Đà Nẵng tech park draws $180m investment

The central city’s high-tech park has attracted six projects valued at US$180 million from two Japanese and four domestic investors, said the head of the park management board, Phùng Tấn Viết. He said the park is also keen on attracting more investors from Thailand.

Viết said the park has completed the first stage development of 300ha and started construction of the second stage with an investment of VNĐ363 billion ($16 million) on the 1,010-ha park in Hòa Vang District, 20km west of the city.

The park was designed as a hub for green and high-tech investors.

Last week, it granted an investment certificate to the U&I Logistics Joint Stock Company for its logistics project with total registered capital of $14 million.

According to the latest reports, Đà Nẵng has attracted 423 foreign direct investment (FDI) projects worth $3.68 billion to date.

FDI enterprises in the city earned revenues of $776 million – of which $522 million from exports – and contributed $112 million to the State budget in 2015.

Source: VIR