Da Nang Industrial Park In Dang Nang City

Key Points to Remember:

• Da Nang is an economic, cultural, and tourism center of Vietnam.
• The Da Nang Industrial Park plays a crucial role in the city’s economic development.
• The industrial park provides modern infrastructure and a dynamic business investment environment.
• The park attracts many domestic and foreign enterprises for investment.
• The Da Nang Industrial Park is an attractive destination for investors.

Geographical Location of Da Nang Industrial Park

The Da Nang Industrial Park is located in the central economic zone of Vietnam, specifically within the Chu Lai Open Economic Zone. This location provides advantages in terms of geography and connectivity.

Advantages of Transportation Connectivity

The industrial park boasts a developed transportation system, offering diverse connections via road, rail, air, and sea. This facilitates the business activities of production and import-export operations for enterprises.

Central Economic Zone of Central Vietnam

The Da Nang I.P is situated within the dynamic central economic zone, offering numerous opportunities for businesses in terms of market access, workforce, and infrastructure.

Vị Trí Địa Lý Đà Nẵng

Scale and Infrastructure of the Industrial Park

The Da Nang I.P is a key industrial center in the central region, covering over 50 hectares. It features modern and comprehensive infrastructure, meeting the production and business needs of enterprises.

The park’s technical infrastructure includes:

• A wide road network connecting with major routes and Da Nang International Airport.
• A stable and reliable power supply to meet production demands.
• An abundant water supply and modern wastewater treatment system.
• A modern telecommunications network, supporting communication and data transmission needs.
• Warehousing and administrative services that support production and business activities.

With its integrated and attractive infrastructure, the Da Nang I.P is an ideal destination for both domestic and international enterprises looking to invest.

Key Industries in Da Nang Industrial Park

The Da Nang Industrial Park attracts numerous businesses in industries such as the automotive and automotive parts industry, electronics industry, and information technology. These fields are at the core of production, forming a dynamic industrial cluster.

Automotive and Automotive Parts Industry

The Da Nang I.P draws many businesses from the automotive and automotive parts sector. Car manufacturing and assembly plants, along with automotive parts suppliers, create an efficient supply chain, promoting the development of this industry.

Electronics and Information Technology Industry

The park also attracts many companies in the electronics and information technology sectors. These are advanced industries that produce high-tech products, enhancing production quality and the competitiveness of the park.

In conclusion, industries like automotive, automotive parts, electronics, and information technology are driving the development of the Da Nang I.P.

Enterprises Investing in the Industrial Park

The Da Nang I.P has attracted many enterprises, including both domestic and foreign companies. The presence of major corporations has boosted the area’s reputation.

Major Domestic Enterprises

Major domestic enterprises like Vingroup, Thaco, and Viettel have chosen this industrial park, seeing it as an ideal place to expand production. The key factors for this choice include the geographic location, infrastructure, and investment incentives.

Foreign Investment Enterprises

Many foreign companies, such as Toyota, Samsung, Intel, LG, and Canon, are also interested in the park. They chose Da Nang for investment and production expansion, aiming to leverage the high-quality labor force and the government’s incentive policies.

The presence of leading economic corporations has strengthened the reputation and appeal of the Da Nang I.P.

Workforce in the Industrial Park

Da Nang is a young and dynamic city with a young workforce. The workforce in the Da Nang Industrial Park is skilled and well-educated, meeting the needs of businesses.

The local government places strong emphasis on human resource development, implementing training programs and attracting labor. These programs help supply qualified personnel for the industrial park’s workforce.

Both domestic and foreign enterprises highly value the workforce in the Da Nang I.P, considering it a crucial factor in attracting investment.

Overview of Da Nang City Industrial Park

The Da Nang I.P is located in the central economic hub of the central region, playing a key role in the industrial and economic development of the city. The park offers modern infrastructure and a favorable investment environment.

With its advantageous geographical location and diverse transportation options, the park attracts both domestic and international businesses. Key industries include:

• Automotive and automotive parts
• Electronics and information technology

The park attracts not only domestic companies but also many multinational corporations. This creates a dynamic and promising business investment environment.

The government and local authorities have continuously invested in the Da Nang I.P, helping it develop and solidify its vital role in the city’s economy.

Investment Incentives in the Industrial Park

The city government has implemented various investment incentives to attract investors. These include tax and fee exemptions or reductions, as well as incentives related to land and factory leases. Enterprises investing in this industrial park will benefit greatly.

Tax and Fee Incentives

Enterprises in the Da Nang I.P will enjoy tax incentives. They will be exempt from corporate income tax for the first four years, followed by a 50% tax reduction for the next nine years. Additionally, they are exempt from land-use fees for the first 15 years.

Land and Factory Lease Incentives

The Da Nang government also offers incentives related to land and factory leases for investors. Businesses can rent land at favorable rates and receive support in building factories that meet their production needs. This helps enterprises save costs and focus on production and business operations.

The tax, fee, land, and factory lease incentives make the Da Nang I.P highly attractive, drawing both domestic and foreign investors.

Investment Environment in the Industrial Park

The Da Nang Industrial Park offers a favorable business investment environment, with modern infrastructure that attracts domestic and international enterprises.

Investment incentives in the park’s business investment environment are highly attractive. Investors benefit from tax, fee, land, and factory lease incentives, reducing costs and increasing business efficiency.

The industrial park also provides professional support services to meet business needs. From infrastructure to logistics, management to workforce training, the industrial park strives to meet every need.

The strengths of the Da Nang I.P’s business environment include infrastructure, investment incentives, and support services. These make the park a highlight in the local economy, driving industrial development and attracting new capital investments.

Future Development Plans for the Industrial Park

The Da Nang government has plans to further develop the industrial park, aiming to build it into a modern industrial production hub. The area will be dynamic and internationally competitive.

Expanding Scale and Capacity

Development plans for the Da Nang I.P focus on expanding its scale and production capacity. The area and infrastructure will be expanded, creating opportunities for businesses to grow and increase capacity.

Attracting More Foreign Investment

The Da Nang government also strives to attract more foreign investment into the industrial park. Investment incentive policies will be improved, with the goal of drawing more FDI projects in key sectors such as automotive, electronics, and information technology.

The Da Nang government hopes the industrial park will develop strongly, becoming a driving force for economic growth and industrialization in the city.

Role of the Industrial Park in Da Nang’s Economy

The Da Nang I.P is a critical foundation for industrial development. It attracts investment and creates jobs, helping the city’s economy grow. The park has driven growth, making the city more prominent.

The development of the Da Nang I.P increases the scale and quality of the economy. Enterprises provide good job opportunities for workers, attracting skilled labor from across the country.

The activities of the Da Nang I.P stimulate supporting industries and services, creating positive economic effects. The park’s revenue is a vital part of the city’s budget.

The Da Nang I.P is an important driver of the city’s economy, fostering fast and sustainable growth. The industrial park will continue to develop in the future, attracting many new projects.

Conclusion

The Da Nang Industrial Park plays a crucial role in the city’s development, creating a dynamic and attractive investment environment. With its favorable geographical location, modern infrastructure, high-quality workforce, and investment incentives, the park attracts many investors.

The development of the Da Nang I.P will drive economic growth and industrialization, helping Da Nang achieve sustainable development in the future. With its outstanding advantages, the Da Nang I.P will remain a key driver of the city’s economy.

In summary, the Da Nang I.P is central to the industrial and economic development of the city. With its competitive advantages, the park will continue to attract investors, contributing to the growth and modernization of Da Nang.

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FAQ

Where is the Da Nang Industrial Park located?
The Da Nang Industrial Park is located within the Chu Lai Open Economic Zone, a key economic zone in Central Vietnam.

What are the transportation advantages of the Da Nang I.P?
The Da Nang I.P benefits from various transportation options, including road, rail, air, and sea connections, facilitating production and import-export operations.

What is the scale and infrastructure of the Da Nang I.P?
The industrial park covers more than 50 hectares and features modern infrastructure, meeting production needs.

What are the key industries in the Da Nang I.P?
Key industries include automotive, automotive parts, electronics, and information technology. Many major enterprises have invested in the park, creating a dynamic industrial cluster.

Which companies have invested in the Da Nang I.P?
The park has attracted numerous large enterprises, including Vingroup, Thaco, Viettel, Toyota, Samsung, Intel, LG, and Canon.

What is the workforce like in the Da Nang I.P?

Da Nang has a young, skilled workforce. The local government invests in workforce development through training and labor attraction programs.

What are the investment incentives in the Da Nang I.P?
The government has issued various investment incentives, including tax, fee, land, and factory lease incentives. Enterprises enjoy these benefits when investing in the park.

What is the business investment environment like in the Da Nang I.P?
The industrial park offers a favorable business environment with modern infrastructure and professional support services, attracting domestic and international investors.

What are the future development plans for the Da Nang I.P?
The government plans to expand the park’s scale and attract more foreign investment, positioning it as a modern and internationally competitive industrial hub.

What is the role of the Da Nang Industrial Park in the city’s economy?
The industrial park is key to industrial development and investment attraction, creating jobs and driving the city’s economic growth. The park’s activities increase the city’s economic value.