An entrance to an industrial zone in Da Nang. The city has granted investment licences to seven projects and proposals to 15 more. (Photo: VNA) Da Nang (VNA) - The People’s Committee of the central city of DaNang said it had granted licences to seven foreign direct investment projectsworth 419.4 million USD, and agreed investment research for 15 other projectsworth an estimated 2.6 billion USD.
The city said the projects included three automobile production and accessoriesprojects from Malaysia, Russia and Taiwan (China), and two tourism propertyprojects from Japan.
Mabuchi Motor also planned to expand its plant in the Hoa Khanh Industrial Zonewith 30 million USD, while Tan Chong Group has agreed to pour 50 million USD tobuild a second Nissan car manufacturing factory in the zone.
Property companies Katsuura Hotel Mikazuki and Sun Frontier Investment haveagreed to spend more than 156.4 million USD on a five-star resort and riversidetower project.
Russian automotive manufacturer Gorkovsky Avtomobilny Zavod (GAZ) in ajoint-venture with local Thanh Dat Group would build an automobile plant at HoaKhanh IZ, while Taiwanese Hao Hsing Investment Company would startmanufacturing exhaust pipes for cars and motorbikes.
In a statement released on February 27, the city said it had given permissionfor a joint-venture between Sakae Holdings and Fission Holdings from Singaporeand import-export Newtechco of Vietnam to survey a finance, trade and casino(Da Nang Gateway) project in Son Tra district with estimated funding of 2billion USD.
The Hoa Cam Industrial Zone has given permission for studies into developingthe Hoa Cam IZ in the second phase with an expected investment 1.63 billion USD.
Property developer Sun Group has also proposed two entertainment projects in HoaVang and Ngu Hanh Son districts worth 840 million USD.
IT giants, the Vietnam Posts and Telecommunications (VNPT) Group and MilitaryTelecommunications Group (Viettel), are looking to develop a software park andan IT centre in downtown Lien Chieu and Hai Chau with total capital of 155million USD.
Alton International Enterprises from Hong Kong and Key Tronic EMS from the UShave also proposed two electronics manufacturing projects with a total of 137million USD in investment.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) plans to build adairy farm in Hoa Vang district with 31 million USD.
The city said investors would be allowed to start their studies for theproposed investment projects before submitting plans to the city for approval.-VNA
The city said the projects included three automobile production and accessoriesprojects from Malaysia, Russia and Taiwan (China), and two tourism propertyprojects from Japan.
Mabuchi Motor also planned to expand its plant in the Hoa Khanh Industrial Zonewith 30 million USD, while Tan Chong Group has agreed to pour 50 million USD tobuild a second Nissan car manufacturing factory in the zone.
Property companies Katsuura Hotel Mikazuki and Sun Frontier Investment haveagreed to spend more than 156.4 million USD on a five-star resort and riversidetower project.
Russian automotive manufacturer Gorkovsky Avtomobilny Zavod (GAZ) in ajoint-venture with local Thanh Dat Group would build an automobile plant at HoaKhanh IZ, while Taiwanese Hao Hsing Investment Company would startmanufacturing exhaust pipes for cars and motorbikes.
In a statement released on February 27, the city said it had given permissionfor a joint-venture between Sakae Holdings and Fission Holdings from Singaporeand import-export Newtechco of Vietnam to survey a finance, trade and casino(Da Nang Gateway) project in Son Tra district with estimated funding of 2billion USD.
The Hoa Cam Industrial Zone has given permission for studies into developingthe Hoa Cam IZ in the second phase with an expected investment 1.63 billion USD.
Property developer Sun Group has also proposed two entertainment projects in HoaVang and Ngu Hanh Son districts worth 840 million USD.
IT giants, the Vietnam Posts and Telecommunications (VNPT) Group and MilitaryTelecommunications Group (Viettel), are looking to develop a software park andan IT centre in downtown Lien Chieu and Hai Chau with total capital of 155million USD.
Alton International Enterprises from Hong Kong and Key Tronic EMS from the UShave also proposed two electronics manufacturing projects with a total of 137million USD in investment.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) plans to build adairy farm in Hoa Vang district with 31 million USD.
The city said investors would be allowed to start their studies for theproposed investment projects before submitting plans to the city for approval.-VNA
VNA
