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Da Nang grants a series of investment certificates, total capital of more than 9,000 billion VND

VietNamNetVietNamNet25/11/2023


On November 25, at the ceremony to announce the planning of Da Nang City for the period 2021-2030, with a vision to 2050, the City People's Committee granted Investment Registration Certificates and Decisions approving investment policies for 7 projects, including 6 projects with domestic investment capital (1 project with increased investment capital) and 1 project with foreign investment capital that has just been licensed in the city, with a total investment capital of more than 9,300 billion VND.

The projects awarded certificates include: Foxlink Da Nang Electronics Factory (135 million USD); CRC Solar Solar Panel Factory (1,174.1 billion VND); Mia Plaza Apartment (600 billion VND); Ocean Tower Apartment (653.431 billion VND); Anh Duong Apartment Complex (944.276); Ho Xuan Huong Apartment (The Poet Residence).

In addition, the total project investment capital increased from more than 522 billion VND to more than 2,000 billion VND to invest in building a complex to treat domestic and industrial solid waste and hazardous waste at Khanh Son Landfill - Da Nang.

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The City People's Committee has granted investment certificates to 7 new projects.

The company representative, Mr. James Lee, General Director of Foxlink Taiwan, said that after conducting surveys across the country, from Long An , Binh Duong, Hai Phong to Da Nang, the group found that Da Nang's investment environment is suitable for the development orientation and investment plans of businesses in Vietnam in the next 20 years.

According to him, Da Nang is famous as a tourist city, however, in recent years it has stepped up its call for investment in high technology, industries and fields with high knowledge content, focusing on developing human resources and investing in synchronous infrastructure.

"We expect the Government to continue to create more favorable conditions for the development of technology businesses," said Mr. James Lee.

Mr. Le Trung Chinh - Chairman of the People's Committee of Da Nang City - said that in 2023, the city will take the theme "The year of focusing on unlocking resources, attracting investment, maintaining economic growth and ensuring social security". The locality has actively implemented key tasks and solutions to ensure the completion of established targets; the city's economy continues to recover despite still facing many difficulties and challenges.

As of November 15, the city has newly issued and adjusted Investment Policy Decisions/Investment Registration Certificates for 40 projects, with a total registered investment capital of nearly VND47,000 billion; attracting nearly USD200 million in FDI capital.



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