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Danang attracts 11 projects to industrial parks year-to-date

Danang attracts 11 projects to industrial parks year-to-date

Laborers wear face masks while working at the Hoa Khanh Industrial Park in Danang to prevent Covid-19 infection. The city has attracted 11 projects into its industrial zones and hi-tech parks since early this year- PHOTO: VNA

HCMC – Danang has attracted 11 projects into its industrial zones and hi-tech parks since the beginning of this year, including three foreign direct investment projects worth US$145.3 million and eight domestic-invested ones worth VND188.4 billion (US$8.2 million).

This is an encouraging achievement for the city’s investment promotion in the context of the complicated Covid-19 situation, which has severely affected domestic and international production and business, Pham Truong Son, head of the Management Board of Danang’s Industrial and Hi-Tech Parks, said on June 23.

Up to now, industrial and hi-tech parks in the city have attracted 499 projects, including 368 domestic-invested projects with a total capital of nearly VND26.7 trillion and 131 foreign-invested projects with a total investment of US$1.74 billion.

Son said the city will continue to boost promotion activities to attract more investors to industrial and hi-tech parks this year. Priority will be given to investors with a strong financial capacity and projects that use advanced technologies and are environmentally friendly.

The city is working with international business organizations such as the Korea Trade-Investment Promotion Agency, the Japan External Trade Organization and the American Chamber of Commerce to organize investment promotion events and provide information about investment opportunities in the city to investors.

As industrial and hi-tech parks are at a high risk of Covid-19 spread, the city has tightened Covid-19 infection prevention and control measures in these areas.

Since early this year, the city has inspected some 250 businesses in industrial and hi-tech parks and fined three businesses for violating regulations on Covid-19 containment. All 60,500 laborers in industrial and hi-tech parks have undergone Covid-19 tests.

Vice chairman of Danang City Ho Ky Minh said in the last six months of the year, the city will continue keeping a close eye on the Covid-19 situation to offer timely support for businesses in the city, helping them maintain and boost production and exports.

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