Danang seeks industrial park investment

July 17, 2023 | 09:12

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Danang is seeking investors for three industrial parks (IPs), namely Hoa Cam-phase 2, Hoa Nhon, and Hoa Ninh, with a total area of nearly 900 hectares.

Hoa Ninh IP will cover an area of 400 hectares and will focus on attracting investors from the electronic, engineering, pharmaceutical, and consumer goods sectors. Hoa Ninh expects to entice at least two $100 million projects worth $5 million per ha upward.

Expected to cover an area of 360ha, Hoa Nhon IP is targeting light industry, and high-end construction materials with at least two projects having investment capital of over $60 million. The remaining projects cost at least $4 million per ha.

Hoa Cam-phase 2, with a scale of 120ha, prefers projects in mechanical assembly, electronics and electricity with at least a project having a capital of more than $50 million.

Bui Duc Loi, managing director of Hoa Cam Industrial Park JSC, the developer of Hoa Cam IP-phase 1, said that establishing additional IPs was an urgent requirement because at present many manufacturers in IP-phase 1 want to introduce investors and partners to investment in new IPs in Danang.

Tran Van Ty, deputy head of Danang Industrial Parks Management Authority, said that the authority would accelerate procedures to select investors for these IPs.

Besides this, the authority will collaborate with relevant authorities to implement procedures to switch traditional IPs to eco-IPs and revoke the licence of long-delayed projects as part of the plan for the 2021-2025 period.

Danang is home to six IPs, which cover a total area of 1,067ha. The occupancy rate has reached more than 87 per cent, including four IPs reaching 100 per cent.

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