Cranes unload cargo from a ship at Da Nang seaport. (Source: VNA)The proposals were submitted during a meeting with the city's leaders as partof Da Nang's development towards becoming a 'smart' city.
The city’s Investment Promotion Agency (IPA) said BRG and Sumitomo said theywill strengthen logistics networks and the air and sea connections, to improve DaNang’s resiliency and enhance economic growth.
It said the two businesses are willing to jointly promote the Lien Chieudeep-sea port, Da Nang International Airport, logistics centre and seaport andairport connections.
“It’s just a meeting in introducing the city’s capability and experience atinvestment promotion projects to key investors. The two investors have kepttheir eyes on infrastructure projects in Da Nang, but more details and furtherstudies of projects are needed in the coming time,” said IPA Director Huynh ThiLien Phuong.
“Da Nang plans to develop four key infrastructure bases, including a seaportand airport system; hi-tech industry and smart city; information technologydigital economy and hi-tech agriculture in the Master Plan,” she said.
Last October, BRG Group commenced construction of the 36-storey BRG Da NangGolf resort with a total investment of 71 million USD in Ngu Hanh Son district– three years after launching the five-star Sheraton Grand Da Nang resort.
The banking-real estate-golf group and Sumitomo have been developing a seriesof industrial parks in Hanoi, Hung Yen and Vinh Phuc as well as Fiji Martchains in Hanoi.
BRG and Sumitomo have been developing a ‘smart’ urban area in the north of Hanoi,with a total investment of 4.2 billion USD.
The BRG Group alone has been implementing a master plan for the development ofHoa Vang district northwest of Da Nang.
BRG Group, Japanese Sumitomo Group, VNPT Group, Vietnamese Seabank agreed oncooperation deals in fintech, developing smart cities and other projects inTokyo 2019.
In 2020, experts from the Japan International Cooperation Agency (JICA) began asurvey on the feasibility of the Lien Chieu Port construction project.
The development of Lien Chieu Port aims to turn the central city into the mainlogistics centre of ASEAN and the East-West Economic Corridor (EWEC) that linksLaos, Myanmar, Thailand and Vietnam.
The Universal Alloy Corporation (UAC) from the US launched the first stage ofthe 170 million USD Da Nang-based Sunshine Aerospace components manufacturingplant last year.
Despite the challenges of COVID-19, Fujikin International Incorporated fromJapan started construction of an R&D centre at Da Nang High-Tech Park worth35 million USD, while Japanese Daiwa Vietnam also began building its thirdfactory in the city with an investment of 40 million USD.
Da Nang has been calling for investment from Silicon Valley and the US inhealth care, hi-tech industries, Artificial Intelligence, education, realestate and automation at Da Nang hi-tech park and industrial zones.
Da Nang has drawn 503 projects, including 130 FDI worth 1.8 billion USD and 27.56trillion VND (1.2 billion USD), from domestic investors./.
VNA
