become a hub for green investors. It is one ofthree major multi-functional hi-tech parks in Vietnam, only ranking behind itscounterparts in HCM City and Hanoi.

It is situated near the Da Nang-Quang Ngai Expressway to connect with the ChanMay Economic Zone in Thua Thien-Hue, the Chu Lai Economic Open Zone in QuangNam and the Dung Quat Economic Zone in Quang Ngai province.  

⛄ Da Nang has called for investment in 68 public-private-partnership projects, 22of which are hi-tech projects worth 1.4 billion USD in total.-VNS/VNA

VNA
#central city of Da Nang #investment licence #first ready-built factories for rent #Hi-Tech Park #joint-stock Long Hau Company #international-standard work space #Vietnam News Agency #Vietnamplus Da Nang

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