DA NANG — Central Da Nang City is speeding up land clearance and infrastructure development to attract investment for its Hi-Tech Park.
|Technicians at work at Hoa Vang Hi-tech Park in Da Nang City. Infrastructure development is to be accelerated to attract businesses to the park. — VNS File Photo
About 100ha of land will be made available by the year end, according to the Park's Management Board.
Construction of overall infrastructure, including telecommunications, roads, electricity, water supply and waste treatment systems, is set to start in the third quarter of this year.
According to Management Board Head Nong Thi Ngoc Minh investors from Korea, Japan, Germany, France and the US have visited the city to seek out opportunities in the Park.
City authorities are offering preferential policies on land use tax, wastewater treatment fees and corporate income tax to encourage investors.
The Da Nang Hi-Tech Park covers an area of 1,010ha in Hoa Vang District and was first established in October 2010.
Over half the Park is designated for facilities related to scientific and technological research and development as well as hi-tech human resource training.
Other prioritised industries include biological, new material and energy, nano-, environmental and microelectronics technologies. — VNS