The US Enterprises Carrying Out a Survey on Investments in Da Nang City
Publish date 24-10-2019 09:39

On October 10th, at a meeting with US enterprises, Mr. Huynh Duc Tho - Chairman of the Da Nang People’s Committee highly appreciated the US enterprises who were concerned and carried out the survey on investments in the Hi-tech Park, the Da Nang Information Technology Park, with the aim of turning this place into an extended Silicon Valley in Da Nang City.

Working session

The US enterprises consisted of Hayward Quartz Technology, Inc.; Westcoast Precision, Inc.; Majestic Beauty Supplies, Inc.; Lee's Sandwiches International, Inc.; and Hung Phat USA. These companies specialize in manufacturing jewelries; manufacturing and distributing wigs, hair and beauty supplies and accessories; manufacturing types of metal, hardware, and high quality components as requested; semi-conducting equipment for medical equipment and bio-tech industries; manufacturing and distributing semi-conductor equipment.

The US enterprise’s representatives affirm that the City of Da Nang is a promising destination for enterprises who intend to expand their businesses in the fields of high technology and IT. The construction and development of Da Nang Hi-tech Park shall contribute to technological incubation, adaptation, innovation and transfer, and to the use of high quality human resources and the development of experts.

At the working session, Mr. Huynh Duc Tho - Chairman of the Da Nang People’s Committee stated that Da Nang has the advantages of a secure and stable living environment; and abundant labor sources with more than 25 universities and colleges in the region. The City Government commits to carrying out the policies for maximum support of the enterprise community, especially incentives and investment support at the Hi-tech Park and the Da Nang IT Park.

Chairman Huynh Duc Tho took photographs with the US enterprises

The US is presently the third largest investor in Da Nang City with 63 FDI projects with the total investment capital of 595 million USD. This is a key investment promotion market that the city wishes to call for investors and technological enterprises to get to know about the business investment environment, especially in fields of: technologies, electronic equipment, artificial intelligence and supporting industries.