Leaders of Da Nang’s departments and branches take a photo with representatives of Dentium Co., Ltd. (South Korea). (Photo: Quoc Dung/VNA)
|
On November 28, the Da Nang High-Tech Park and Industrial Zones Management Board held a ceremony to grant the investment registration certificate to the ICT VINA III Manufacturing Plant project of Dentium Limited Liability Company (100% South Korean capital).
The total registered investment capital for the project is 177 million USD, equivalent to more than 4,458 billion VND, bringing the total registered capital of foreign direct investment (FDI) projects in Da Nang High-Tech Park to 875.20 million USD across 13 projects.
According to Mr. Vu Quang Hung, member of the Standing Committee of the City Party Committee and Head of the Management Board of Da Nang High-Tech Park and Industrial Zones, the investor from South Korea has promptly completed all investment registration procedures in accordance with regulations and progress. This is one of the key projects that the city has attracted in the 2020-2025 period under the “Master Plan for the Development of Da Nang High-Tech Park until 2030” as per Decision No. 4621/QD-UBND dated October 14, 2019, of the City People’s Committee.
Mr. Vu Quang Hung expressed his belief that with the investor’s strong foundation in experience, financial capacity, and technology, the project will ensure timely progress, be put into operation as planned, and achieve effectiveness. It is expected to create a strong positive impact on other enterprises in the Da Nang High-Tech Park in particular and the city’s investment environment in general.
According to Mr. Hwang Sung I, Deputy Director of ICT Vina Limited Liability Company, the project investor’s representative, the ICT VINA III Manufacturing Plant is the third project invested in the Da Nang High-Tech Park (the ICT VINA Manufacturing Plant project with a total registered investment capital of 20 million USD was licensed in 2018, and the ICT VINA II Manufacturing Plant project with a total registered investment capital of 60 million USD was licensed in 2020). Thus far, Dentium Limited Liability Company has invested in three projects in the Da Nang High-Tech Park with a total registered investment capital of 257 million USD.
The investor representative committed to promptly implementing the investment procedures for the construction of the ICT VINA III Manufacturing Plant according to the set plan, striving to complete the project soon and start production activities. The company will also promote the attraction of high-tech experts from both domestic and international sources to Da Nang City and conduct professional training activities to contribute to enhancing scientific research in the area.
On this occasion, the organizing committee also awarded the Government’s Emulation Flag to Mr. Ha Ngoc Thong, Secretary of the Party Cell and Director of Asia Architecture and Commerce Joint Stock Company, for its outstanding performance in the emulation movement in 2023.
So far this year, the Management Board of Da Nang High-Tech Park and Industrial Zones has granted investment certificates to four new projects in the Da Nang High-Tech Park, the concentrated IT Park – Phase 1, and the city’s industrial zones, including two FDI projects with a total registered investment capital of about 178.5 million USD and two domestic projects with a total registered investment capital of 810 billion VND.
As of now, there are a total of 521 projects invested in the Da Nang High-Tech Park, the concentrated IT Park – Phase 1, and the city’s industrial zones, including 396 domestic projects with a total investment capital of 33,876.19 billion VND and 125 foreign-invested projects with a total investment capital of 2,222.75 million USD.
By Quoc Dung
The Rise of Central Vietnam: From Underdog to Tech Giant Hub
With Foxconn, Luxshare, and Goertek’s Arrival, the Region Invests in Ports, Airports, and Energy Infrastructure to Support its Soaring Ambitions.
Once considered a backwater region for investment, this central province has now emerged as one of the top 10 destinations for FDI in the country.
Breakthrough: From an Agricultural Province to an Industrial Powerhouse, Leading the Nation in Foreign Investment
This province, despite being the smallest in Vietnam, boasts an impressive array of top-ranking indicators in the country as of now.
Foreign Investors Flock to Ba Ria – Vung Tau
As of August 2024, foreign investment continues to pour into Ba Ria-Vung Tau province, with the region achieving an impressive near-100% of its FDI target for the year.
The Ultimate Coffee Experience is Brewing in Binh Dinh: A $90 Million Factory in the Making
A leading Singapore-based enterprise is set to revolutionize the instant coffee industry with a significant investment in a state-of-the-art manufacturing plant in the Becamex Binh Dinh Industrial Park. With a massive annual capacity of 5,400 tons and an investment of over VND 2,000 billion, this project is a testament to the company’s vision and expertise.
Striving for 6.5% – 7% GDP Growth in Q3
“Boosting the economy by increasing supply and focusing on solutions to develop the triumvirate of industry, agriculture, and services.”
