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Danang calls for investment in green industrial parks

Danang is calling for investors to get involved in new green industrial parks. There are three new industrial parks in need of investment: Hoa Cam Industrial Park Phase 2 covering 120 hectares,

There are three new industrial parks in need of investment: Hoa Cam Industrial Park Phase 2 covering 120 hectares, Hoa Nhon Industrial Park with 360 hectares and Hoa Ninh Industrial Park with 400 hectares.

Hoa Cam Industrial Park Phase 2 needs an estimated VND2,200 billion for development.

Hoa Ninh Industrial Park expects to complete its procedures for forest conversion this month before obtaining the Prime Minister’s approval on the investment policy in the third quarter. The selection of investors for developing the industrial park is scheduled to take place in the last quarter of this year.

For Hoa Nhon Industrial Park, after the revised plan, Danang will seek the Prime Minister’s investment approval and select investors for the project.

The above industrial parks, to be developed based on the green standards, will prioritize attracting hi-tech industry and environment-friendly and non-labor-intensive businesses.

With advantages in traffic connectivity with seaports, the airport and the city center, the new industrial parks are expected to attract investors’ attention.

Danang will give priority to investors, local and international alike, with experience in developing infrastructure and calling for secondary investment, said a representative.

After the new industrial parks are put into use, Danang will have 10 industrial parks with a total area of around 2,202 hectares.

Source: Saigon Times


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