RoK, Da Nang partners to intensify investment in industrial parks
VOV.VN -Local industrial property developer the Sai Gon Da Nang JSC (SGD) and the Korea CEO Summit organization signed a business agreement on the development of industrial parks and urban zones with a view to attracting more foreign direct investment projects to the central city of Da Nang.
Mai Cong Ho, general director of SGD, said the business deal will focus on funding for SGD’s projects and restructuring, as well as designing of urban and industrial park real estate projects in Da Nang.
He said that the two partners also agreed to draw more FDI flow to industrial parks and business promotions in the central city.
Ho stated that SGD has been developing four residential urban and two industrial park projects, of which Lien Chieu and the expanded Hoa Khanh amount to 67 projects value at US$850 million in FDI and VND20 trillion in domestic investment, thereby creating 9,000 jobs.
SGD, a member of Sai Gon Investment Group, also plans to join investment in new parks in Hoa Ninh and Hoa Nhon in Hoa Vang district, as well as mega projects of the Free Trade Zone, Lien Chieu deep-sea port, and international logistics centre in Da Nang.
According to the central city’s Hi-Tech park and the Industrial Zones Authority (DHPIZA), a supportive industries park across a 58.5ha site is looking for investment from both domestic and foreign businesses.
Korean giant investor Samsung debuted the Samsung Innovation Campus (SIC) in the city’s Duy Tan Private University and is supporting two businesses, including Trung Nam Group and Tan Long Paper and Package Company, in building the first smart factories in the coastal city.
The Republic of Korea (RoK)’s LG Electronics also introduced its R&D centre, only the second of its kind in the nation, in Da Nang.
RoK investors have since poured US$371 million into a total of 378 projects, in IT and communications, hi-tech industries, automation, and workforce training in the semiconductor sector and AI, in the city.
