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Thursday, June 13, 2024

Danang prioritizes high-tech industries in 2024

The Saigon Times

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HCMC – The central coast city of Danang has mapped out plans to attract investments in high-tech industries, with a primary focus on semiconductor design, artificial intelligence (AI), big data, and digital technology.

The city wants to leverage the shift in foreign direct investment (FDI) inflows into Vietnam, with the goal of attracting leading companies from the U.S., Europe and Asia, said Nguyen Thi Thanh Huong, deputy director of the provincial Department of Planning and Investment.

In the semiconductor sector, Danang is actively seeking major firms from the U.S., Europe, and Japan to invest in the design phase. Meanwhile, businesses from Asian economies like Taiwan, South Korea, Malaysia and Singapore will be encouraged to invest in the assembly, testing, packaging, and other stages of the semiconductor supply chain.

Danang is committed to providing comprehensive support, including information, handling of requests and issues, and project implementation assistance.

In 2023, Danang approved 104 new foreign-invested projects with total registered capital of US$151.2 million, according to data from the city’s Statistics Office.

Danang’s economic growth target for 2024 is set at 8% to 8.5%.

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