Da Nang expects to lure at least 10 hi-tech projects by 2020

The target is set in Da Nang’s plan on industrial development until 2020. Under this plan, the city also wants to become an investment destination of two or three leading IT firms of the world.

Chairman of the municipal People’s Committee Huynh Duc Tho said Da Nang has favourable mechanisms for hi-tech industry projects. It also encourages and will assist projects that invest in the supporting industry, machinery manufacturing, car and transport vehicle production, consumer goods with high added value, and environmental industry.

The city welcomes projects which save natural resources and fuel, use clean technologies, and create consumer-safe and eco-friendly products. Meanwhile, projects consuming much energy, using outdated technologies and posing high risk of environmental pollution will be rejected.

To attract hi-tech projects, Tho stressed, Da Nang is calling for investment in developing infrastructure, training and research establishments, and hi-tech business incubators. It is also hastening procedures for the foundation of new industrial parks and clusters.

The municipal authorities have assigned relevant agencies to devise policies to support businesses in manpower training, he added.

Da Nang is currently home to six industrial parks accommodating 446 investment projects. The Da Nang Hi-tech Park has attracted seven projects with a total investment capital of 157.6 million USD.