Danang approves master plan for high-tech park development to 2030

The perspective for Danang High-Tech Park, outlining the scale of the work to be done towards 2030

Specifically, the master plan was enacted with a view to helping the city mobilise resources from the central to the local level.

It also aims to form effective co-ordination between the Danang High-Tech Park Management Board and city-based industrial parks with the concerned agencies and units in the city and other localities in the central and Central Highlands regions.

The project is also associated with the economic development goals outlined in Resolution No.43-NQ/TW dated January 24, 2019 of the Politburo, ensuring that the contribution of Danang High-Tech Park to the city's GRDP will reach at least 15 per cent by 2030.

The scheme has set out specific objectives for 2020-2025 and 2026-2030, thereby identifying key tasks in infrastructure investment, development of functional sub-zones associated with production, research-incubation-training, logistics and high-tech services, and supporting industries creating favourable conditions to strongly attract high-tech industry investment for Danang Hi-Tech Park.

After nine years of construction and investment, Danang High-Tech Park has basically completed 85 per cent of the work volume of phase 1 and 70 per cent of the work volume of phase 2, providing more than 350ha of cleared space for investors with full basic infrastructure for production.

According to Danang Department of Planning and Investment, up to now, Danang High-Tech Park has attracted 17 projects, including eight FDI projects with a total capital of about $331 million (accounting for 58.8 per cent) and nine domestic investors with a total capital of VND5.353 trillion ($232.7 million, accounting for 41.2 per cent).

In particular, it courted the project on building the Sunshine aerospace component factory of US investor UAC with a total investment of up to $170 million, one of the largest FDI projects in Danang city.

Besides perfecting infrastructure to attract investment for hi-tech production activities, Danang High-Tech Park also works on building a hi-tech enterprise incubation centre, investing in training centres, as well as technology development and application research centres to form a series of research, incubation, and training centres as an initial basis for the formation of an innovative startup ecosystem right at the park.