Da Nang approves 177-million-USD FDI project

(VOVWORLD) - A 177-million-USD project to build a medical equipment factory called ICT VINA III in Da Nang city was approved on Thursday.
Da Nang approves 177-million-USD FDI project - ảnh 1Da Nang officials and representative of Dentium at a ceremony to hand over the decision accepting the ICT VINA III project, November 28, 2024. (Photo: Quoc Dung/VNA)

This is the third project of South Korea-based Dentium Co., Ltd. at the Da Nang High-Tech Park, bringing its total investment there to 257 million USD. The latest project’s first phase is expected to be operational in the third quarter of 2028.

Since the beginning of this year, Da Nang has licensed four new investment projects in its high-tech and industrial parks, including 2 FDI projects with a total registered capital of more than 178 million USD.

“The current occupancy rate in Da Nang High-Tech Park is over 50%. We always create a favorable environment to attract investment,” said Nguyen Cong Tien, Deputy Head of the Management Board of Da Nang High-Tech Park and Industrial Zones.

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