An engineer monitors a production line at a circuit board factory at the Da Nang IT Park. The central city's IZs and IPs have still lured investment in spite of the coronavirus outbreak. (Photo courtesy of Trung Nam Group) Sonconfirmed to Vietnam News, that the municipal People’s Committee has asked theboard for an introduction to the park for the US investor from California.
It’sa positive recovery sign for foreign investment in the city during thecoronavirus pandemic that has hit the city and many provinces in Vietnam, Sonsaid.
Despitethe outbreak of COVID-19 in the city, potential foreign and domestic investorshave been eyeing establishing manufacturing factories at the central city’sindustrial zones and hi-tech parks. In all, a total of 145.3 million USD from16 foreign direct investment projects and 481 billion VND (21 million USD) from12 domestic projects flowed into the city in the first six months of this year,Son said.
Healso said the Fujikin Incorporated from Japan planned to inaugurate the firstR&D centre at Da Nang High-Tech Park in the order of 35 million USD toproduce air valves using semiconductor production lines, as well as medicalequipment, robots, new energy technology using hydrogen, and ArtificialIntelligence (AI).
Earlier,Da Nang HPIZA agreed to an investment proposal from Intex Development Company,a member of Intex Group from the US to build a factory for 12 million USD at HoaKhanh Industrial Zone.
Itwould produce 1.9 million water filter boxes for above ground pools and 2.4million water and air pumps per year.
InJune, local bakery Bao Ngoc company agreed to pour 160 billion VND (7 million USD)into building a plant in Da Nang and supplying 12,000 tonnes of products peryear.
Anotherlocal logistics company, Vinalog, decided to build a logistic service centre on15,000sq.m at the Hoa Khanh IZ with 75 billion VND (3.3 million USD).
Thelogistics centre would provide a storage and commodities packaging system witha 300,000 tonne capacity each year.
Accordingto the HPIZA managing board, a Da Nang joint-stock steel producer will build asteel factory with 42.5 million USD investment at Lien Chieu IZ. The steelproducer said it would supply 500,000 tonnes of steel for construction eachyear.
Some keymanufacturing companies at the city’s hi-tech park and IZs have been implantingthe ‘three-on-site’ policy for labourers to continue operations during the mostrecent COVID-19 outbreak.
Son saidaerospace components manufacturer Universal Alloy Corporation (UAC), Da NangRubber company and Dong A Paper Mill had created safe working zones and dininghalls as well as temporary sleeping areas for workers so that they can stay onsite.
Earlier thisyear, investment proposals were granted to Silicon Valley investors includingArevo Inc and United States Enterprises with a total investment of 245 million USDfor developing a semiconductor and a 3D printer manufacturing project at thecity’s Hi-tech Park.
The city hadbeen calling for investors from Silicon Valley and the US in healthcare,high-tech industries, artificial intelligence (AI), education, real estate, andautomation./.
VNA
