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Saturday,  May 26,2018,15:08 (GMT+7)

Danang promotes investment in over 30 projects

Nhan Tam
Thursday,  May 10,2018,00:08 (GMT+7)
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Danang promotes investment in over 30 projects

Nhan Tam

An employee is at work at a Japanese factory in the Danang Hi-Tech Park. The Danang government focuses on luring projects in the hi-tech and IT sectors - PHOTO: NHAN TAM

DANANG – The government of Danang City is calling for local and foreign investment in 36 projects worth nearly US$1 billion, said Do Thi Quynh Tram, head of investment promotion at the Danang Investment Promotion Agency (IPA Danang).

Tram said the projects involve major sectors such as hi-tech, information technology (IT), healthcare, real estate and tourism. IPA Danang will work with Danang Hi-Tech Park Management Board to carry out 13 projects in the hi-tech and IT sectors this year, with total capital amounting to US$380 million.

Software Park No.2 in Danang City, financed by Singapore’s Sembcorp Industries Ltd, is one of the big-ticket projects. US$91.6 million will be poured into the 5.26 hectare project which will be home to an IT building complex, a housing area and a convenience store in Thuan Phuoc Ward, Hai Chau District.

Tram said calling for investment in the 36 projects is one of seven activities of the city’s investment promotion program for 2018.

In quarter one of 2018, the central coastal city saw fresh FDI approvals totaling US$33 million, up 28% year-on-year. Now the city has 317 local and 577 FDI projects with total investment capital of VND89.67 trillion and US$3.06 billion respectively. There are 10 projects in the Danang Hi-Tech Park with total capital of US$249.5 million.

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