Danang to have US$1 billion hi-tech center

March 26, 2018 | 10:28 am GMT+7

The central city of Danang is pinning high hopes on a US$1 billion hi-tech center named Danang Silicon at the Danang Hi-tech Park (DHTP) in Hoa Vang District.


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The entrance to DHTP is under construction
Speaking to the Daily, Doan Ngoc Hung Anh, deputy chairman of the DHTP Management Board, said a group of investors active in the Saigon Silicon City in HCMC has visited DHTP for the plan. The group has plans to develop a similar project in Danang called Danang Silicon, which will cover some 70 hectares in the park, with an investment of up to US$1 billion.
Vietnamese American Nguyen Minh Hieu, chairman of Saigon Silicon City Joint Stock Company, is the investor of Saigon Silicon City, which is modeled after the Silicon Valley in the U.S. Covering 52 hectares in the Saigon Hi-tech Park in District 9 in HCMC, the project is expected to attract more than 20 investors active in hi-tech and supporting industries when it is up and running in 2020.
“DHTP infrastructure has been ready so the investors can begin their project right away. The Danang Silicon will help attract more domestic and foreign projects to the park, especially in electronics, software, nanotechnology and environmental technology,” Anh said.
DHTP is one of three national hi-tech parks beside the Saigon Hi-tech Park in HCMC and Hoa Lac Hi-tech Park in Hanoi. Projects that have an investment of more than VND3,000 billion (US$131.7 million) will enjoy a favorable corporate tax of 10% in 30 years.
DHTP has a total investment of more than VND8,840 billion, comprising a high-tech zone, an information technology zone and a supporting zone, which together cover over 1,100 hectares.
As of late February 2018, the DHTP Management Board had issued investment certificates for 10 projects worth nearly US$250 million in total. Three of them are invested by Japanese firms and the remainder by Vietnamese firms.
Two Japanese-invested projects in the park are operational, producing solenoid valves and molds, and having revenues of more than VND65 billion a year.