Da Nang (VNA) ꦏ- Authorities of the central city of Da Nang are working hard to complete procedures and planning documents for investing in three new industrial parks (IPs), including the second phase of Hoa Cam IP, the Hoa Ninh IP and the Hoa Nhon IP.

Regarding the second phase of the Hoa Cam IP, the municipal People's Committee issued a decision on March 15, 2023 to approve the method for selecting investors for the infrastructure investment, construction, and trading project for this IP. According to the decision, a public bidding process is required, said the Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA). The DHPIZA has coordinated with Davilaw Intellectual Property Joint Stock Company, a consulting unit, to design tender invitation documents and criteria for selecting contractors, and then consulted with departments and sectors. It is reviewing and adjusting some contents as required by the municipal Department of Planning and Investment. Regarding the Hoa Ninh IP, the People's Council of Da Nang adopted a resolution on November 15, 2023, giving in-principal approval for changing the forest use purpose into another in the zone. The DHPIZA has advised the municipal People's Committee to consider approving the investment policy and the selection of investors for the Hoa Ninh IP without conducting an auction of land use right or a bidding process under Clause 4 of Article 29 of the 2020 Investment Law. For the Hoa Nhon IP, the city's management board for priority infrastructure investment projects is implementing the zoning plan for this IP within the overall zoning plan for the Green Core Centre project. The zoning plan for the Green Core Centre has been completed and is currently under review by the municipal Department of Construction. Once the Green Core Centre zoning plan is approved by the municipal People's Committee, the one for the Hoa Nhon IP will be handed over to the DHPIZA to continue with the procedures for selecting infrastructure investors as required. Vu Quang Hung, head of the DHPIZA, said that from now until the end of 2024, the agency will continue to improve the investment environment, facilitate business operations, and accelerate the implementation of the city’s objectives and tasks. Currently, Da Nang has a total of eight zones, including the Da Nang Hi-Tech Park, the first phase of the Concentrated Information Technology Park, the Lien Chieu IP, the Hoa Khanh IP, the expanded Hoa Khanh IP, the Da Nang IP, the Fisheries Service IP, and the Hoa Cam IP. These zones have attracted a total of 523 investment projects, including 399 domestic projects worth over 34.45 trillion VND (over 1.3 billion USD) and 124 foreign direct investment (FDI) projects with total investment of over 2.07 billion USD. Japan is now the leading foreign investor in Da Nang, with over 1.14 billion USD poured into 261 projects. These projects have contributed significantly to local socioeconomic development through technology transfer, human resources training, and product diversification./.