Foreign technology enterprises appreciate Da Nang's investment support

The People's Committee of Da Nang City has just granted Investment Registration Certificates and Investment Policy Approval Decisions to 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 recently. The total investment capital of these projects is more than 9.3 trillion VND.

Da Nang City leaders awarded certificates to investors this time. Photo: Thao Quang

In which, the Foxlink Da Nang electronics factory project has an investment capital of more than 3,000 billion VND.

It is known that Foxlink Group has a global scope of operations. In 2023, to meet growth targets and customer needs, this enterprise decided to expand its investment in Vietnam.

Foxlink conducted surveys across the country, from provinces and cities such as Long An, Binh Duong , Hai Phong to Da Nang, thereby realizing that Da Nang's investment environment is suitable for the group's development orientation and investment plan in Vietnam in the next 20 years.

Foxlink General Director James Lee said that during the research, potential assessment and investment registration application submission phase, the unit always received great support from the city government and the management board of Da Nang High-Tech Park to complete the application and be granted the Investment Registration Certificate in a short time.

This enterprise committed to speeding up the implementation of the investment project at Da Nang High-Tech Park, striving to complete construction by June 2024 and officially put it into production from August.

The entire construction of the factory will be completed by the end of 2025. After construction is completed, the annual revenue is estimated to reach 1 billion USD. Foxlink's customers are the world's leading electronics corporations such as Apple, Microsoft, Google, HP...

“By choosing to invest in Da Nang High-Tech Park, Foxlink is committed to accompanying the city in training human resources, contributing to the construction and development of the high-tech park. We expect the city to continue to create more favorable conditions for the development of technology enterprises.

In addition, Foxlink Group has a lot of experience operating in the green energy sector in Taipei, China. We have also invested in many solar and hydropower projects in Vietnam. Therefore, Foxlink hopes to have the opportunity to cooperate with the Da Nang City government to accelerate the development of the green energy industry and achieve the goal of carbon neutrality," said Mr. James Lee.

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