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Da Nang calls for USD 604 million of investment

10:19 | 28/04/2020

The Da Nang Hi-Tech Park and the Industrial Zones Authority (DHPIZA) has offered bidding documents for the preliminary selection of investors for infrastructure development on three industrial zones in 2020-2023.

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da nang calls for usd 604 million of investment
Da Nang Hi-Tech Park (Photo: VIR)

Head of DHPIZA, Pham Truong Son said the international bidding will help seek eligible domestic and foreign investors developing infrastructure works on two new industrial zones (IZs) of Hoa Nhon, Hoa Ninh, and the second stage of Hoa Cam IZ on total 880ha with an estimated investment capital of VND13.8 trillion (US$604 million).

He said the IZs have been designed as ‘green’ and ‘clean’, calling for hi-tech and environmentally-friendly industries in 2020-2023.

The bidding of the three projects will open for all qualified investors on May 28, and the winners would commence construction later this year.

Hoa Cam industrial park project, phase 2, in Hoa Tho Tay ward (Cam Le district) and Hoa Nhon commune (Hoa Vang district) has an area of ​​120 hectares and an investment of more than VND 2,200 billion (US$93,000).

Hoa Nhon industrial park project in Hoa Nhon commune, has an area of ​​360 ha, with an investment of nearly VND 5,700 billion (US$242,000). In particular, the cost of compensation and site clearance is more than 2,500 billion (US$106,356).

Finally, the Hoa Ninh industrial park project in Hoa Ninh commune, Hoa Vang district has an area of ​​over 400 hectares and an investment of nearly VND 6,100 billion (YS$259,000). In particular, the cost of compensation and site clearance is more than 2,578 billion (US$109,674).

da nang calls for usd 604 million of investment
Entry into Hoa Cam Industrial zone, Da Nang (Photo: Kland)

All 3 projects are internationally procured and the implementation period is 4 years, according to Accompany.

To date, the Da Nang Hi-Tech Park and six other industrial zones (IZs) have drawn 505 projects worth $2.6 billion. These projects earned revenue of VND35.6 trillion ($1.5 billion) in 2019, contributing $213 million to the local budget, according to Bizhub.

Da Nang currently has 6 industrial parks including Lien Chieu industrial park, expanded Hoa Khanh industrial park, Hoa Khanh industrial park, Hoa Cam industrial park, Da Nang Aquatic Service Industrial Park and Da Nang Industrial Park. .

6 industrial parks have an area of ​​1,055.13 ha. In particular, the area of ​​industrial land leased and put into use is 650.98 hectares, with the occupancy rate accounting for 86.92%.

The city has called for investment from Silicon Valley and the US in healthcare, hi-tech industries, Artificial Intelligence, education, real estate and automation at Da Nang Hi-tech Park and IZs.

In March, the Da Nang-based Sunshine Aerospace components manufacturer plant, which was invested by the Universal Alloy Corporation from the US worth $170 million, began operation after one year of construction. It would manufacture over 4,000 different aerospace parts supplying Boeing, Airbus, Embraer, Bombardier, and export these parts to North America, Europe and Asia in the near future, reported by Vietnamnews.

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