Da Nang pulls plenty in new investment projects

Technology giant FPT has applied to set up a company to produce computer hardware and software for export in central Da Nang city.

To be set up at the Da Nang Industrial Park in Son Tra District with a registered capital of 18 million USD, the project will also provide telecom and IT infrastructure services.

Luong Luc, head of the Da Nang Industrial Park and Export Processing Zone Authority’s Planning and Investment Division, said the project was likely to get the licence next month.

His agency has also given the go-ahead to Hong Kong’s Indochina Capital Corp to invest 70 million USD to develop a 68-hectare complex in Hoa Khanh Industrial Park that will comprise a hi-tech park, an office building, a commercial and services centre, and serviced apartments.

Indochina Land, a subsidiary of Indochina Capital, is also developing several other projects in the town like a five-star resort in Ngu Hanh Son district and a commercial tower along the Han River in Da Nang city.

Indochina Capital’s managing director, Peter Ryder, attributed his company’s large investments in the city to its rapid economic growth and well-developed infrastructure and human resources.

Source: http://www.vnagency.com.vn/Home/EN/tabid/119/itemid/215048/Default.aspx