Da Nang calls for US$587.3 million in investment in IZs

Thu May 28 News

The Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA) has offered bidding documents for preliminary selection of investors for infrastructure development of three industrial zones in 2020-2023. 

(Photo: VNA)

DHPIZA’s head Pham Truong Son said the international bidding will help seek eligible domestic and foreign investors developing infrastructure works on two new industrial zones (IZs) of Hoa Nhon, Hoa Ninh, and the second stage of Hoa Cam IZ on total 880ha with an estimated investment capital of VND13.8 trillion (US$587.3 million).

He said the IZs have been designed as ‘green’ and ‘clean’ IZs, calling for hi-tech and environmentally-friendly industries in 2020-2023.

The bidding of the three projects will open for all qualified investors on May 28, and the winners would commence construction later this year.

To date, the Da Nang Hi-Tech Park and six other industrial zones have drawn 505 projects worth US$2.6 billion. These projects earned revenue of VND35.6 trillion (US$1.51 billion) in 2019, contributing US$213 million to the local budget.

Source: Vietnam Investment Review