Việt Nam News

Central city invests in infrastructure of hi-tech park

January 20, 2017 - 16:00

The central city has invested VNĐ363 billion (US$16 million) to complete infrastructure in the second stage of the 1,010-hectare Hi-Tech Park in Hòa Vang District, 20km west of the city.

A corner of Hi-tech Park in Hòa Vang District in Đà Nẵng City. The city invest in infrastructure to lure investors in the park. — VNS Photo Đoàn Hùng Anh

Viet Nam News

Đà Nẵng — Đà Nẵng has invested VNĐ363 billion (US$16 million) to complete the second-stage infrastructure for the 1,010-hectare Hi-Tech Park in Hòa Vang District, 20km west of the city.

The park’s managing board said the fund will be used for construction of series of traffic, waste water treatment, lanes, land clearance, bridges, parks and water supply system projects.

The central city aims to create ‘clean’ land, working shops and available infrastructure for investors in coming years.

Last year, the city granted an investment licence to Đà Nẵng Pharmaceutical Joint Stock Company (Danapha)’s first nano-technology and biotech project, with an investment capital of VNĐ1.5 trillion ($67 million) in the park.

Two Japanese companies, Tokyo Keiki Precision Technology Inc and Niwa Foundry, with a total investment of $62 million, were the first investors since the park opened in 2013.

In 2015, Tokyo Keiki Precision Technology Inc inaugurated its first plant outside Japan on a 30-hectare at the park with a capacity of 50,000 digital directional valves per month for the Asia-Pacific region.

Đà Nẵng will exempt 100 per cent land rent for infrastructure, research, training and housing project.

According to the latest reports, Đà Nẵng has attracted 423 foreign direct investment (FDI) projects worth $3.68 billion to date.

FDI enterprises earned revenues of $776 million - of which $522 million came from exports - and contributed $112 million to the State budget in 2015. —VNS

Tags Đà Nẵng Hi-Tech Park Tokyo Keiki Precision Technology Inc and Niwa Foundry

Forecast upbeat for banking industry in 2025

Economy

Petrol prices down in latest adjustment

Economy

NA approves fuel environmental tax cut for another year

Economy

Market cautious as liquidity drops significantly

Economy

HCM City set to smash $70b GRDP milestone in 2024

Economy

Việt Nam and South Korea sign mutual recognition agreement on AEO

More on this story

Economy

Cash payment declines by 2% in 6 years

Cash as a mode of payment has declined in the country by 2 per cent in the past six years, from 14.02 per cent in 2010 to the current 12 per cent.

Economy

Vietnam Airlines’ NASCO to list on UPCoM

The Nội Bài Airport Services Company (NASCO) will list its 8.3 million shares on the Unlisted Public Company Market (UPCoM) under the code NAS, according to the Hà Nội Stock Exchange.

Economy

VN government turns focus to long-term bonds

Long-term Government bonds will remain the focus of the finance ministry in the future to help the government extend the loan due dates and reduce pressure on paying its debts.

Economy

Craft villages step up production for Tết holiday

With only a few days left for Tết (Lunar New Year), artisans in craft villages are scrambling to make products like sticky rice cakes and other traditional cakes, jams, dried shrimp and others to supply to the market.

Economy

Shares decline for a second day

Shares declined for a second day yesterday on the two national stock exchanges as traders stayed away to avoid losses before the market enters the seven-day Tết (Lunar New Year) holiday.

Economy

MARD halts Indonesian seed imports

Deputy Minister of Agriculture and Rural Development (MARD) Lê Quốc Doanh signed a decision to cease imports of several nuts and seeds from Indonesia to Việt Nam due to a high risk of contamination from the seed beetle Caryedon serratus.