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Vietnam Today

Da Nang high-tech zone attracts nearly $160 million in FDI

Released at: 08:00, 25/03/2017

Da Nang high-tech zone attracts nearly $160 million in FDI

Illustrative image. Photo: baodautu.vn

Major investors include Danapha, Tokyo Keiki, and Niwa Foundry, with more expected to follow.

by Hai Van

A total of nearly $160 million in foreign direct investment (FDI) capital from seven projects has gone to the Da Nang High-Technology Zone.

The investment has come from major investors such as Danapha ($68 million), Tokyo Keiki ($40 million), and Niwa Foundry ($30 million).

The zone’s management board is actively promoting a number of large investors from Japan and South Korea. “We expect to have at least one more project licensed shortly, with capital of about $30 million,” said Mr. Doan Ngoc Hung Anh, Deputy Director of the Da Nang Department of High-Technology.

The department regularly holds meeting with investors at the zone to discuss challenges in manufacturing, with any problems resolved together.

A representative from Keiki Vietnam said that managers at the zone should cooperate with enterprises and have a clear document plan for investors, which will give them peace of mind when investing and operating.   

Mr. Hung Anh said that managers at the zone always take care of enterprises and put themselves in the business’s position to support investors and resolve issues as quickly as possible.

Zone managers have proposed a bus rapid transit (BRT) route from the city to the zone to facilitate the movement of workers. The route is being researched by the city’s Department of Transport and will be proposed to city leaders in the near future.

Da Nang was again ranked No.1 in the Provincial Competitiveness Index (PCI) for 2016, released by the Vietnam Chamber of Commerce and Industry (VCCI) on March 14. It scored 70 points out of 100 and topped the list for the seventh time and the fourth year in succession.

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