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Đà Nẵng to Develop $242 Million Hòa Ninh Industrial Park

by Mich M.
02/20/2025
in Manufacturing

The People’s Committee of Đà Nẵng has initiated the infrastructure development of the Hòa Ninh Industrial Park in Hòa Ninh Commune, Hòa Vang District, Đà Nẵng City. This project is part of the Vietnamese government’s industrial park development plan for 2030-45 and is set to be located adjacent to Đà Nẵng Hi-Tech Park and a 58.5-hectare supportive industries park.

The Hòa Ninh Industrial Park will be developed by Thanh Bình Phú Mỹ Joint Stock Company with a total investment of over VNĐ6.2 trillion (US$242.7 million). The project is expected to be completed within 42 months after the land handover.

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The Chairman of the Đà Nẵng People’s Committee, Lê Trung Chinh, described the project as an important step in the city’s industrial development strategy. The initiative aligns with Đà Nẵng’s efforts to attract investment, promote sustainable growth, and enhance the quality of life for its residents.

The city has committed to facilitating site clearance, developing synchronized technical infrastructure, and improving administrative procedures to create an open and transparent investment environment. Authorities will also work closely with relevant parties to resolve any issues that may arise during the project’s implementation.

Nguyễn Thị Thảo Nhi, Chairwoman and CEO of Thanh Bình Phú Mỹ Joint Stock Company, stated that with the support from city authorities and the local community, the project is expected to be completed on time while maintaining quality and efficiency.

Covering over 400 hectares in a strategic location, the industrial park aims to attract investment in high-tech industries and advanced technologies. The project intends to create a clean and environmentally friendly industrial ecosystem, complementing the existing industrial parks, high-tech zones, and free trade areas in the northwestern part of Đà Nẵng.

Officials expect the project to enhance local supply chains, boost industrial production, and generate positive economic impacts across various sectors such as trade, services, logistics, tourism, and port operations.

According to the Đà Nẵng Hi-Tech Park and Industrial Zones Authority (DHPIZA), Đà Nẵng currently has six industrial zones, along with the Đà Nẵng Hi-Tech Park and Đà Nẵng IT Park. These zones have attracted 521 projects, including 396 domestic investments worth VNĐ33.876 trillion ($1.35 billion) and 125 foreign direct investment projects valued at over $2.2 billion. — VNS

Your source for supply chain logistics news updates: The Supply Chain Report. Enhance your international trade knowledge at ADAMftd.com.

#IndustrialDevelopment #ManufacturingHub #VietnamEconomy #SupplyChainGrowth #InvestmentOpportunity

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