Many multi-million dollar projects are looking to invest in Da Nang.

According to DNVN - The Management Board of Da Nang High-Tech Park and Industrial Zones (DHPIZA) has announced that many projects with total registered capital of hundreds of millions of USD each have submitted applications and are in the process of preparing investment proposals for the Da Nang High-Tech Park.

According to DHPIZA, in the first quarter of 2025, investment attraction into high-tech zones, concentrated information technology zones, and industrial parks in Ho Chi Minh City achieved promising results. DHPIZA granted licenses to 4 new projects, including 2 FDI projects with a total registered investment capital of US$18 million and 2 domestic projects with a total registered investment capital of nearly VND 6,300 billion.

Da Nang High-Tech Park.

To date, the high-tech zone, concentrated IT zone, and industrial parks in Da Nang have attracted 526 projects, including 128 FDI projects with a total registered capital of nearly US$2.2 billion and 398 domestic projects with a total registered investment capital of nearly VND 36,000 billion. The total registered capital is equivalent to approximately US$3.6 billion.

Notably, DHPIZA stated that many projects have submitted applications and are currently preparing investment proposals for the Da Nang Hi-Tech Park. These include the DECENTER Data Center project by MCB DECENTER (Vietnam) Co., Ltd. with a total registered capital of US$1.5 million; and the Battery & BESS Manufacturing Plant project in Vietnam by Smart Tech Group Vietnam JSC with an estimated registered capital of US$600 million.

The Data Center project by the consortium of Mekong Data Center, Newtechco Group JSC, and Keppel EaaS has an expected registered capital of US$200 million; Foxlink also plans to expand its investment in the Da Nang Hi-Tech Park with a total registered capital of US$300 million.

Previously, in 2024, investment attraction into high-tech zones, concentrated IT zones, and industrial parks in Da Nang showed a significant rebound with a total capital of approximately 315 million USD (13 projects), considered a "bright spot" in the economic landscape which had been heavily impacted by the COVID-19 pandemic.

One of the key projects is the VINA III ICT Manufacturing Plant of Dentium Co., Ltd. (South Korea) with a registered capital of US$177 million, accounting for 73% of the total FDI attracted to Da Nang City in 2024 (US$243.4 million). To date, Dentium has invested in 3 projects in the Da Nang Hi-Tech Park with a total registered capital of US$257 million, making it the largest investor in the park.

According to DHPIZA, this shows that domestic and foreign investors continue to view Da Nang as a safe investment destination, demonstrating confidence in the business investment environment and encouraging further investment expansion. However, attracting investment and developing projects in industrial parks in the area has not yet met the set targets.

The main reason is that 4 out of 6 existing industrial parks in the city are already 100% occupied, so there is not much "clean" land left that can be allocated to businesses and investors. New industrial parks will take several more years to complete their technical infrastructure before land is available for allocation. This affects the ability to directly attract large-scale production projects that require a lot of land.

Hai Chau

Source: https://doanhnghiepvn.vn/doanh-nghiep/nhieu-du-an-tram-trieu-usd-muon-dau-tu-vao-da-nang/20250415094728566