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Investor begins building ICT service chain in Da Nang

02/24/2021

Works on a ICT factory zone begins at the Da Nang Information Technology Park. Trung Nam plans to build five ICT factories with an investment of US$65.2 million. Photo courtesy of Trung Nam Group

 

DA NANG — Trung Nam Group has started construction of five factories at the Information Technology and Communication (ICT) Service Zone in Đà Nẵng to host the moves of global supply chains.

The general director of Trung Nam Group, Nguyễn Tâm Tiến said the factory chain would be built on 9.3ha at Da Nang Information Technology Park with an investment of VNĐ1.5 trillion (US$65.2 million).

The group would also develop an apartment and villa zone for expert and engineers and an eco-park project on 26ha with a total of VNĐ2.1 trillion ($91.3 million) for accommodation facilities for investors and their families in the near future, he said.

Tiến said the group planned to build 23 more ICT factories and R&D zones to meet increasing demand from global partners  

“We debuted the first surface-mount technology (SMT) factory with a capacity of 6.2 million electronic products per year at the Đà Nẵng Hi-tech Park last year after three months of research,” he said.

A corner of an eco park at Da Nang Information Technology Park. The park will be developed as the first 'Silicon Valley' in Viet Nam. Photo courtesy of Trung Nam Group

 

He said the operation of the SMT factories chain will be a key step in building the Da Nang IT Park as central Viet Nam's 'Silicon Valley’, and call for investors from Silicon Valley and the US to invest in high-tech industries, artificial Intelligence (AI) and automation.

Trung Nam completed the first investment phase on 131ha at Da Nang IT Park with an investment of $47 million. It plans to develop the second phase on another 210ha with estimated funds of $74 million.

Universal Alloy Corporation – a leading global manufacturer of aircraft components for aerospace companies – from the US launched its factory for aircraft components worth $170 million, at the city’s Hi-Tech Park last March. 

Alton Industry from the US also plans to build a robot manufacturing project in the city’s Hi-tech Park. 

In 2019, two of the first Silicon Valley-based businesses – Meritronics AMT Inc and Ai20X Silicon Valley – agreed with Trung Nam Group to develop the Da Nang IT Park.

Last year, South Korea’s LG Electronics and Trung Nam Land JSC inked an agreement with a vision to transform Da Nang into the centre of technology and R&D in Viet Nam. — VNS

Reference:

https://vietnamnews.vn/economy/885939/investor-begins-building-ict-service-chain-in-da-nang.html