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Da Nang government boost the support for businesses to soon realize the dream of "Silicon Valley"

03/18/2021

For the centralized information technology (IT) zone - which is expected to be "Da Nang Silicon Valley", Chairman Le Trung Chinh City's People's Committee committed to direct relevant departments and branches to urgently support the investor on legal procedures as well as handing over the land to implement the next phase of the project.

Business will be supported as much as possible

At the launching ceremony at the beginning of the year Tan Suu of Danang IT Park Development Joint Stock Company (Danang IT Park) took place on February 19, Mr. Nguyen Tam Tien - General Director of Trungnam Group said: To quickly realize turning Da Nang IT Zone into a key technology park of the country, apart from investors' determination, qualifications and capacities, is also the comprehensive help, support and assistant from the local government.
“We are now looking forward to receiving support from the authorities of Da Nang city in completing legal procedures, early allocating land to investors for the implementation of phase 2 of the project, facilitating the implementation of the project soon match and complete infrastructure, essential ecosystems, ready to welcome investors. Currently, the entire approved DTM environmental treatment system is in phase 2, the delay in investment will lead to many difficulties in legal, environmental and especially investment attraction for the project. ", Mr. Nguyen Tam Tien shared.
According to Mr. Tien, currently the investor has completed 131ha of phase 1 infrastructure. With favorable investment progress, Da Nang IT Zone will soon be filled up, contributing to the realization of the project. Da Nang city development under the direction of the Politburo in No. 43-NQ / TW January 24, 2019 on the construction and development of Da Nang city until 2030, with a vision to 2045.
Speaking at the ceremony, Da Nang City People's Committee Chairman Le Trung Chinh said: “In 2020, the city as well as the business community face many difficulties. In 2021, Da Nang agreed to choose the theme of restoring growth and continuing to promote economic development so that the growth in this year must be at least 6%. This is a very difficult target, requiring the commitment of the entire political system, the companionship and sharing of the business community ”.
Also according to the Chairman of the City People's Committee Le Trung Chinh, the good signal is that the socio-economic development targets of January 2021 increase by 6-10% compared to January 2020. Many projects have been implemented, many investors have registered to invest in the city. 
Mr. Le Trung Chinh emphasized: “Da Nang commits to provide maximum support for investors to implement projects effectively. City leaders also shared difficulties with the business community, continuing to support businesses to complete legal procedures to quickly implement projects. With the centralized IT zone, the city will direct the concerned departments and branches to urgently support the investor in legal procedures as well as hand over the premises to implement the next phase of the project ”. 

Many happy signals at "Da Nang Silicon Valley"

Currently, Trungnam Group is urgently investing in the construction of a specialized ICT factory in subdivision A2 (the division of production and business of IT products and services in Da Nang centralized IT zone) on an area of 9.3 hectares with 5 The factory has an area of 4,000 - 6,000 square meters / floor with a 3-storey showroom and internal technical infrastructure.
The investor will use 2 factories to continue to invest in 16 SMT lines (board production and assembly lines, electronic components), 16 Mechanical Assembly lines, the remaining 3 factories will promote to call for investment into electronics and telecommunications. These are important pivotal projects of Da Nang IT Park to catch the wave of global supply chain shift after the Covid-19 pandemic with a total investment of nearly VND 1,500 billion. It is expected that the projects will be basically completed in 2021.
According to recorded information, Da Nang IT zone in 2021 will continue to invest in the Project of Specialist Zone and Eco-Service Park on a total area of 26ha, including: 4 apartment blocks with height from 10 - 21 floors, 64 villas, 33 hillside villas, sports area, Club House, central park ... with total estimated investment of about 2,100 billion VND.
In addition, the investor continues to plan to invest in the remaining 23 factories in the production area of phase 1 to meet the increasing orders from partners, prepare and deploy investment. R&D area 20ha (10ha located in phase 1 and 10ha located in phase 2 of the project); looking for partners for cooperation in the development of Office and Exhibition Area combined with Data Center….
“With just over 3 months of operation and research, the Trungnam EMS factory with the SMT production line previously inaugurated for domestic and foreign investors to feel the new development potential of Da Nang. The good news coming here is that after a period of research and online negotiation, the EMS factory chain will sign a memorandum of understanding for development cooperation with a strategic partner from Silicon Valley in the US. In the next 5 years, the annual revenue of this factory chain will reach 1.2 billion USD / year, ”said Trungnam Group General Director Nguyen Tam Tien.

Danang IT Park - Danang IT Park (located in Hoa Lien commune, Hoa Vang district) with a total project scale of 341 hectares is planned in 2 phases. Phase 1 covers an area of 131 hectares with a total investment of 47 million USD. Phase 2 covers an area of 210ha with a total investment of 74 million USD.

Danang IT Park provides services for companies operating in the field of IT, IT services, electronic products, digital information products, ITO, BPO, R&D - IT training ... including: Industry Hardware; software industry; digital content industry.

 

References:

http://kinhtedothi.vn/da-nang-ho-tro-toi-da-cho-doanh-nghiep-de-som-hien-thuc-giac-mo-thung-lung-silicon-410579.html

https://plo.vn/kinh-te/thung-lung-silicon-da-nang-dat-muc-tieu-12-ti-usd-nam-967966.html

https://thoibaonganhang.vn/trungnam-ems-huong-den-doanh-thu-12-ty-usdnam-111811.html