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Nearly 30 Korean businesses seek investment opportunities in 'Da Nang Silicon Valley'

12/08/2020

On the afternoon of December 3, nearly 30 Korean businesses had a field trip, looking for investment opportunities in Da Nang IT Zone and Factory of Researching, Manufacturing and Assembling high-tech electronic equipment of SMT.

Da Nang IT zone is preparing to invest in phase 2, building a 26-hectare villa and specialist housing complex

At the field trip, Mr. Nguyen Anh Huy, General Director of Da Nang IT Park Development Joint Stock Company, said that at present, Da Nang IT Zone has completed synchronous technical infrastructure of 131 hectares of phase 1 with total investment $ 47 million investment, ready to attract secondary investors to invest.

  

Nearly 30 Korean enterprises went on field trips, looking for investment opportunities in Da Nang IT Park and SMT high-tech electronic equipment research and assembly factory. (Photo: Trungnam Land)

 

Centralized IT zone is extremely convenient when it is only 20 minutes from the city center by car. From here, you can easily access the Administration - Business Zone, International Airport, International Seaport, University and other tourist and entertainment destinations

The IT park is connected to the main roads including: Expressway Da Nang - Quang Ngai; Nguyen Tat Thanh extended street; Future metro and bus route (BRT); Lien Chieu International Port is about to be built ...

An expert zone and an eco-park with an area of 26 hectares in the IT Park, including luxury villas, hillside villas, apartments, sports, shopping, parks ... will also be developed. Investing in the coming time in order to provide a modern and comfortable living environment according to international standards to meet the needs of experts and partners working in the centralized IT zone.

"With the aim of becoming one of the best IT development communities in Asia in Da Nang city following the Silicon Valley model of the United States, Da Nang IT Zone has invested in the functional areas of the project to catch up with the need for investment and development in the current information technology boom, as well as to catch the wave of shifting production plants of many large corporations in the world.

In the next 3-5 years, the first phase of Da Nang IT Zone will be filled. Therefore, the implementation of the second phase of the technical infrastructure of the project is also being implemented urgently ", Mr. Huy affirmed.

The factory incubating three SMT lines was inaugurated on October 17 with a total project investment of 7 million USD. (Photo: Trungnam Land ).

Also at the field trip, Mr. Peter Huynh - CEO of Trungnam EMS Joint Stock Company introduced to Korean businesses the factory incubation of three SMT lines was inaugurated on October 17 with total investment capital. sentence 7 million USD.

The factory was born with the expectation of training a team of engineers who are knowledgeable and fully operate with the world's most advanced electronic board processing technology according to international standards. Thereby, it proves to partners that businesses can completely implement electronic products that meet all the most stringent quality requirements.

According to Mr. Peter Huynh, the SMT factory is also the first step in the development strategy for the entire production area of Da Nang IT Park, where currently Trung Nam Group is urgently implementing investment activities. The top is equal to 5 international standard factories in subdivision A2.

Korean businesses are interested in land rental rates and incentives when investing in Da Nang IT Park

Korean businesses are interested, asking many questions about land rental and incentives when investing in Da Nang IT Park. (Photo: Van Thesis).

When listening to Mr. Peter Huynh and Mr. Nguyen Anh Huy about the IT Park in Da Nang, many Korean businesses are very excited, asking many questions about land rental rates and incentives when investing here.

Mr. Peter Huynh said that if Korean businesses invest in Da Nang IT Zone, they will receive incentives such as: Free land rental depending on the type, size of investment and a period of 5 to 50 years.

Enterprises in IT can enjoy preferential corporate income tax for a period of 15 years. Import tax is exempted for imported goods to create fixed assets and serve the production of IT products and services of enterprises. Enjoy preferential export tax for IT products and services ..

Mr. Peter Huynh said that if Korean businesses invest in Da Nang IT Zone, they will be given incentives. (Photo: Van Thesis)

According to Mr. Nguyen Anh Huy, General Director of Da Nang IT Park Development Joint Stock Company, on October 31st, the company also signed a cooperation contract and hand over the DITP Tower (Lien Chieu district) two-storey premises for LG Electronics to establish the Development Center project for Car Components Solution.

The company hopes that in the near future, Da Nang IT Park, DITP TOWER, Northwest region, Da Nang will always be the first choice of member companies, research and development centers, manufacturers of satellites, auxiliary or other large corporations when there is a need to expand investment in Vietnam.

Korean businesses present at the field trip to explore investment opportunities include: Busan Port, Incheon Port, Lotte Land, POSCO A&C, HANA E&C, LS Electric ...