A ground-breaking ceremony for construction of the US$46.4 million logistics project at the Da Nang Hi-Tech Park. — VNS Photo Cong Thanh

Long Hau Corporation officially commenced construction of its first hi-tech ready-built factories for rent on Thursday.

The project, which will be built in three phases with total investment of VND1.05 trillion (US$46.4 million), will offer factories from 500sq.m to 3,300sq.m with a competitive price of $3 per square metre per month.

It’s also the first logistics project at the 1,100 hectare park in Hoa Vang District, 20km west of the city.

Vice Chairman of the city’s People’s Committee Ho Ky Minh said the project would lure domestic and foreign investors to the park.

He said the park was designed as a ‘green’ hi-tech hub for the development of the northwest region.

General Director of Long Hau Corporation Tran Hong Son said the project would provide space ready for hi-tech small- and medium-sized enterprises at the park as well as foreign direct investors operating in support industries.

Son said his company would support new investors at the park with a one-stop shop procedure and support service to minimise set-up times as well as employment services.

Long Hau and Japanese company Hatsuta Seisakusho have already agreed a lease for an area of 6,000sq.m.

Hatsuta Seisakusho will be the first hi-tech fire extinguisher equipment factory with an investment of $2.7 million at the park.

The first Japanese investors – Tokyo Keiki Precision Technology Inc and Niwa Foundry – started operating with a total of $62 million at the park in 2015.

Local pharmaceutical producer Danapha plans to build a nano/bio technology factory with investment of $67 million to produce tablets and intra-venous drugs. — VNS