INVESTING IN DA NANG HI-TECH PARK AND INDUSTRIAL ZONES: THE RISE OF VIETNAM’S ECONOMIC POWERHOUSE
Admin - 23/04/2025

Tran Thi Nhu Quy - Junior Associate

 

Da Nang, Vietnam's third-largest city and the largest in the central region, plays a key role in driving economic growth in both Central Vietnam and the Western Highlands. Its robust development in industries such as manufacturing, tourism, and IT has made it an attractive destination for foreign investors. With its strategic central location, strong government support, modern infrastructure, and skilled workforce, Da Nang's Hi-Tech Park and Industrial Zones offer promising investment opportunities for both domestic and international investors.

 

Overview of Hi-tech and Industrial Parks in Da Nang

 

Da Nang is home to one Hi-Tech Park, six Industrial Zones, and four new industrial zones currently under development. Looking ahead, the Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA) is focused on attracting investment in high-tech industries, information technology, and supporting industries. Priority will be given to projects that employ modern, environmentally sustainable technologies, ensure the efficient use of natural resources, minerals, and land, and strengthen connections with both domestic and international businesses.

 

Da Nang Hi-Tech Park (DHTP)

 

  • Area: 1,128.4 ha

 

  • Development Objectives:  The goal is to attract both domestic and foreign high-tech resources, establishing a strong foundation for the region's high-tech growth. This involves integrating training, scientific research, and technological development with manufacturing, business, and services. Emphasis will be placed on fostering technological innovation, supporting technology incubation, and nurturing high-tech enterprises. Additionally, the development of a scientific and technological marketplace will be promoted, alongside the growth of high-tech industries that significantly enhance economic impact and boost the competitiveness of products and services in Da Nang, Central Vietnam, and the Western Highlands.

 

Existing Industrial Zones

 

Some notable IZs include:

 

  • Danang Industrial Zone: established in 1993 in Son Tra District with total area of 50,10 ha

 

  • Hoa Khanh IZ: established in 1996 in Lien Chieu District with total area of 394 ha

 

  • Lien Chieu Industrial Zone: established in 1996 in Lien Chieu District with total area of 289,35 ha 

 

  • Da Nang Fisheries Service IZ: established in 2001 in Son Tra District with total area of 50,63 ha

 

  • Hoa Cam Industrial Zone: established in 2003 in Cam Le District with total area of 149,84 ha.

 

Newly Approved Industrial Zones

 

  • Hoa Ninh IZ

 

  • Hoa Nhon IZ

 

  • Hoa Cam Industrial Zone – Phase 2

 

  • Supporting IZ for Hi-Tech Park

 

Da Nang Hi-Tech Park and industrial zones serve as a gateway to Vietnam's innovation-driven future. Boasting world-class infrastructure, attractive government incentives, and a strong commitment to sustainability, Da Nang is ideally positioned to become the next major hub for high-tech and industrial investment in Southeast Asia.

 

Here is our advice on Investing in Da Nang Hi-tech Park and Industrial Zones: The Rise of Vietnam’s Economic PowerhouseIf you are interested in or require legal advisory support regarding the above-mentioned matters. Please visit our DIMAC Website and other News Category to get the latest updates on legal advice and market experience sharing.

 

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