Da Nang Hi-Tech Park attracts US$177 million FDI project

Society – Economy - Ngày đăng : 14:09, 29/11/2024

The Da Nang Hi-Tech Park continues to strengthen its position as a leading investment hub with the recent in-principle approval of a US$177 million project by Dentium Co., Ltd., from the Republic of Korea (RoK).

da nang hi-tech park attracts us 177 million fdi project picture 1 — Leaders and department heads of Da Nang pose for a photo with representatives from Dentium Co., Ltd. .

This significant investment brings the total registered foreign direct investment (FDI) in the park to US$875.2 million, spanning 13 projects.

Vu Quang Hung, head of the Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA), ICT VINA III is identified as a pivotal project for 2021-2025 under Da Nang's "Master Plan for Hi-Tech Park Development to 2030," approved in October 2019.

With Dentium's robust financial capacity and technological expertise, the project is expected to meet its deadlines and prove effective, he noted.

Hwang Sung I, Deputy Director of ICT VINA Co., Ltd, said this is Dentium’s third investment in the Da Nang Hi-Tech Park, following US$20 million ICT VINA approved in 2018 and US$60 million ICT VINA II approved in 2020. Together, these projects represent a total investment of US$257 million.

Since the beginning of 2024, the DHPIZA has licenced four new projects, including two FDI projects worth US$178.5 million and two domestic ones capitalised at VND810 billion.

So far, the city has attracted 521 projects to its hi-tech park and industrial zones. These include 396 domestic projects with a combined investment of VND33.88 trillion and 125 FDI ones valued at US$2.22 billion.

VNA