Investment projects eye March openings

Monday, Mar 23, 2020 17:17

A hi-tech ready-built factory for rent is built at Da Nang Hi-Tech Park. The factory is available for lease at the park. Photo courtesy of Long Hau company

Two investment projects worth US$216 million at the Da Nang Hi-Tech Park will be put into operation on the occasion of the city’s Liberation Day on March 29 one year after construction started.

The Hi-Tech Park and Industrial Zones management board said the launch of the two projects would help lure investors in the wake of the negative impacts of COVID-19 in recent months.

Domestic investor Long Hau Corporation will lease its first hi-tech ready-built factories for rent covering 10,000sq.m in the first phase before expanding to more factory space on another 10,000sq.m from September 2020.

The company has committed to developing the first logistics project at the park across three phases with total investment of $46.4 million.

Meanwhile, the Universal Alloy Corporation (UAC) from the US has invested $30 million in the first stage of the Da Nang-based Sunshine Aerospace components manufacturing plant on 10.9ha, and a further $74 million will be poured in from March to April 2021.

An overview of the Da Nang-based Sunshine Aerospace components plant at the Da Nang Hi-tech Park. It's the first aerospace components project of the Universal Alloy Corporation (UAC) from the US in Viet Nam and Asia. Photo courtesy UAC

It would employ more than 1,000 employees for the first phase.

UAC plans to manufacture over 4,000 different aerospace parts at the Da Nang-based plant to supply Boeing, Airbus, Embraer and Bombardier, and it will export these parts to North America, Europe and Asia.

It’s also the first aerospace parts project of the UAC in Viet Nam and Asia, with total investment of $170 million.

The 1,100ha park in Hoa Vang District, 20km west of the city, has lured 18 investment projects, of which nine are foreign direct investment (FDI) with a total of $564 million.

It is situated near the Da Nang-Quang Ngai Expressway connecting the Chan May Economic Zone in Thua Thien-Hue, the Chu Lai Economic Open Zone in Quang Nam and the Dung Quat Economic Zone in Quang Ngai Province. — VNS

Comments (0)