Da Nang to set up four new IPs

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Báo Đầu Tư English - 5 month(s) ago 6 readings

Da Nang City will establish four new industrial parks (IPs) by 2020, Ho Ky Minh, deputy chairman of the municipal People’s Committee, said.

Auto parts and components being manufactured at a factory in Hoa Cam industrial park.-Photo danang.gov.vn

Minh said the committee had asked the city’s Department of Industry and Trade (DoIT) in collaboration with relevant agencies to speedily implement procedures to submit the establishment plan of the four IPs to the Government.

Under the province’s plans, the four IPs are Hoa Nhon, Hoa Ninh, Hoa Son IPs and the second phase of the Hoa Cam IP, with the total area of 1,600ha, one-and-a-half-times the total area of the city’s existing industrial parks.

Hoa Ninh, Hoa Son IPs and the expansion of phase two of the Hoa Cam IP are expected to be completed this year, while Hoa Nhon IP will be finished by July 2017.

The establishment of new IPs aims to solve the city’s problem of less space for the operation of regional firms, which has caused pressure on local authorities, Le Tuan Khanh, head of the Planning and Construction Management Board under the Management Board of Da Nang City Export Processing and Industrial Zone Authority, told Da Nang newspaper.

According to the city’s Association of Small and Medium Enterprises, Da Nang currently has over 17,000 enterprises, in which small and medium-sized enterprises account for some 97 per cent, with registered capital of VND90 trillion (US$3.9 billion), Da Nang newspaper reported.

At present, Da Nang has six industrial parks, with an area of over 1,000ha, but they are fully occupied. Most of the regional firms lack stable production premises and therefore are forced to set up temporary factories in residential areas, which make a lot of noise and affect the residential environment.

In addition to the four new IPs, the city also plans to build eight more industrial clusters to create more space for the operation of micro and small enterprises. Till date, the city DoIT has completed the draft plan on the establishment of industrial clusters to submit to the city’s People’s Committee. Most of the new industrial clusters will be established in Hoa Vang and Lien Chieu districts.

The city’s DoIT was also asked to prepare steps for mobilising investment for the construction of wholesale markets for cattle, poultry and agricultural products in the city. DoIT will select the city’s key industrial products and formulate policies to encourage and promote the brand and for the formation of key industrial enterprises.

Source VNS

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