On November 10, the People's Committee of Da Nang City announced that the Da Nang City Development Investment Fund (DDIF) has just granted Danapha Pharmaceutical Joint Stock Company a preferential loan of VND200 billion to expand the scale of the Pharmaceutical Factory project and the High-Tech Research and Development Center.
Accordingly, the loan aims to increase the pharmaceutical production capacity of the above project to about 1.5 billion dosage units/year with 100% new machinery imported from Europe.
Danapha Pharmaceutical Joint Stock Company also expanded the scale of the project, raising the total investment from 740 billion VND to nearly 1,500 billion VND.
Therefore, the Management Board of the Danang Development Investment Fund has increased the investment capital funding for the project. Specifically, DDIF increased the funding level from VND80 billion to VND200 billion, with a maximum loan term of 10.5 years and a preferential interest rate of 5.6%/year.
Danapha's Pharmaceutical Factory and High-Tech Research and Development Center project is built in Da Nang High-Tech Park, with 3 phases.
After starting construction in October 2021, by October 2024, Danapha had put phase 1 and part of phase 2 into operation, by October 2025 put the entire phase 2 into operation, and according to plan, by the end of 2025, phase 3 will be put into operation.
The People's Committee of Da Nang City added that in the first 10 months of the year, Da Nang attracted more than 208,000 billion VND in investment, an increase of nearly 7 times over the same period.
Of which, there are 85 newly licensed projects with a total registered capital of VND114,356 billion, an increase of 93.2% in the number of projects and 347.5% in capital compared to the same period. In addition, there are 32 projects with adjusted capital with a total increased capital of VND95,098 billion, a total adjusted capital increase of 13 times compared to the same period.
Regarding foreign investment capital, the city attracted more than 500 million USD, 2.5 times higher than the same period last year. In the context of the world economy still having many fluctuations, Da Nang City continues to affirm the attractiveness of its investment environment. These figures show the growing confidence of investors in Da Nang's investment environment, especially thanks to flexible investment attraction policies, synchronous infrastructure, and strongly improved administrative procedures.
Source: https://daidoanket.vn/quy-dau-tu-phat-trien-da-nang-cho-vay-mo-rong-du-an-duoc-cong-nghe-cao.html
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