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Sunday, November 17, 2024

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Danang

Korean perspectives on central Vietnam

Kang Boo Sung, consul general of South Korea in Danang City, discusses how Danang and its neighboring provinces in central Vietnam can attract Korean investors, particularly in high-tech industries The Saigon Times: Can you share your thoughts on cooperation and investment ties between South Korea and central Vietnam? Kang Boo Sung: Korean companies have made significant strides in central Vietnam, particularly in Danang. Dentium, a high-quality implant manufacturer, exemplifies this trend. It is currently the largest Korean investor in high-tech equipment in the city, having recently established a second factory at Danang Hi-Tech Park after its first plant was launched in 2019. Dentium’s expansion reflects the positive cycle fostered by Danang’s investor-friendly environment and Korean enterprises’ dedication to advancing technology. KP Aero Industries, another Korean company specializing in aircraft parts, is set to open a plant at the hi-tech park in the coming years. This investment is expected to play a crucial role in workforce development and contribute to Vietnam’s growing aviation and aerospace sector. In Quang Nam Province, Star Group Industrial (SGI), a rare earth magnet producer, will be a key player in promoting strategic cooperation in core minerals, an area of mutual interest agreed upon by leaders from […]
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Challenges ahead for Danang’s free trade zone

The National Assembly has recently approved special mechanisms and policies for the development of Danang City, including the pilot establishment of a free trade...

Danang eyes 7-7.5% growth rate for 2024

HCMC – Danang City has set an ambitious growth target of 7-7.5% for this year. During the 19th session of the Danang People's Council on...

Danang allowed to establish free trade zone

HCMC – National Assembly Chairman Tran Thanh Man has signed a resolution organizing municipal government and pilot special development policies and mechanisms for Danang...

Citilink Airlines to launch Jakarta-Danang charter flights by year-end

HCMC – Indonesia's Citilink Airlines plans to launch charter flights from Jakarta to Vietnam's central coastal city of Danang by the end of this year. This announcement...

Danang achieves 70.3% of 2024 budget revenue target in H1

HCMC – Danang City's budget revenue reached 70.3% of its 2024 target in January-June, with domestic revenue hitting 76% of the assigned goal. This achievement...

Fireworks competition in Danang

On the evening of June 8, the annual Danang International Fireworks Festival (DIFF) 2024 officially commenced with a spectacular competition between the defending champions...

Danang plans to invest VND7.2 trillion in 38 yacht projects

HCMC - Danang City has unveiled a plan to invest VND7,260 billion in building a series of yacht marinas and developing related facilities to...

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