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BRG and Sumitomo to eye on Đà Nẵng’s infrastructure projects

Update: November, 17/2021 - 08:44


Cranes unload cargo from a ship at Đà Nẵng seaport. Key infrastructure projects are planned as part of the city's Master Plan in 2030-45. — VNS Photo Công Thành 

ĐÀ NẴNG — Local property developer BRG Group and Japan’s Sumitomo Group have submitted investment proposals as part of their ongoing development of key infrastructure and logistics networks upgrades in the central city. The proposals were submitted during a meeting with the city's leaders as part of Đà Nẵng's development towards becoming a 'smart' city. 

The city’s Investment Promotion Agency (IPA) said BRG and Sumitomo said they will strengthen logistics networks and the air and sea connections, to improve Đà Nẵng’s resiliency and enhance economic growth. 

It said the two businesses are willing to jointly promote the Liên Chiểu deep-sea port, Đà Nẵng International Airport, logistics centre and seaport and airport connections.

“It’s just a meeting in introducing the city’s capability and experience at investment promotion projects to key investors. The two investors have kept their eyes on infrastructure projects in Đà Nẵng, but more details and further studies of projects are needed in the coming time,” said IPA Director Huỳnh Thị Liên Phương.

“Đà Nẵng plans to develop four key infrastructure bases, including a seaport and airport system; hi-tech industry and smart city; information technology digital economy and hi-tech agriculture in the Master Plan,” she said.

Last October, BRG Group commenced construction of the 36-storey BRG Đà Nẵng Golf resort with a total investment of $71 million in Ngũ Hành Sơn district – three years after launching the five-star Sheraton Grand Đà Nẵng resort.

An aeroplane of the national carrier Vietnam Airlines parks at Đà Nẵng International Airport. BRG Group and Sumitomo Group plan to further enhance Đà Nẵng's air and sea connections. — VNS Photo Công Thành 

The banking-real estate-golf group and Sumitomo have been developing a series of industrial parks in Hà Nội, Hưng Yên and Vĩnh Phúc as well as Fiji Mart chains in Hà Nội.

BRG and Sumitomo have been developing a ‘smart’ urban area in the north of Hà Nội, with a total investment of $4.2 billion.

The BRG Group alone has been implementing a master plan for the development of Hòa Vang District northwest of Đà Nẵng.

BRG Group, Japanese Sumitomo Group, VNPT Group, Vietnamese Seabank agreed on cooperation deals in fintech, developing smart cities and other projects in Tokyo 2019.

In 2020, experts from the Japan International Cooperation Agency (JICA) began a survey on the feasibility of the Liên Chiểu Port construction project.

The development of Liên Chiểu Port aims to turn the central city into the main logistics centre of ASEAN and the East-West Economic Corridor (EWEC) that links Laos, Myanmar, Thailand and Việt Nam.

The Universal Alloy Corporation (UAC) from the US launched the first stage of the $170 million Đà Nẵng-based Sunshine Aerospace components manufacturing plant last year.

Despite the challenges of COVID-19, Fujikin International Incorporated from Japan started construction of an R&D centre at Đà Nẵng High-Tech Park worth $35 million, while Japanese Daiwa Việt Nam also began building its third factory in the city with an investment of $40 million.

Đà Nẵng Bay is an attractive location for eco-tourism. The city plans to build the Liên Chiểu deep-sea port in 2022. — Photo courtesy of Trung Nam Group

Đà Nẵng has been calling for investment from Silicon Valley and the US in health care, hi-tech industries, Artificial Intelligence, education, real estate and automation at Đà Nẵng hi-tech park and industrial zones.

Đà Nẵng has drawn 503 projects, including 130 FDI worth $1.8 billion and VNĐ27.56 trillion ($1.2 billion), from domestic investors. — VNS

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