Economy
Advantage goes to Việt Nam despite disadvantages in semi-final against Singapore
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| A development plan of Đà Nẵng city. The city has called for investment in a horse race track centre with an investment of US$200 million. — VNS Photo Công Thành |
Viet Nam News
ĐÀ NẴNG — The central city is planning to allocate 300ha for the development of a horse racing track and farm with total investment of US$200 million.
Deputy director of the city’s Investment Promotion Agency (IPA), Huỳnh Thị Liên Phương, said an investor – Maxtrix Holdings – had asked the city to allocate 100ha for a race track and 200ha for a farm and training facilities.
Liên said the city had chosen an appropriate area for the project.
The project has the biggest investment of 44 plans approved by the city’s People’s Committee last month.
The city is also looking to develop the Đà Nẵng Software Park No 2 on 5.26ha with an estimated $91.6 million, and the Pegasus University urban zone with an investment of $15 million.
It said the project would include a software park, a 26-storey apartment building and offices.
Đà Nẵng will reserve land for building a financial centre, casino and resort projects along Võ Văn Kiệt and Võ Nguyên Giáp streets in Sơn Trà District.
According to the IPA, Đà Nẵng has granted 322 new licenses for domestic investors worth VNĐ97 trillion ($4.2 billion), and attracted 675 foreign direct investment projects worth $2.9 billion.
The IPA said businesses from Singapore were eying Đà Nẵng as a potential investment destination in central Việt Nam, especially in the fields of healthcare, advanced technology and tourism. — VNS
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