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Central city to develop hi-tech supportive industries

Update: February, 10/2021 - 19:28

 

Construction work at an investment project in the Đà Nẵng Hi-Tech park in Hòa Vang district. VNS Photo Công Thành 

ĐÀ NẴNG — Plans are in the pipeline to build an industrial park in Đà Nẵng dedicated to supportive industries.

It is part of the Government’s master plan of industrial park development from 2030-2045.

It will be built on the edge of the Đà Nẵng Hi-Tech Park.

Head of the city’s Hi-Tech park and the Industrial Zones Authority (DHPIZA), Phạm Trường Sơn said the decision was signed by Deputy Prime Minister Trịnh Đình Dũng, and the 58.5ha supportive industries park will offer investment for domestic and foreign businesses.

Sơn said the supportive industry park, which is sandwiched between the Hi-Tech Park and Đà Nẵng Information Technology Park in Hòa Vang District, has completed 85 per cent of infrastructure since 2016.

He said Đà Nẵng has yet developed supportive industries – one of the disadvantage factors of the city in luring investment from domestic and foreign investors.

Sơn said the city wants to boost the development of supportive industries over the next decade.

The city has been building a development plan on three new industrial zones – Hòa Cầm, Hòa Nhơn and Hòa Ninh on total 880ha – for approval by the Prime Minister.

According to DHPIZA, the construction of the three new IZs would be soon commenced in 2021.

The city has called for investment for infrastructure works on the three new IZs in 2020-23 with an estimated investment capital of VNĐ13.8 trillion (US$604 million).

The new IZs have been designed as ‘green’ and ‘clean’, and hopes to attract hi-tech and environmentally-friendly industries.

The Đà Nẵng-based Sunshine Aerospace components manufacturer plant, which was invested by the Universal Alloy Corporation from the US worth $170 million, began operation after one year of construction in March of 2020.

Đà Nẵng’s industrial infrastructure projects offer advantage location for investors as it boosts connection of key traffic routes including the Đà Nẵng-Quảng Ngãi Expressway, the Chân Mây Economic Zone in Thừa Thiên-Huế, the Chu Lai Economic Open Zone in Quảng Nam and Dung Quất Economic Zone in Quảng Ngãi Province.  

The Hi-tech Park and IZs would be a magnet for global industrial firms and producers, offering flexible land rent, land clearance, income tax and import tax policies.

Investors with projects valued at more than $133 million will enjoy a 10 per cent tax rate for 30 years, according to DHPIZA. — VNS

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