Major Danang projects hunt for private capital

Danang is calling on private investment capital for seven key projects considered critical to the central city's socioeconomic growth.

The list was released by Ho Ky Minh, Vice Chairman of Da Nang People's Committee, at Da Nang Investment Forum 2022 with the participation of Prime Minister Pham Minh Chinh on Saturday,

Lien Chieu port project

Lien Chieu is one of three deep water ports in Vietnam that have been planned as "special ports" and can handle 100,000-ton vessels and container ships with a loading capacity of 6,000-8,000 TEUs (twenty-foot equivalent units).

Component A is invested by the central and city budgets at over VND3,400 billion ($146.22 million). The construction, including a dyke, 1,170-meter breakwater, vessel channel, turning basin, signaling system for ships up to 100,000 DWT (6,000-8,000 TEU), road transport connecting to the port, power supply, water supply infrastructure and auxiliary works synchronized to the port gate, is set to commence in September 2022.

The 44-hectare Component B’s start-up phase with two berths totaling 750 meters of length is calling for private capital investment.

The project investment plan falls under the prime minister’s authority.

Investment enterprises will be given complete land and tax incentives on levies like corporate income tax, import duty, and others.

A high-tech, multi-function complex

This complex is set to be located on four land plots of Vo Van Kiet street and one lot near Vo Nguyen Giap and Vo Van Kiet streets, Son Tra district.

The financial core center with a total area of 8.4 hectares by 2030 will connect with the financial street planned in An Don Industrial Park in order to support its capacity in drawing and expanding financial services.

The fintech hub will be centered on the 71,000-square-meter Software Park No.2, with three office buildings. It seeks to attract financial startups as well as domestic and international fintech firms.

The Danang international financial center model is geared at being an offshore financial center, a fintech hub, and a provider of auxiliary services to support the financial center's operations like auditing, accounting, innovative start-ups, high-end shopping malls, duty-free shops and luxury real estate.

Danang has submitted a proposal to the Prime Minister on turning the city into a regional financial center.

Danang creative space project

The 17.26-hectare project will be situated in the residential neighborhood of Hoa Xuan ward, Cam Le district.

The space is planned to feature research and development zones, software and information technology production zones, a data storage facility, commercial facilities, recreational services, and expert housing.

The land has been cleared, and the investor selection procedure will be completed by the end of 2022 via auction.

International trade center project

By 2030, Danang is set to become one of the country's key commercial hubs, with a modern and synchronized commercial infrastructure and distribution system, as well as a regional and national center for the distribution of products and services.

Danang is focusing on attracting investment in three locations for the International Trade Center project.

The first, a two-hectare commercial and service plot lies to the southeast of a dormitory in Hoa Khanh Nam ward, Lien Chieu district. Due to some issues with the area's technological infrastructure, the land lot will be auctioned by the end of 2022.

The 24-hectare Hoa Xuan Sports Complex in Cam Le district is set to be auctioned by the end of 2022 after planning is completed.

The last, nearly 1 hectare of land belongs to the project of a 200-meter track connecting the Han River bridge to An Hai Bac ward’s ocean in Son Tra district. Danang is establishing planning criteria as a foundation for auctioning by the end of 2022.

Danang international hospital project

The city now operates 28 public and private hospitals, mostly in the districts of Hai Chau, Thanh Khe, Lien Chieu, and Ngu Hanh Son, with roughly 9,300 beds. Its bed occupancy capacity was approximately 140% in 2019.

Covering nearly one hectare of land, four kilometers from the city center, the project aims to develop high-quality medical facilities. The city is implementing auction procedures for land use rights and is expected to hold an auction at the end of 2022.

Nursing home project

Danang is calling investment for a 1.1-hectare nursing home project in Hoa Xuan ward, Cam Le district.

The area is facing Cai River, with a green corridor planned to create a welcoming atmosphere with nature ideal for an elderly resort.

The land has been cleared, and an auction is scheduled for the third quarter of 2022, after the pricing determination procedure is completed.

Inter-level school project

The city is seeking investment to build inter-level schools in two locations.

The first, a 2.1-hectare cleared land area in Hoa Chau commune, Hoa Vang district, overlooking the Cam Le river, has a starting price of VND10.51 million ($452) per meter square and a 50-year term of use.

The one-time-payment auction is expected to be held in the third quarter of 2022.

The 1.8 hectares of cleared land in Hoa Xuan ward, Cam Le district have been given the auction plan's approval. Following the city People's Committee's approval of the starting price, an auction of land use rights is set to be held within 30 days.