Last year, the US's Rocky Lai &Associates Inc invested US$278 million to build the IT park as the biggest ‘Silicon Valley' in the central region of Viet Nam.— File Photo

DA NANG (Biz Hub) — The central city's investment promotion centre and France's Advanced Business Events (ABE) have signed a Memorandum of Understanding (MoU) on aerospace investment and business in Da Nang.

The centre's vice director Huynh Thi Lien Phuong told Biz Hub on June 30 that following the MoU which is valid till 2016, the Paris-based ABE will help attract investment in aerospace, a new industry in the central region and Viet Nam.

Lien said ABE will introduce the investment opportunities and the policies of priority of Da Nang to aerospace businesses in Europe.

The central city has developed six industrial parks, a high-tech park and information technology (IT) Parks.

Last year, the US's Rocky Lai &Associates Inc invested US$278 million to build the IT park as the biggest ‘Silicon Valley' in the central region of Viet Nam.

The city has developed the Quang Trung and Da Nang software parks as centralised centres to attract 140 information technology companies and more than 2,000 employees.

According to the latest report, Da Nang has attracted 288 FDI projects with a total capital of US$3.33 billion. — VNS