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Danang expands IT park in central region

By Hai Dang - The Saigon Times Daily
Sunday,  Apr 15,2012,12:21 (GMT+7)
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Danang expands IT park in central region

By Hai Dang - The Saigon Times Daily

DANANG – The authorities of Danang City on Thursday decided to expand the concentrated information technology (IT) park located in Hoa Vang District to 440 hectares as requested by the American investor, Rocky Lai & Associates Inc.

Vu Quang Hung, deputy director of the city’s Department of Construction, said at the meeting on Thursday that at first the park was planned to cover 131 hectares. However, under the latest decision of the city’s leaders, the project will be expanded by 209 hectares to the south, he said.

The city will also develop another IT park covering 50 hectares next to the huge concentrated park.

Rocky Saint Let Lai, president of Rocky Lai & Associates Inc., last year signed a cooperation agreement with Danang City’s chairman Van Huu Chien.

Under the agreement, Rocky Lai & Associates Inc. will lease the planned site for 50 years to develop facilities for the IT park in Hoa Vang District. Meanwhile, Danang City pledged to grant the land-use certificates to Rocky Lai as well as other enterprises investing in the park and offer investment incentives.

Rocky Lai & Associates Inc. at the time pledged to complete infrastructure for the first 60 hectares at the end of next year and the rest of 71 hectares in 2015.

Also at the meeting on Thursday, Danang City decided to downscale a golf course project invested by South Korea’s Daewoo in Da Phuoc international urban area from 18 holes to nine holes so that the land will be used for the second branch of the Danang Software Technology Center.

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