New Hoa Ninh Industrial Park in Da Nang: VND 6,200 billion investment!

New Hoa Ninh Industrial Park in Da Nang: VND 6,200 billion investment!

The foundation stone of the new Hoa Ninh Industrial Park, a major infrastructure project with an investment volume of over VND6,200 billion, was laid on Tuesday in Hoa Ninh Municipality, Hoa Vang District. The ceremony was organized by Da Nang People's Committee, Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA) and Thanh Binh Phu My Joint Stock Company. At the ceremony, the construction managers from the ministries and the city of Da Nang pressed the button to start construction, thereby sending an important signal for regional economic development.

The project covers an area of ​​400.02 hectares, of which approximately 221.22 hectares are earmarked for industrial activities. The city's People's Committee approved the construction under the 1:2,000 zoning plan back on November 26, 2019. The full investment amount could reach up to VND 6,800 billion, of which about VND 3,280 billion will be used for land clearance and resettlement. A total of 2,860 resettlement plots are planned for the affected households.

Sustainable development in focus

The Hoa Ninh Industrial Park will be designed as an ecological industrial park and will use modern and sustainable technologies. The park's planning is based on the experience of the Phu My 3 Specialized Industrial Park, which has a total investment capital of nearly USD 5 billion. With a maximum implementation period of 42 months and an expected operating life of 50 years, economic impulses and a doubling of investment capacity in the region are expected.

The advantages of the location are numerous, including connectivity to the Lien Chieu deep-water port and Da Nang International Airport. This should not only optimize production costs, but also increase the attractiveness for high-quality investment capital. The DHPIZA has already presented decisions approving the investment policy and the project investor.

Creating jobs and strengthening the economy

Thanh Binh Phu My JSC, which acts as an investor for the project, has highlighted its commitment to maximum mobilization of resources. Nguyen Thi Thao Nhi, the company's chairwoman, also emphasized the city government's support in land clearance and administrative procedures. In another sign of commitment, the company donated VND500 million to needy households in Hoa Ninh Municipality.

Le Trung Chinh, chairman of the Da Nang People's Committee, highlighted the importance of the project in attracting investment and sustainable development of the industry. The aim is to establish a high-tech industrial ecosystem within a free trade zone in the northwest of the city, which is expected to support the creation of thousands of jobs. Additionally, the project is expected to have a positive impact on logistics, tourism and services.

In conclusion, the development of Hoa Ninh Industrial Park is not only a significant undertaking for Da Nang, but also could serve as a model for sustainable industrial development in Vietnam. Vietnam.vn and Baodanang.vn reported that Da Nang City remains committed to accelerating progress in the development of its industrial clusters by the end of 2024.