In recent years, Da Nang City has actively promoted its image, strengths and readiness to welcome the wave of investment; especially in new key areas of strength such as high technology, semiconductor technology, financial technology, with the motto "sustainable cooperation for development and prosperity".
Committed to creating a favorable environment
According to Mr. Le Trung Chinh, Chairman of the People's Committee of Da Nang City, in the present and future periods, Da Nang has planned to attract investment as well as prepare infrastructure, human resources, mechanisms... to attract domestic and foreign enterprises to invest and develop. Assessing from a local perspective, Mr. Le Trung Chinh believes that the release of resources will contribute to the socio -economic development of the city. Having repeatedly affirmed to investors, the head of the City People's Committee said that the locality is ready and welcomes partners and investors and will create the most favorable conditions for enterprises to cooperate, invest and do business effectively in Da Nang.
Da Nang City has set a target of 8-8.5% GRDP growth in 2024. To achieve the set target, it is necessary to attract more and more large investors to the locality. Regarding policies and mechanisms, the city government has made commitments to create a favorable investment environment.
Da Nang has been focusing on preparing infrastructure, human resources, mechanisms... to attract investors. |
Specifically, the city is committed to creating the best conditions for foreign affairs and international integration to continue to be strengthened to connect Da Nang with the world ; strongly improve the investment and business environment, promote administrative procedure reform; fully prepare planning and infrastructure conditions to be ready to welcome investment capital, especially infrastructure for information technology parks, high-tech parks, industrial parks and clusters.
In particular, the city is accelerating the investment in important transport infrastructure such as: Cargo Terminal at Da Nang International Airport, promoting the opening of more international flights, promoting the Lien Chieu Port Construction Investment Project and many other technical infrastructure works.
In addition, Da Nang is also committed to promoting the development of high-quality human resources to meet the increasing demands of businesses, especially in the fields of semiconductor chips, microchips, artificial intelligence...
We are committed to creating an open, fair, transparent investment environment and continuing to implement administrative reforms. With such policies, investors can feel secure investing in Da Nang, Mr. Le Trung Chinh emphasized.
The efforts of Da Nang City in recent times have been highly appreciated by investors. Mr. Park Jihoon, Director of KP Aero Vietnam Company, shared that before deciding to invest in Da Nang, he also had concerns. However, since officially deciding to invest here, everything has changed, in just one month the company has obtained the investment certificate. The administrative procedures are very fast, very flexible, the Da Nang authorities have coordinated with us very well. We are very satisfied with the investment environment here.
Signs of improvement…
Da Nang is the first locality in the country to issue the Project on International Integration and Cooperation until 2030.
It is known that in 2023, Da Nang has newly issued and adjusted investment policy decisions/investment registration certificates for 57 projects with a total registered investment capital of VND 58,172.53 billion; attracted 202.643 million USD in foreign direct investment (FDI), of which 110 new projects were issued with a newly registered capital of 171.407 million USD. Up to now, the city has had 1,020 FDI projects (inside and outside industrial parks) with a total investment capital of over 4.27 billion USD.
Da Nang High-Tech Park - The only High-Tech Park in the Central Highlands |
Also in 2023, Da Nang has attracted many "eagles" with large investment projects. Notably, Foxlink International Investment Ltd (Taiwan, China) invested in the Foxlink Da Nang electronics factory project in the High-Tech Park with a total investment capital of 135 million USD, land area of 11.35 hectares. The project aims to manufacture stylus pens, wireless headphones, batteries, charging stations, electronic printed circuits, and is expected to create jobs for nearly 2,000 workers when put into operation.
With its efforts, in the first months of 2024, Da Nang's investment attraction, especially foreign investment, has also shown signs of improvement. Accordingly, KP AERO INDUSTRIES CO., LTD (Korea) Group has organized the groundbreaking ceremony for the KP VINA Aviation Components Factory project, with a total investment of 20 million USD in Da Nang High-Tech Park. The factory will be the place to produce, process and assemble aircraft parts, including auxiliary engine doors, MIC heads, wing boxes, gliders, and left wing support systems of Boeing 787 and Boeing 737 Max aircraft. According to the plan, the KP VINA Aviation Components Factory will be completed and put into operation in September 2024.
Similarly, local authorities have also granted an investment certificate to MM Mega Market Vietnam Co., Ltd. for the MM Mega Market Danang Trade Center project with a total investment value of nearly 20 million USD, the project is built in Lien Chieu district. It is known that the upcoming hypermarket project will be built by Mega Market according to hypermarket standards based on the model of BigC Thailand with outstanding accompanying amenities such as supermarkets, shops, restaurants and cinemas.
According to the representative of the Management Board of Da Nang High-Tech Park and Industrial Zones, 2024 and 2025 will welcome a number of potential investors to the locality. In addition to Foxlink Da Nang Electronics Co., Ltd., which is likely to invest in phase 2 and subsequent phases, there are a number of semiconductor chip enterprises from Taiwan (China) and Japan that plan to build factories on 50 hectares of land in the High-Tech Park. Therefore, the unit is requesting a policy to locally adjust the High-Tech Park to reserve land for production. Later, when expanding further, it will study the ratio of production land and other suitable subdivisions.
The goal in 2024 is for the Management Board of Da Nang High-Tech Park and Industrial Zones and related units to strive to attract at least 3 investment projects to Da Nang High-Tech Park with a total investment capital of about 200 million USD. The projects focus on 3 main spearheads, including: aerospace technology, semiconductor microchips and high-quality healthcare...
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