Da Nang (VNA) - Administrative reformoutcomes in the central city of Da Nang have helped the city secure foreigninvestors’ confidence, contributing to attracting more FDI in the locality.

According to the municipal Department of Home Affairs,Da Nang has simplified more than 300 administrative procedures over the past 10years while implementing 15 projects linking procedures in different sectors andshortening the time for responding to administrative requests by 20 percent inmany areas.

Thanks to this success, the city has enjoyed fruitfulresults in FDI attraction.

Most recently, authorities granted an investmentlicence to a semiconductor manufacturing project worth 110 million USD - thesecond largest foreign-invested project at the Da Nang Hi-tech Park.

Called United States Enterprises, the factory willcover a total area of 102,200 sq. m, with the first stage covering more than 61,000sq. m and costing 66 million USD.

Construction is scheduled to commence in the secondquarter of this year and the plant will be put into operation two years later.

The United States Enterprises’ plant specialises inthe production of semiconductor materials for equipment in the electronics industry.

The largest project at the park is the UAC project manufacturingaeronautical components, said Pham Truong Son, head of management of hi-techand industrial parks in Da Nang.

The park has attracted 23 projects to date, including11 FDI projects worth a total of 510.1 million USD and 12 domestic ones worth atotal of 6.3 trillion VND (273 million USD).

A report from the city’s Department of Planning andInvestment said the city last year attracted 87 new FDI projects worth 129.17million USD, and more than 80 million USD was added to 20 existing projects.Foreign investors also poured in 3.63 million USD in capital contributions andshare trading in the city.

Le Trung Chinh, Chairman of the city People’sCommittee, said that in the future, the city will continue building andcompleting policies on organisation, thus improving the efficiency of publicservices.

He said that IT application in administrative reformwill be strengthened, with the completion of a shared data centre fordepartments, sectors, and localities.

Da Nang will continue to upgrade the investment andbusiness environment and support foreign investors, he said.

He added that in the future, it will prioritise FDIprojects in high-tech areas such as the ITC industry, digital technology, nano-technology,biotechnology, new materials, and supporting industries./.