Hi-tech Factory in Da Nang:
13:00 | 25/04/2020 Companies
(VEN) - Ancillary industry plays an essential role in promoting the economy and sustainable development. Over the past few years, the industry has experienced a significant growth in foreign direct investment (FDI), leading to diversification of raw material supply and market demand. However, production space is still one of investors’ top concerns, not only in terms of cost but also in terms of infrastructure connection.
With open and attractive investment policies, the south-central coastal city of Da Nang is considered a great destination for businesses in supporting and hi-tech sectors, especially for companies moving production from China to Vietnam. In recent years, the city continues to improve and develop infrastructure, expand hi-tech zones, and create production space to meet investor needs.
The recently inaugurated High-tech Factory in the Da Nang Hi-tech Park is a telling example. Developed by the Long Hau Corporation (LHC), High-tech Factory has a total area of 29.6ha and an investment capital of VND1.05 trillion. This is the first factory-for-lease project in Da Nang’s Hi-tech Park, aiming to serve supporting and hi-tech businesses. The project enjoys the advantages of the Hi-tech Park’s location, close to the Da Nang-Quang Ngai Highway, 25km from Tien Sa Seaport, 22km from the city center and 17km from Da Nang International Airport, connecting directly with Da Nang IT Park.
Phase 1 of the project, on an area of 10,000 square meters at Lot J4, has been completed, offering factories space for lease starting from 1,500sq.m, including a spacious column-free factory and a two-storey office block with modern design.
The High-tech Factory has won praise from domestic and foreign investors. LHC is planning the expansion of phase 1, on an area of 10,000sq.m, which is expected to be completed in September 2020. Many foreign investors are interested in the project and have visited the site.
In addition, LHC offers a full range of business services, including legal services providing support on procedures and business registration; recruitment services for qualified and skilled human resources; factory repair and maintenance; and industrial hygiene services, among others.
“We realize and understand investor concerns when making investment decisions. Therefore, our company strives to provide diversified solutions to meet business needs,” says Bui Le Anh Hieu, Director of the Long Hau Corporation’s Da Nang branch. “It took only six months for phase 1 of the High-tech Factory to be completed and handed over to tenants. LHC also offers support services and continues to develop the expansion phase of the project. We are always ready to provide our best support and advice for businesses intending to invest in the Da Nang Hi-tech Park.”
In December 2019, LHC officially handed over completed workshops to the first two Japanese tenants. Both investors are fully satisfied with construction quality and dedicated support from LHC and the Da Nang Hi-Tech Park and Industrial Zones Authority, which is helping them put the facilities into operation.
Long Hau Corporation (LHC) is the investor of Long Hau Industrial Park, one of the leading industrial parks in Long An Province with over 13 years of experience in development of industrial facilities. In 2010, the company was listed on the Ho Chi Minh Stock Exchange with code LHG. In February 2019, LHC started construction of the first factory-for-lease project in the Da Nang Hi-tech Park.
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