Accordingly, the first project will be a logistics trade and service centre, comprising offices for rent, a logistics depot, a container storage yard, shopping mall, multifunctional sports complex, and a convention hall and hotel complex. The construction process will be divided into three phases and built on an area of more than 9ha at a total cost of VND1,230 billion. The company will begin break ground for the initial phase in the first quarter of this year, which is expected to enter operation in early 2021.The second project is an ESTEC digital plant spanning an area of nearly 1ha and drawing a total investment capital of VND182 billion. It includes a research and development centre for automation technologies, digital data management, and cloud computing, which are scheduled to come into operation in January 2020.The Da Nang Hi-Tech Park has so far lured 10 projects to choose the prime location as a home, with a total investment of more than US$249 million, including three wholly foreign invested projects.According to Deputy Head of Da Nang Hi-Tech Park Management Board Doan Ngoc Hung Anh, Prime Minister Nguyen Xuan Phuc has signed a decision on incentives for the Park, boding well for its operations this year.
The Mikazuki hotel Group from Japan will spend more than US$100 million to build a water park and five-star hotel on the beach of Da Nang – the biggest investment in tourism property from Japan iin the city.The project, which will cover 13ha, will include a 5ha water park, and a five-star hotel with 280 rooms on Da Nang Bay.It is the biggest foreign investment in tourism property in the city this year.Earlier, the Route Inn Group from Japan launched a four-star hotel project, the Grandvrio Da Nang City. It is the first of a chain of 50 hotels in…... [read more]
The city has so far lured seven projects valued at US$158 million in high-tech parks, granted licenses to five projects worth VND7.050 trillion (US$306.5 million) and recorded additional capital of over VND1.4 trillion (US$60.86 million).
During the past six months, Da Nang licensed 36 foreign-invested projects worth a total of US$32 million, up 20% in volume and 269.5% in value annually.
Since early this year, the city has granted licensed to 2,177 enterprises, branches and representative offices with aggregate registered capital of nearly VND13 trillion, marking a 44.8% increase…... [read more]
Sixty per cent of Japanese investors face ongoing challenges with legal transparency, taxes, investment licence procedures and administrative reform when they invest in projects in the central region and Da Nang City. — Photo infonet.vn DA NANG (Biz Hub) — Sixty per cent of Japanese investors face ongoing challenges with legal transparency, taxes, investment licence procedures and administrative reform when they invest in projects in the central region and Da Nang City. Kana Miyazaki, deputy chief representative of the Japan External Trade Organisation (JETRO) in Ha Noi, reported these and other statistics yesterday during the annual dialogue between the Japanese…... [read more]
Enviro-aware Da Nang rejects enticing projects (29-11-2007) DA NANG — Da Nang has rejected a US$1.4 billion investment proposal by a foreign firm on environmental grounds, saying it will only accept investments that dovetail with its master plan. Tran Van Minh, chairman of the city people's committee, said yesterday a Japanese company's offer to set up a paper and pulp plant in the Lien Chieu Industrial Park could have a negative impact on the environment. The city's master plan for development towards 2020 aims to make the city environmentally safe, giving priority to investments in tourism and services, and the…... [read more]
Battery-powered cars used to transport tourists in Da Nang. Mitsubishi Corporation Viet Nam plans to develop an electric car project in Da Nang.— VNS Photo Cong Thanh Japanese Mitsubishi will co-operate with the central city of Da Nang in production of battery-powered cars, high-quality health care service and information technology, as well as infrastructure projects. President and General Manager of Mitsubishi Corporation Viet Nam, Tetsu Funayama, announced the plans at a meeting with Da Nang city’s leadership last week. He said Mitsubishi Viet Nam will co-operate with local software giant FPT in IT, with the city’s central hospital in health…... [read more]
