Introducing Da Nang’s investment environment and incentive policies in the semiconductor sector to US investors
Publish date 02-12-2023 16:52, Lượt xem: 9

On November 15 (local time) in San Jose (California, USA), as part of the Da Nang delegation’s working program in the United States, under the chairmanship of the People's Committee, the Investment Promotion Agency of Da Nang City, in collaboration with ITSG-J Company, organized an Investment Promotion Workshop titled "Da Nang - Investment Destination in the Semiconductor Industry". The workshop was attended by Deputy Permanent Chairman of the People's Committee – Mr. Ho Ky Minh, and over 30 guests, including representatives of leadership from businesses operating in the semiconductor supply chain in the United States.

The workshop aimed to promote Da Nang as an investment destination, with a focus on introducing the investment environment, business conditions, incentive policies, and investment support in the semiconductor sector within the city to US businesses and investors. This is particularly important as the semiconductor value chain is gradually shifting to Southeast Asian countries, and Vietnam and the United States are upgrading their Comprehensive Strategic Partnership with a focus on enhancing scientific and technological cooperation and semiconductor industry development.

In his opening remarks at the workshop, Mr. Ho Ky Minh, Deputy Permanent Chairman of the People's Committee, stated that the information technology, electronics, and telecommunications industry associated with the digital economy is one of the five priority sectors for investment development in Da Nang.

In 2022, Da Nang's digital economy contributed 19.76% to the GRDP. Currently, Da Nang has 2,450 technology companies with about 46,000 digital technology workers. In the city's development orientation for the information technology industry until 2030, Da Nang prioritizes the development of chip design and semiconductor manufacturing.

Through the workshop, city's leadership seeks to listen to opinions and suggestions on mechanisms, policies, and solutions to leverage advantages and create a more attractive investment environment for semiconductor businesses. They also committed to accompanying and supporting investors, implementing projects, production activities, and business within the city, aiming to share common values and benefits.

Providing information to investors attending the workshop, Deputy Director of Da Nang Investment Promotion Agency, Mr. Le Hoang Phuc, mentioned that Da Nang identifies the United States as a strategic market in promotional activities and investment attraction in the semiconductor industry. Da Nang High-Tech Park, covering an area of ​​1,128.40 hectares, is the only high-tech park in the Central region and one of the three national-level high-tech parks in Vietnam. The technical infrastructure of Da Nang High-Tech Park has been completed, ready to meet the production needs of investors.

As part of the workshop, a Memorandum of Understanding (MoU) on cooperation between the Investment Promotion Agencyand ITSJ-G Company was signed. ITSJ-G Company, based in San Jose, USA, operates in the design and production of electrical and electronic components, with years of experience participating in the semiconductor industry supply chain.

The signing of the MoU aims to promote and attract investment from the United States to Da Nang and support Da Nang businesses in participating in the supply chain of ITSJ-G. It involves coordinating promotional activities for Da Nang's investment environment to investors and partners of ITSJ-G, creating favorable conditions for attracting investment capital from the United States to Da Nang in the information technology sector in general and the semiconductor industry in particular.



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