Construction starts on Hoa Nhon Industrial Park in central Vietnam city Danang
Local investor Sai Gon-Da Nang Investment JSC (SDN) has started construction on the Hoa Nhon Industrial Park (IP) which covers 24.75 ha in the central city of Danang.
Groundbreaking ceremony for the Hoa Nhon Industrial Park (IP) project in Danang city, central Vietnam. Photo courtesy of VNA.
With an investment of VND285 billion ($11 million), this is the very first item for the approved Industrial Support Complex in the city’s master plan for 2021-2030.
Local authorities said the Hoa Nhon IP was designed as one of the ‘green’ and ‘clean’ parks with an aim of attracting hi-tech and environmentally-friendly industries.
The IP is designed for a variety of industries including electronics, metal processing, garment and leather, wood, equipment, machine manufacturing, and supporting industry sectors.
SDN, a member of Sai Gon Investment Group, has been investing in major industrial park projects in central Vietnam since 2005, including Nhon Hoi in Binh Dinh, Sai Gon Chan May in Hue, and Lien Chieu and Hoa Khanh Expanded in Danang.
The firm is also developing four urban residential projects, including Dragon City and Bau Tram Lakeside, in the central city.
Last month, SDN was among eight major investors and partners with Danang in building infrastructure items for the Danang Free Trade Zone.
The local industrial property developer has also signed a business agreement on the development of industrial parks and urban zones with the Korea CEO Summit Organisation.
Danang has approved a new industrial park complex in Hoa Ninh, Hoa Cam and Hoa Nhon and is calling for investment of VND13.8 trillion.
Vin Pearl company, a member of Vingroup, started construction last month on the 512-hectare Lang Van Integrated tourism project.
The city said six industrial zones, along with the Danang Hi-Tech Park and Danang IT Park – a concentrated IT zone – have attracted 521 projects, of which 396 were domestic with a total investment of VND33.9 trillion, and 125 were foreign direct investments worth more than $2.2 billion.
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