Since 2006, the Sai Gon-Da Nang Investment Corporation (SDN) has been the developer of Lien Chieu and expanded Hoa Khanh IPs. The latter is now home to assembling automobile and manufacturing components plants such as Vietnam TCIE, Seto and Kamui, and TC Motor.
Earlier this month, the firm leased over 4.7ha of land at the expanded Hoa Khanh IP to the Phu Thuan Toan Industry Co., Ltd. for building a $7 million plant for manufacturing automotive exhaust systems.
The Phu Thuan Toan Industry Co., Ltd. is a subsidiary company of the Taiwan-based HAOHSING Industrial Co. Ltd, which specialises in manufacturing automobile and motorcycle exhaust systems with an annual production capacity of more than 500,000 units.
Specifically, a group of visitors from the Korea Auto Industries Coop. Association (KAICA) had a working session with SDN with the aim of learning about cooperative and investment opportunities at the 2 IPs.
Vietnam Association of Financial Investors (VAFI) recently rented 2.1ha of land at the expanded Hoa Khanh IP in order to construct a $5 million plant for manufacturing automotive air, oil and fuel filters for cars.
Besides, a large number of foreign businesses, including those from Japan, such as Yusen Logistics, Logitem Vietnam and Nippon Konpo have been operating effectively in the expanded Hoa Khanh IP.
The expanded Hoa Khanh IP has attracted hundreds of businesses with total registered capital of $258 million in FDI and VND1.185 trillion in domestic investment.
In 2018, FDI businesses at the IP earned $68.4 million from revenue, and contributed over $27 million to the city budget. Meanwhile, local enterprises earned VND83.63 billion and contributed over $4 billion to the city budget.
Meanwhile, the occupation rate of the rental space at the Hoa Khanh and Da Nang Seafood Services IPs is 100% with 187 businesses investing in 199 projects in total.
Local IPs has attracted a total of 575 projects. In 2018 alone, they together contributed to over 858,000 billion VND to the city’s budget, said Le Hoang Duc, Deputy Head of the Authority of the Da Nang High-Tech Park and Ips. Special attention would be paid to encouraging businesses operating in IPs to use eco-industrial models to replace their out-of-date technologies and machines with new ones, he added.
