DA NANG READY TO ATTRACT INVESTMENT

In parallel with investment in transport infrastructure to increase connectivity, and expanding the area of industrial infrastructure to meet investors, over the years, Da Nang city has constantly strived to create an open investment environment so that Da Nang in general and its high-tech industrial zone, centralized information technology park and industrial parks in particular are really attractive destinations for domestic and international investors.

Infrastructure first

Currently, in the area of Da Nang city, there are: 1 high-tech industrial zone with an area of 1,128.4 ha, 1 centralized information technology park (phase 1) with an area of 131 ha, and 6 IPs with a total area of 1,066.52ha. The 6 IPs occupancy rate has reached 87.4%, equivalent to 807.15 ha of leased area.

Particularly, Da Nang high-tech industrial zone, established in 2010, is one of the three national multi-functional industrial zones in the country. Total planning area of the park is 1,128.4 ha with 6 functional subdivisions: Hi-tech production zone; research and development zone, training and business incubation zone; management - administrative area; key technical infrastructure works zone; logistics area, logistics and high-tech service area and residential area.

Meanwhile, the centralized information technology park attracts the IT and telecommunications industries, such as manufacturing computers, software, equipment for the post and telecommunications industries, and telephones. For Phase 1, it has basically completed the technical infrastructure. Currently, the investor is carrying out construction work in the export zone and promoting investment attraction.

However, to meet the needs of businesses and create conditions to attract investment, Da Nang city has proposed adjusting the number of industrial zones and has been approved by the Prime Minister to add 3 new industrial zones; Hoa Cam Industrial Park - Phase 2, Hoa Nhon Industrial Park and Hoa Ninh Industrial Park are expected to invest in technical infrastructure to attract investors in the 2020-2030 period.

At the same time, in order to create a land fund to attract production projects serving the high-tech industrial zone and centralized information technology park, the People's Committee of Da Nang City has also had a policy to convert the auxiliary area serving the high-tech industrial zone into a supporting industrial zone and approved by the Prime Minister to be added to the industrial zone development planning in the city.

Accumulated by the end of 2021, Da Nang Industrial Park has attracted 472 projects, of which there are 353 domestic projects with a total investment capital of VND 20270.3 billion and 119 FDI projects with a total investment capital of US$ 1193. 3 million. Up to now, Da Nang high-tech industrial zone has attracted more than 24 projects, including 12 domestic projects with a total investment of VND 6,290 billion and 12 FDI projects with a total investment capital of US$ 545.1. As for the centralized information technology park, it has attracted 4 projects, including 03 domestic projects with total investment capital of VND 1,500 billion and 1 FDI project with investment capital of US$ 30,468.

Attracting Reputable and Capable Investors

In order to strengthen investment promotion in industrial parks, the Management Board of high-tech industrial parks and industrial zones in Da Nang has proposed a number of solutions. Accordingly, in terms of industries and areas prioritized to attract investment, Da Nang will focus on attracting investment and selecting projects operating in hi-tech, advanced and modern technology-friendly industries and using clean energy, especially in the fields of information technology, production of electronic components, high technology, supporting industries in the field of mechanics and precision mechanics. Da Nang will focus on attracting investment in large projects producing export products to participate in the global value chain. Projects that are labor-intensive, use outdated technology, consume large amounts of energy or affect national defense and security are not accepted.

Regarding markets and partners, Da Nang will continue to promote international trade and investment promotion, maintain relationships to provide information for investment promotion organizations and business associations such as KOTRA (Korea), JETRO (Japan) and Amcham (USA) to effectively approach potential partners from these markets. At the same time, Da Nang will focus on mobilizing investment from large corporations of Forbes 500 and enterprises in developed countries of G7 and OECD.

For domestic direct investment, Da Nang will focus on attracting investment from large corporations and enterprises; and effectively exploit financial and technological resources from overseas Vietnamese in the fields of R&D, information technology, and high technology.

Da Nang will create an open and transparent investment environment so that Da Nang in general, and industrial parks in particular, are really attractive destinations for domestic and foreign investors.

Source: VCCI