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Đà Nẵng lands $46.4m factory project

Update: September, 20/2018 - 07:00
A ready-built factory project received its investment licence at the Đà Nẵng Hi-tech park. — VNS Photo Trần Ngọc
Viet Nam News

ĐÀ NẴNG — Đà Nẵng has granted an investment licence to the first ready-built factories for rent project at the city’s Hi-Tech Park with the aim of attracting more investors to the park.

The project, which secured a VNĐ1.05 trillion (US$46.4 million) investment from joint-stock Long Hậu Company, will begin construction in the fourth quarter of this year. It will offer 29.6 hectares of international-standard work space for domestic and foreign businesses.

This is the first project of its kind in the 1,010 hectare park in Hòa Vang District, 20 km west of the city.

General director of Long Hậu Company Trần Hồng Sơn said the project will also build workshops ranging in size from 500 sq.m to 3,000 sq.m, providing space for hi-tech small and medium-sized enterprises at the park.

He said the company would support new investors with a one-stop shop procedure to ensure minimal set-up time at the park.

The September 16 licensing event also saw Japanese company Hatsuta Seisakusho agree to the site’s first factory lease contract for an area of 6,000 sq.m.

Hatsuta Seisakusho will start construction of the park’s first hi-tech fire extinguisher equipment project with an investment of VNĐ60 billion ($2.7 million).

Hatsuta Kazuhiro, president of the Japanese company, said this was his firm’s first project in Việt Nam. He hoped the company would be successful working with Đà Nẵng’s young and dynamic labour force.

It is the third hi-tech project from Japan to invest in the park. Tokyo Keiki Precision Technology Inc and Niwa Foundry poured a total of $62 million into the park since 2013, officially beginning operations at the site in 2015.

To date, the park has attracted 15 projects worth a combined $390 million in fields as varied as automation, nanotechnology, pharmaceutical production and embedded software systems.

Đà Nẵng hopes the park will become a hub for green investors. It is one of three major multi-functional hi-tech parks in Việt Nam, only ranking behind its counterparts in HCM City and Hà Nội.

It is situated near the Đà Nẵng-Quảng Ngãi Expressway to connect with the Chân Mây Economic Zone in Thừa Thiên-Huế, the Chu Lai Economic Open Zone in Quảng Nam and the Dung Quất Economic Zone in Quảng Ngãi Province.  

Đà Nẵng has called for investment in 68 public-private-partnership projects, 22 of which are hi-tech projects worth $1.4 billion in total. —VNS

A Japanese investor will open operations at a factory in the park soon. — VNS Photo Công Thành

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