Da Nang Saigon Joint Stock Company (SGD) recently signed a business agreement with the Korean CEO Summit Organization regarding industrial park and urban area development, aiming to attract more foreign direct investment to this central city.
Key Agreement Points: SGD General Director Mai Cong Ha stated that this business cooperation will focus on funding support for SGD projects, as well as restructuring and designing urban and industrial park real estate projects in Da Nang. Both parties also reached consensus on attracting more FDI into industrial parks and business promotion.
Current Project Overview: SGD is currently developing 4 residential urban areas and 2 industrial park projects. Among them, Lien Chieu and expanded Hoa Khanh Industrial Parks have attracted 67 projects, with FDI reaching $850 million and domestic investment reaching 20 trillion VND, creating 9,000 jobs.
Future Development Plans: As a member of Saigon Investment Group, SGD plans to participate in investment in new industrial parks in Hoa Ninh and Hoa Ren (Hoa Vang district), while also participating in the development of major projects such as Da Nang Free Trade Zone, Lien Chieu Deep Water Port, and International Logistics Center.
Investment Opportunities: According to the Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA), a 58.5-hectare supporting industrial park is seeking domestic and foreign enterprise investment.
Korean Enterprise Investment Status:
- Samsung established Samsung Innovation Campus (SIC) at Duy Tan Private University in Da Nang.
- Supporting the establishment of the city’s first smart factories by Nam Trung Group and New Dragon Paper Packaging Company.
- LG Electronics established its second R&D center in Vietnam in Da Nang.
- Korean investors have invested in 378 projects in Da Nang, with total investment reaching $371 million, focusing on IT, communications, high-tech industries, automation, semiconductor workforce training, and artificial intelligence.
Key News Points:
- Da Nang Saigon JSC and Korean CEO Summit Organization reach industrial park development cooperation.
- Cooperation focuses on project funding support and park restructuring design.
- Existing projects have attracted substantial investment and created significant employment.
- SGD plans to expand into more major project investments.
- Korean enterprises continue to expand investment in Da Nang across multiple high-tech sectors.
