The city expects to soon complete a framework of mechanisms and development plans to submit to Prime Minister Nguyen Xuan Phuc for approval to spur the development of the park.
Since the end of the 20th century, Da Nang has invested in building Hoa Khanh industrial zone to attract investments and boost local economic development.
To create more breakthroughs in socio-economic development, the city decided to build the Da Nang high-tech park and received approval in 2010 from then Prime Minister Nguyen Tan Dung. This is the third high-tech park nationwide, along with others in Ho Chi Minh City and Hanoi.
Covering 1,128 hectares, the park is located northwest of Da Nang city in Hoa Vang district. It sits along the Da Nang-Quang Ngai expressway, linking with Chan May Economic Zone in Thua Thien-Hue province, Chu Lai Open Economic Zone in Quang Nam province and Dung Quat Economic Zone in Quang Ngai province in the central region.
Da Nang aims to create momentum for the local economy by investing in the high-tech park. The city has implemented models, policy mechanisms, plans and solutions to promote innovations and startups to be piloted in the park.
The park is expected to create a favourable environment in terms of technological infrastructure and investment incentives to encourage organisations, individuals and businesses at home and abroad to carry out research, incubation activities, train high-tech personnel and provide high-tech services.
Dr. Kum Dongwha from the Vietnam-Korea Institute of Science and Technology said to boost development and promote innovation and startups, it is important to conduct research on economic development.
He pointed out decisive factors to successes for the Republic of Korea (RoK) regarding national development plans, including selective strategies, strong Government research institutes, technological planning schemes, consensus of experts and cooperation between ministries and agencies.
The Government has sent a document to the Prime Minister’s economic consulting team and the municipal People’s Committee, assigning the committee to work on mechanisms, policies, plans and solutions to promote innovations and startups, and report results to the PM in the third quarter of 2018.
Prof. and Dr. Nguyen Duc Khuong, President of the Association of Vietnamese Scientists and Experts in France and a member of the economic consulting team, viewed innovations and creations as fundamental factors for economic growth model reform.
He highlighted the steering role played by the Government in this regard, and stressed the need to roll out comprehensive, long-term policies and strong reforms towards a startup ecosystem driven by the private sector.
During a working session with municipal leaders in late July, Deputy Prime Minister Vu Duc Dam said challenges and opportunities always go in tandem, noting that creations and innovations are needed to maximize opportunities.
It is necessary to develop IT and other sectors based on IT, while stepping up high-quality human resource development, he said.
The Da Nang high-tech park has attracted investment in various realms like automation and accurate mechanics, electronics, information and communication technology (ICT), new material technology, new energy, bio-technology and environmental technology, among others.
To lure more investment, the city has offered incentives in tax, land lease and infrastructure use, along with services to investors.
The central city of Da Nang aims to have the GRDP growth of 9 – 11% and GRDP per capita ranging between US$7,000 and US$9,000 for 2018 – 2030.
To that end, Da Nang plans to achieve strong economic growth with breakthroughs by promoting Industry 4.0 and international integration; develop a local and regional hub for startups, innovation and creativeness; strive towards industrialisation and modernisation to motivate the growth and integration of the central and Central Highlands regions.