Business

Da Nang to establish 58 hectare industrial cluster

The Da Nang People’s Committee has recently issued a decision to establish the Hoa Lien Industrial Cluster, spanning over 58.53 hectares, based on the technical infrastructure of the auxiliary area supporting the Da Nang Hi-Tech Park project.

Suits are produced for export at Kad Industrial.S.A Vietnam Company in the Hoa Khanh Industrial Zone of the central city of Da Nang (Photo: VNA)
Suits are produced for export at Kad Industrial.S.A Vietnam Company in the Hoa Khanh Industrial Zone of the central city of Da Nang (Photo: VNA)

Hanoi (VNS/VNA) – The Da Nang People’s Committee has recently issued a decision to establish the Hoa Lien Industrial Cluster, spanning over 58.53 hectares, based on the technical infrastructure of the auxiliary area supporting the Da Nang Hi-Tech Park project.

The industrial cluster is located in Hoa Lien commune of the central city’s Hoa Vang district. It is bordered by the Da Nang Hi-Tech Park to the north, hills and the Centralised Information Technology Park to the south, the Nam Hai Van Bypass and the Centralised Information Technology Park to the east, and hills and the Da Nang Hi-Tech Park to the west.

The project has a total investment of over 235.11 billion VND (9.25 million USD) funded by the city's budget, with the Da Nang Hi-Tech Park and Industrial Zones Authority serving as the investor.

It will attract industries, including automobile manufacturing and assembly projects, along with related support services, mechanical engineering and the production of auto parts and precision mechanics, as well as clean, environmentally friendly supporting industries.

Once completed, the project will be handed over to the Da Nang Centre for Industry and Trade Promotion under the municipal Department of Industry and Trade for management and operation. The transition, establishment and operation of the Hoa Lien Industrial Cluster are expected to take place between 2024 and 2027.

According to the municipal People's Committee, the establishment of this industrial cluster aims to provide land with technical infrastructure and services to attract industrial investment, especially in high-tech supporting industries, automotive manufacturing and assembly, and other supporting industries. This initiative is expected to create jobs and contribute to the overall development of Da Nang./.

VNA
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