The industrial zones and high-tech park authority (DHPIZA) of the central city of Da Nang has granted an investment licence to a semiconductor project worth US$110 million from the firm United States Enterprises.

The Republic of Korea (RoK)’s LG Electronics and Trung Nam Land JSC inked an agreement on October 30 with a vision to transform Da Nang into the centre of technology and R&D in Vietnam, creating a mini 'Silicon Valley'.