Da Nang city seeks hi-tech investment

The central coast city of Da Nang will continue to perfect infrastructure facilities at its Hi-Tech park to help attract more investment, especially from foreign groups.
The central coast city of Da Nang will continue to perfectinfrastructure facilities at its Hi-Tech park to help attract moreinvestment, especially from foreign groups.

According to thepark’s development plan for the next two years, top priority will begiven to encouraging foreign investors from Japan, the Republic ofKorea, the US, Taiwan and Singapore.

The plan, which was approvedlate last year by the municipal People’s Committee, also aims toaccelerate administrative reforms to better fascinate investors andsupport them in seeking financial resources to develop projects.

In addition to implementing measures for human resource training tobetter meet the demands of foreign investors for skilled employees,there will be a focus on speeding up domestic and overseas investmentpromotion to timely provide enough updated information about the park.

Established in October 2010, the Da Nang Hi-Tech Park, the third ofits kind in the country after Hoa Lac and HCM City hi-tech parks,covers an area of 1,010ha in Hoa Vang district.

Over half of thepark is designated for facilities related to scientific andtechnological research and development as well as hi-tech human resourcetraining.

Other prioritised industries include biological, newmaterial and energy production, nano-technology and environmental andmicro-electronics technologies.

City authorities are offeringpreferential policies on land use tax, waste water treatment fees andcorporate income tax to encourage investors.

In 2012, the park’smanagement board granted approval for Japanese firm Tokyo Keiki Co todevelop a 40 million USD factory producing electromagnetic switchingvalves and high-pressure pumps for export, making it the first projectin the park.

Another Japanese firm, Niwa Foundry Company, hasalso committed to pumps 21.87 million USD into a 2ha casting partsproduction project in the park.

The US-based semiconductorQualcomm pledged to broaden its mobile ecosystem by offering cheapersmartphones, better networks and more local digital content for users.

The company has invested in foundation technologies that allow computer programmers to create quicker and better products.

More than 70 of local computer programmers of applications have takenpart in the company’s workshop on new technologies for the Vietnamesemarket.

The company has also connected Vietnamese programmers andinternational investors who want to work with network serviceproviders’ value –added units.

By 2016, 90 percent of thecountry’s population will be able to use 3G services as theinfrastructure in Vietnam is the best in Southeast Asia.-VNA

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