The first entertainment and shopping centre of the northwest urban area will be opened later this year in Da Nang. The centre was developed by Trungnam Land joint-stock company and VV Mall – a luxurious shopping centre. — VNS Photo Cong Thanh

Trungnam Land Joint Stock Company, a member of Trung Nam Group, and VV Mall – a luxurious shopping centre – have agreed to develop the first shopping-entertainment centre on the newly debuted Da Nang Information Technology Park (DITP) Tower at Golden Hills urban area.

General Director of Trungnam Land Huynh Hai Son told Viet Nam News the shopping centre will cover 5,000sq.m on the 18-storey tower, opening later this year.

Son said the centre will serve the largest urban area in the northwest region of the city, the Da Nang Information Technology Park, the Da Nang Hi-tech Park as well as the development of new Lien Chieu port and logistics centres.

He said Trungnam Land already debuted the 18-storey tower with total investment of VND300 billion (US$13 million), offering 18,000sq.m space for office, shopping and a convention centre.

The Golden Hills was designed as a key urban area for 5,000 people in connection with the Lien Chieu port and logistics centre, the North-South Expressway and railway system, and Da Nang Hi-tech Park and industrial zones.

Deputy Director of the city’s Investment Promotion Agency (IPA) Huynh Thi Lien Phuong said Da Nang has called for investment of the first international standard downtown duty-free zone and factory outlet centre in the urban area in the future.

In 2018, Da Nang’s retail and service industry earned revenue of $2.3 billion – 15.3 per cent year-on-year growth.

Da Nang has been co-operating with US partners to develop the Da Nang IT Park as an expanded ‘Silicon Valley’ in Viet Nam. — VNS