Da Nang debuts Hi-Tech Park administrative centre

 The Hi-Tech Park and Industrial Zones management board has put into operation the central building offering one-door administrative procedures and support to investors at the park from April 1.

Da Nang debuts Hi-Tech Park administrative centre
A central administrative building is opened at Da Nang Hi-tech Park. The centre will offer one-door administrative procedures and support for investors. — Photo courtesy of the Hi-tech Park

Head of the board, Pham Truong Son, said construction on the four-storey building began last year with an investment of VND132 billion (US$5.7 million).

He said the building will provide service and investment certificates as well as dealing with problems for investors immediately.

On the city’s Liberation Day last Sunday (March 29), two investors – the Universal Alloy Corporation (UAC) from the US, and a domestic investor Long Hau Corporation – debuted their investment projects worth $216 million at the park.

Two Japanese investors – Hatsuta Seisakusho and Inaba Rubber – agreed to lease ready-built factories at the park, beginning production at the park from this year.

Hatsuta Seisakusho will be the first hi-tech fire extinguisher equipment factory with an investment of $5.13 million at the park.

 

Despite the negative impact of COVID-19, four new investment certificates worth $253 million were granted, while two others received expansion certificates worth a total $80 million. A feasibility study project was allowed at the park with a proposed investment of $50 million in early 2020, according to the board.

Da Nang has called for investment from Silicon Valley and US investors in healthcare, hi-tech industries, Artificial Intelligence (AI), education, real estate and automation at the park.

To date, the Hi-Tech Park has attracted 19 projects, including 10 foreign direct investments, worth $638 million.

Meanwhile, six Industrial Zones drew 485 projects, of which 117 were FDI, with nearly $2 billion. — VNS

Aerospace components manufacturing plant inaugurated in Da Nang

Aerospace components manufacturing plant inaugurated in Da Nang

The Sunshine aerospace components manufacturing facility was recently inaugurated in the central city of Da Nang, according to the Da Nang Hi-Tech Park and Industrial Zones Authority.

Businesses and workers in Da Nang hit by effects of nCoV epidemic

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Production activities of several businesses in the central coastal city of Da Nang have suffered disruption due to the nCoV epidemic, with enterprises that have transactions with the Chinese market being the worst affected.

 
 

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