Mon. Nov 28th, 2022

The central coast city of Da Nang will continue to perfect
infrastructure facilities at its Hi-Tech park to help attract more
investment, especially from foreign groups.

According to the
park’s development plan for the next two years, top priority will be
given to encouraging foreign investors from Japan, the Republic of
Korea, the US, Taiwan and Singapore.

The plan, which was approved
late last year by the municipal People’s Committee, also aims to
accelerate administrative reforms to better fascinate investors and
support them in seeking financial resources to develop projects.

In addition to implementing measures for human resource training to
better meet the demands of foreign investors for skilled employees,
there will be a focus on speeding up domestic and overseas investment
promotion to timely provide enough updated information about the park.

Established in October 2010, the Da Nang Hi-Tech Park, the third of
its kind in the country after Hoa Lac and HCM City hi-tech parks,
covers an area of 1,010ha in Hoa Vang district.

Over half of the
park is designated for facilities related to scientific and
technological research and development as well as hi-tech human resource
training.

Other prioritised industries include biological, new
material and energy production, nano-technology and environmental and
micro-electronics technologies.

City authorities are offering
preferential policies on land use tax, waste water treatment fees and
corporate income tax to encourage investors.

In 2012, the park’s
management board granted approval for Japanese firm Tokyo Keiki Co to
develop a 40 million USD factory producing electromagnetic switching
valves and high-pressure pumps for export, making it the first project
in the park.

Another Japanese firm, Niwa Foundry Company, has
also committed to pumps 21.87 million USD into a 2ha casting parts
production project in the park.

The US-based semiconductor
Qualcomm pledged to broaden its mobile ecosystem by offering cheaper
smartphones, better networks and more local digital content for users.

The company has invested in foundation technologies that allow computer programmers to create quicker and better products.

More than 70 of local computer programmers of applications have taken
part in the company’s workshop on new technologies for the Vietnamese
market.

The company has also connected Vietnamese programmers and
international investors who want to work with network service
providers’ value –added units.

By 2016, 90 percent of the
country’s population will be able to use 3G services as the
infrastructure in Vietnam is the best in Southeast Asia.-VNA

By vivian