The central city of Da Nang’s Investment Promotion Centre has inked an IT investment agreement between the Self Wing Vietnam Company and the Saitama Business New Forum from Japan.
A corner of Hoa Cam Industrial Zone in Da Nang city (Photo: VNA)
Da Nang (VNA) – The central city of Da Nang’s Investment Promotion Centre has inked an Information Techn🐠ology (IT) investment agreement between the Self Wing Vietnam Company and the Saitama Busi🌠ness New Forum from Japan.
The agreement, which was signed at a conference on IT and Communication Investment and Cooperation between Japan and Da Nang on September 8, is the first instance of Japanese IT investment in Da Nang and the beginning of an effort to lure investment flow from Japan to the central city and central Vietnam.
Over 160 representatives from Japan Trade Promotion Agency, Tokyo Business Association and Japanese Business Association - as well as 37 Japanese investors - paid a field trip to explore cooperation and investment opportunity at the city’s Industrial Parks and its Information Technology Park.
According to latest report from city’s administration, Da Nang has drawn 423 foreign direct investment projects worth 3.7 billion USD. Of that number, 55 IT projects have raised over 12 million USD in capital.
Tokyo Keiki Inc. and Niwa Foundry were the first two investors in the 1,010-ha Hi-Tech Park, with a total investment of 62 million USD.
Right now, Japanese investors bring the city a total of 500 million USD, creating 40,000 jobs for the city and neighbouring provinces.
The city’s Investment Promotion Centre also debuted its Japanese Desk Da Nang team, which will be available every Wednesday to support Japanese investors by explaining administrative procedure, investment licences and priority policies, or helping with any other adjustments.
Da Nang and Japan will start construction of the first Vietnam-Japan Culture Exchange Park this October, and it will reserve a 134ha industrial park for medium and small-size businesses from Japan.
A direct flight between Narita and Da Nang was opened in 2014, and a new Da Nang-Osaka flight is expected to open this October.
A recent survey of Shoko Chukin Bank from Japan showed that 40.7 percent of 3,750 respondents from various Japanese businesses in Japan said they would invest in Vietnam.
According to the Japan External Trade Organisation (JETRO), 66 percent of the 458 Japanese firms based in Vietnam planned to expand their business during the next one or two years.
The city planned to build an industrial park spread over 134ha for medium and small-size businesses from Japan.-VNA
A number of Singaporean firms have expressed their keen interest in investing in high technology in the central city of Da Nang – one of Vietnam’s most vibrant localities.
The central city promises to create smooth conditions and top priorities for Singapore’s investors in the fields of high-tech, information technology, renewable energy and high quality education.
Deputy Prime Minister and Foreign Minister Pham Binh Binh has urged the central city of Da Nang to use ODA sources effectively as those with low interest rates will end next year.
A workshop was opened in Da Nang city on August 2 to learn about foreign experience in developing small and medium-sized enterprises (SMEs) and to seek to turn them into a growth momentum of the city.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
A corner of Hoa Cam Industrial Zone in Da Nang city (Photo: VNA)
