Business

Da Nang to build horse racing centre

The central city of Da Nang is planning to allocate 300ha for the development of a horse racing track and farm with total investment of 200 million USD.
Da Nang to build horse racing centre ảnh 1A development plan of Da Nang city (Photo: VNA)

Da Nang (VNA) - The central city of Da Nang is planning toallocate 300ha for the development of a horse racing track and farm with totalinvestment of 200 million USD.

Deputy Director of the city’s Investment Promotion Agency (IPA) Huynh Thi LienPhuong, said an investor – Maxtrix Holdings – had asked the city to allocate100ha for a race track and 200ha for a farm and training facilities.

Lien said the city had chosen an appropriate area for the project.

The project has the biggest investment of 44 plans approved by the municipal People’sCommittee last month.

The city is also looking to develop the Da Nang Software Park No 2 on 5.26hawith an estimated 91.6 million USD, and the Pegasus University urban zone withan investment of 15 million USD.

It said the project would include a software park, a 26-storey apartmentbuilding and offices.

Da Nang will reserve land for building a financial centre, casino and resortprojects along Vo Van Kiet and Vo Nguyen Giap streets in Spn Trà district.

According to the IPA, Da Nang has granted 322 new licences for domesticinvestors worth 97 trillion VND (4.2 billion USD), and attracted 675 foreign directinvestment projects worth 2.9 billion USD.

The IPA said businesses from Singapore are eying Da Nang as a potentialinvestment destination in central Vietnam, especially in the fields of health care,advanced technology and tourism.-VNA
VNA
#Da Nang city #horse racing track in Da Nang #horse racing centre in Da Nang #Maxtrix Holdings #investment in Da Nang #foreign investment in Da Nang #Da Nang Software Park No 2 #updated Vietnam news #Vietnamplus #Vietnam News Agency Da Nang
Follow VietnamPlus

Related News

Foreigners allowed house ownership in Da Nang

Foreigners allowed house ownership in Da Nang

The Department of Construction of central Da Nang city has listed 17 commercial housing projects that allow foreigners to own homes, including eight in Son Tra peninsula and six in downtown Hai Chau district.
Da Nang prioritises FDI attraction in high-tech fields

Da Nang prioritises FDI attraction in high-tech fields

In 2019, the central city of Da Nang will prioritise drawing foreign direct investment (FDI) in the fields of information technology, supporting industry, and high-quality services, especially in trade, tourism, logistics, healthcare, education, and high-tech agriculture. ​
Da Nang – Destination of 2019

Da Nang – Destination of 2019

With the success of hosting several big international conferences and unique tourism products, the central beach city of Da Nang has received bigger attention of foreign visitors.

See more

A company in Da Nang operates a customer relationship management system supported by AI chatbots. (Photo: VNA)

AI drives rise of sleepless enterprises in Vietnam

The concept of a sleepless enterprise does not necessarily mean making employees stay on the job all the time. Instead, it's about building intelligent systems that can respond to customers, process transactions, monitor operations, analyse data and flag risks continuously.

Head of the Vietnam Trade Office in Australia Tran Thi Thanh My (Photo: VNA)

Vietnam, Australia eye 20 bln USD trade target

The head of the Vietnam Trade Office in Australia hoped that the visit by Party General Secretary and State President To Lam will mark a new milestone, opening the door for firms on both sides to forge stronger links and launch concrete cooperation agendas, helping hit that 20 billion USD trade goal sooner rather than later.

Phu Quoc pepper products, granted three stars under the OCOP programme in An Giang province, are displayed at an exhibition of outstanding OCOP products from the Mekong Delta. (Photo: VNA)

Phu Quoc leverages OCOP programme to take local specialities global

Better known as one of Vietnam’s premier island destinations, Phu Quoc is leveraging its “One Commune, One Product” (OCOP) programme to transform traditional specialities into internationally recognised products, integrating local agriculture, food processing and tourism to promote sustainable economic growth.

Production at an FDI enterprise in Tay Ninh province. (Photo: VNA)

FTA Index 2025 to be unveiled later this month

The index is designed to provide valuable information not only for State management agencies but also as an important reference for businesses, foreign investors, and industry associations in planning investment and business activities in Vietnam.

Air Premia, a carrier of the Republic of Korea, will resume flights between Incheon and Ho Chi Minh City from November 5. (Photo: The Courtesy of Air Premia)

Air Premia to resume Incheon–Ho Chi Minh City route from November

Flights will depart Incheon International Airport at 6:40 pm (RoK time) and arrive at Tan Son Nhat International Airport in Ho Chi Minh City at 11 pm (Vietnam time). Return flights will leave Ho Chi Minh City at 12:30 am on Mondays, Tuesdays, Thursdays, Fridays and Sundays, landing in Incheon at 7:40 am.

Production at Viet Hai High-Tech Structure Production Company Limited in Vung Ang Economic Zone. Ha Tinh province aims to develop Vung Ang Economic Zone into a regional centre for industry, energy, seaports and logistics (Photo: VNA)

Revised master plan of Vung Ang EZ approved

The adjustment aims to create a more rational development framework to maximise the zone’s potential and advantages while providing a legal foundation for construction management and ensuring sustainable development.

Illustrative image (Photo: VNA)

Vietnam looks to domestic market to sustain wood industry growth

Vietnam’s wood sector has long been a top foreign-currency earner. Exports of wood and wooden products neared 17.3 billion USD in 2025, reaching more than 160 countries and territories and clearing the high bars set by the US, the European Union and Japan.

Delegates at the event (Photo: VNA)

Vietnam remains key market for Polish food producers

The campaign promotes selected European Union agricultural and food products, including fresh, chilled and frozen beef and pork, fresh apples, apple juice and dried apples, targeting consumers, importers, distributors, retailers and the hospitality sector.

Wei Xiaoli, a representative of Shandong Jindafeng Machinery Co., Ltd., in an interview granted to the Vietnam News Agency. (Photo: VNA)

Chinese firms see strong potential for agricultural mechanisation cooperation with Vietnam

Business representatives said mechanisation not only helps reduce reliance on manual labour but also improves production efficiency, shortens planting and harvesting times, reduces post-harvest losses and enhances the quality of agricultural products. For rice-producing countries like Vietnam, they noted, accelerating mechanisation is an inevitable trend to strengthen the competitiveness of the agricultural sector.

Community-led fisheries groups have become frontline defenders of coastal fisheries. (Photo: VNA)

Community-led fisheries groups strengthen IUU fight in Ha Tinh

With a long coastline and abundant inshore fishing grounds, Ha Tinh has long identified the marine economy as a key growth driver. However, growing fishing pressure and destructive practices have posed major management challenges. Community-led self-management initiatives are now providing an effective solution.

At the VIFC-HCMC (Photo: VNA)

700 bln USD for net zero: Vietnam bets on VIFC

Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of the Executive Board of VIFC-HCMC, said the VIFC will focus on building market infrastructure needed to bridge the gap between big investment pledges and bankable projects.