Central city calls for $604 million IZs investment

A logistics centre is built in Hòa Cầm Industrial Zone (IZ) in Đà Nẵng. The city will open bidding for investment in three IZs with total $604 million in 2020-23.

ĐÀ NẴNG — The Đà Nẵng Hi-Tech park and the Industrial Zones Authority (DHPIZA) has offered bidding documents for preliminary selection of investors for infrastructure development on three industrial zones in 2020-23.

Head of DHPIZA, Phạm Trường Sơn said the international bidding will help seek eligible domestic and foreign investors developing infrastructure works on two new industrial zones (IZs) of Hòa Nhơn, Hòa Ninh, and the second stage of Hòa Cầm IZ on total 880ha with an estimated investment capital of VNĐ13.8 trillion (US$604 million).

He said the IZs have been designed as ‘green’ and ‘clean’ IZs, calling for hi-tech and environmentally-friendly industries in 2020-23.

The bidding of the three projects will open for all qualified investors on May 28, and the winners would commence construction later this year.

To date, the Đà Nẵng Hi-Tech Park and six other industrial zones (IZs) have drawn 505 projects worth $2.6 billion. These projects earned revenue of VNĐ35.6 trillion ($1.5 billion) in 2019, contributing $213 million to the local budget.

The city has called for investment from Silicon Valley and the US in healthcare, hi-tech industries, Artificial Intelligence, education, real estate and automation at Đà Nẵng Hi-tech Park and IZs.

In March, 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. It would manufacture over 4,000 different aerospace parts supplying Boeing, Airbus, Embraer, Bombardier, and export these parts to North America, Europe and Asia in the near future.

Source: VNS

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