Semiconductor industry hoped to attract half of FDI investors in Da Nang
Some potential investors are exploring investment chances in central Da Nang city, and its Hi-Tech Park and Industrial Zones Authority (DHPIZA) hopes that 50% of those FDI businesses will invest in the local semiconductor industry this year.
Da Nang hopes that about 50% of FDI businesses investing in its Hi-Tech Park this year are semiconductor ones. (Illustrative photo: baodanang.vn)
Hanoi (VNA) – Some potential investors are exploring investment chancesin central Da Nang city, and its Hi-Tech Park and Industrial Zones Authority (DHPIZA)hopes that 50% of those FDI businesses will invest in the local semiconductorindustry this year.
Nearly 260million USD in investment was poured into the Da Nang Hi-Tech Park in 2023, theDHPIZA said, noting that many challenges are predicted for 2024 and beyond, butit hopes the firms who are planning to invest in the city and learning aboutthe local market will make decisions this or next year.
DHPIZADirector Vu Quang Hung told the Lao dong (Labour) daily that the semiconductorindustry is among those benefiting from preferential treatment at the Da NangHi-Tech Park.
The authority is giving preferentialpolicies to three industries, namely semiconductor, high-quality health care,and aerospace. All investors coming to the city will receive the DHPIZA’s assistance interms of administrative procedures, time, and coordination with local departmentsto learn about the market, he went on.
He revealedthat in 2024, Foxlink of Taiwan (China) is set to pour 400 million USD into thesecond phase of its electronics factory while the ICT Vina Co. Ltd, invested bythe Republic of Korea, will channel some 277 million USD into its project atthe Da Nang Hi-Tech Park. Some other semiconductor businesses of Taiwan andJapan are also considering the local environment to make investment decisions.
The DHPIZA expected about 50% of FDI businessesinvesting in the park this year are semiconductor ones, Hung added.
At a meetingheld in mid-February, Secretary of the municipal Party Committee Nguyen VanQuang asked the DHPIZAto pay more attention to attracting investment to the electronics,semiconductor, and medical equipment industries.
He said Da Nang is reviewing the zoning plan of the Hi-Tech Park,resolutely revoke land from the firms not implementing their projects, and makethorough preparations for expanding this park in the second phase to make roomfor future investors./.
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Da Nang hopes that about 50% of FDI businesses investing in its Hi-Tech Park this year are semiconductor ones. (Illustrative photo: baodanang.vn) 
