Central Vietnam city licenses 3 FDI projects worth $190 mln
Vietnam’s central coastal city of Danang has granted investment registration certificates to four foreign-invested projects totaling $190 million.
The licenses were awarded during an international forum held on Friday.
Le Trung Chinh (right), Chairman of Danang People's Committee, gives an investment registration certificate to Aeon Mall Vietnam's representative on January 17, 2025. Photo by The Investor/Thanh Van.
Specifically, Japan’s Aeon Mall Vietnam was okayed to develop a $3 million shopping mall in the city.
South Korean-invested Dentium Vietnam was given the green light to invest in a $177 million factory to produce 280 tons of fuel cells and 260 tons of artificial teeth annually.
Denmark-invested Viedam J/V Co., Ltd. was approved to develop a $10 million high-tech mold plant.
The municipal government also handed over a license to Da Nang International Data Center JSC to invest in a $31.4 million project with a capacity of 1,000 racks, including 10 racks for cloud computing services.
On the occasion, Danang authorities signed MoUs on AI and semiconductor training cooperation with Synopsys, Intel, Tresemi, and ASA holding.
In 2024, Danang received $243 million in registered foreign investment capital, including $233 million from 71 new projects, according to the local Department of Planning and Investment. As of end-2024, the city had recorded 1,021 foreign-invested projects valued at $4.57 billion in total.
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