20 million USD to invest in Asia Center for Tissue and Stem Cell Research in Da Nang Hi-Tech Park
Publish date 22-10-2022 08:58

On the morning of October 18th, the Management Board of High-Tech Parks and Industrial Zones in Da Nang held a ceremony to award the Decision to approve the investment policy and at the same time approve the investor of the Asia Center for Tissue and Stem Cell Research of Asia High Tech JSC with a total registered capital of 20 million USD.

The Asia Center for Tissue and Stem Cell Research Project was approved by the People’s Committee of Da Nang City for investment at Lot B4, R&D, Training, and Incubation Zone, Da Nang Hi-Tech Park, with an area of 01 ha with the total registered investment capital of 20 million USD (more than 454 billion VND)

The project is supported, proposed, and encouraged for investment by the Department of Science, Technology, and Training - Ministry of Health with the following objectives: Researching and storing stem cells from bone marrow and umbilical cords (stem cell bank); Scientific research and technological development in the field of biotechnology in medicine, namely: stem cell technology in the field of regenerative medicine (including Immunotherapy Research for the treatment of cancers; Cell therapy research for the treatment of various diseases (basic clinical products); Research on cell therapy for cosmetic purposes (basic cosmetic products); Fibroblast research (skin cells) for cosmetic purposes; Differentiated cell research and tissue engineering; Training human resources specialized in cell and molecular biology.

The Management Board of Da Nang Hi-tech Parks and Industrial Zones awarding the Decision approving the investment policy and approving the investor for Asia High Tech JSC

Speaking at the ceremony, Head of the Management Board of Da Nang High-Tech Park and Industrial Zones Pham Truong Son assessed that the Asia Center for Tissue and Stem Cell Research is an important project, proving the development of science and technology in Viet Nam, especially stem cell technology. With the project’s scale of 01 ha and the investment capital of 20 million USD, it shows the company’s devotion to the project

Mr. Pham Truong Son believes that, with the investor’s background of experience and financial capacity, the project’s progress will be ensured, and it will be put into operation according to the plan, promoting its effectiveness and a strong impact on businesses in Da Nang Hi-Tech Park in particular as well as for the city’s investment environment in general.

Mr. Tran Hoai Duc - Director of Asia High Tech JSC said that the company decided to choose Da Nang as the investment destination because in addition to the favorable conditions of people and climate, Da Nang has a great business environment, and the city government always offers preferential policies, maximally facilitating investors.

“We commit to expeditiously implementing the planned investment procedures and soon putting the Project into operation and development. At the same time, we will attract many experts in the field of hi-tech at home and abroad to Da Nang as well as implement training activities to improve professional capacity, contributing to improving scientific research activities in the city and to the development of Da Nang in particular and Viet Nam’s hi-tech medicine in general”, Mr. Tran Hoai Duc shared.




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