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Da Nang cancels suspended projects to attract investors: Land reservation in focus

Withdrawal of projects not implemented

At a seminar on recruiting investment in the high-tech sector in Da Nang (on the afternoon of April 21), many investors and international consulting units questioned why the number of projects attracted investment and the occupancy rate reported by the Da Nang is relatively high, but according to a study of investors, the actual area of unoccupied land is still quite enormous.

Information on this issue, Mr. Nguyen Cong Tien, Deputy Head of the Management Board of Da Nang Hi-Tech Park and Industrial Parks (Management Board), informed that by the end of the first quarter of 2023, Da Nang Hi-Tech Park has attracted 29 projects with total investment capital of 905 million USD. In particular, the occupancy rate of high-tech production zones is 55%, the research and development (R&D) occupancy rate is 4.45%, and logistics/logistics services are over 60%.

However, only 8/29 projects have been deployed and put into service thus far. Three to four additional projects are planned to be built and operational by 2023.

Read more: More hi-tech factories begin construction in Da Nang » Breaking News, Latest World News Updates - VietReader Viet Nam

According to Mr. Tien, currently, in the Hi-Tech Park, several projects are facing many difficulties due to the post-COVID-19 pandemic. Many projects are slow to implement and may not be implemented.

Therefore, in the coming time, the Management Board will review and withdraw delayed projects to assign to new capable investors who have investment projects in the hi-tech park. 

"Currently, Da Nang Hi-Tech Park offers a land fund where investors can learn and invest. Particularly for projects that are slow to implement, the project's recovery will be obliged to follow regulations and take time. However, the Management Board will try to speed up the recovery of unfeasible projects to have more land funds for investors," Mr. Tien said.
In particular, in the field of logistics, Mr. Tien said, the Management Board is currently withdrawing some projects to cede demand to new investors. And at present, many capable enterprises in the field of logistics have contacted the Board to learn about and promote investment. 

"We have collaborated and are now ready to acquire land for additional investors. The city wants to have the most modern logistics center in the world," said Mr. Tien. 

Mr. Tien pledged that if there is an enterprise capable of investing in a high-tech park with a modernly managed and operated project, such as the application of digital technology, AI, and robotics, using less labor, the Board of Directors ready to support getting back old projects to bring in new projects. The Management Board has a solid base to reclaim the land because the projects are not being built or are being implemented slowly.

Many land funds for the logistics development 

Talk about land funds for logistics development in the city. In Da Nang, Ms. Huynh Lien Phuong, Director of the Danang Investment Promotion and Support Department, said that in addition to the logistics service area in the Hi-Tech Park, Ho Chi Minh City. Da Nang is planning land for logistics service development in the Lien Chieu Port area with a total area of 90ha. This service area will accompany the investment and development of Lien Chieu Port. 

In addition, next to Hoa Nhon industrial park, there is a planning area for logistics service development of about 50ha. Currently, this land has not been cleared. However, in the future, this will be a land fund for investors in this field to learn and invest in Da Nang.
Meanwhile, regarding the issue of training high-quality human resources, especially engineers and logistics personnel, Mr. Nguyen Cong Tien said, for investment projects in high technology, the Board of Management management to connect with the University of Science and Technology, the University of Danang to train human resources. When the project is completed, Polytechnic University students will be able to fully meet the needs of businesses due to their proficiency in foreign languages and knowledge.

Also read: First component of Danang’s port to begin work in mid-Dec » Breaking News, Latest World News Updates - VietReader Viet Nam 

"Investors in the Hi-Tech Park also appreciate the quality of human resources trained by the Polytechnic University. At the same time, Da Nang City is always ready to support and meet the human resource needs of enterprises. ", said Mr. Tien.

Commitment to investors said Mr. Vu Quang Hung, Head of the Management Board of Da Nang Hi-Tech Park and Industrial Parks, in addition to policies to support businesses when investing in Hi-Tech Park according to regulations of the Central Government, the city has its policies to more support investors. 

In particular, the city also prepares urban-level social infrastructure for foreign investors when choosing Da Nang to invest in the Hi-Tech Park.

Also read: 
Danang high-tech park, industrial parks attract $2 bln in FDI ( 
Da Nang rechecks land resources in industrial parks - Da Nang Today - News - eNewspaper ( 

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