Đà Nẵng Information Technology Park is ready for investors from the US, Japan, Korea and Korea. It is planned as a central Việt Nam 'Sillcon Valley'. — VNS Photo Công Thành

ĐÀ NẴNG — The Đà Nẵng’s Information Technology Park JSC (DITP) company and Meritronics AMT Inc have been speeding up preparation for commencing construction of a surface-mount technology (SMT) factory at Đà Nẵng IT Park, which would export printed circuit boards and electronic components in the second quarter this year.

Chairman of Trung Nam Group, Nguyễn Tâm Thịnh, said total funds of VNĐ700 billion (US$30.4 million) will be invested in the factory – the first of its kind in central Việt Nam.

Tâm said the SMT factory will include a research and development (R&D) centre and electronic component production lines, and incubation and training centre.

He said the group and Silicon Valley experts would set up a pilot electronic component production line at Đà Nẵng Hi-tech park with $7 million investment before launching a mass production plan later this year.

Trung Nam said it would commence construction of a luxury apartment and villa project for hosting international experts and hi-tech engineers working at the Hi-Tech Park with investment of VNĐ1.2 trillion ($74 million).

Last year, DITP and Meritronics AMT Inc signed a Memorandum of Understanding (MoU) to establish the Trung Nam Meritronics Technology joint-stock company providing electronic manufacturing services at Đà Nẵng IT Park.

Meritronics Inc was the first Silicon Valley-based business from the US investing in the park.

Businesses from the US, Ai20X Silicon Valley and DITP company have agreed to develop the Đà Nẵng IT Park as an expanded ‘Silicon Valley’ in Việt Nam.

Earlier this year, the Government approved the Đà Nẵng IT Park as a centralised information technology (CIT) zone.

Đà Nẵng city has planned the park as central Việt Nam’s ‘Silicon Valley’ on a total area of 341ha in the Master Plan.

The city has called for investors from Silicon Valley and the US investing in healthcare, hi-tech industries, Artificial Intelligence (AI), education, real estate and automation at Đà Nẵng Hi-tech Park and IT Park.

Alton Industry from the US also plans to build a robot manufacturing project in the city’s Hi-tech Park.

Universal Alloy Corporation – a leading global manufacturer of aircraft components for aerospace companies – from the US officially launched its factory for aircraft components worth $170 million, at the city’s Hi-Tech Park in March. — VN