Economics

Da Nang starts work on US$11.2 million Hoa Nhon Industrial Cluster to attract high-value investment

Translated by ANH THU Jul 14, 2025 20:55

DNO - Work has started on the Hoa Nhon Industrial Cluster (IC) project in Da Nang. The Saigon - Da Nang Investment Corporation (SDN) under the Saigon Investment Group (SGI) serves as the primary developer of infrastructure for the industrial cluster.

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Da Nang leaders and representatives of SDN and SGI performed the launching ceremony of Hoa Nhon Industrial Cluster project. Photo: MAI QUE

The project spans 24.75 hectares and is implemented in line with the city’s approved industrial planning. It is expected to be completed within 36 months and will operate for 50 years from the date of land allocation.

With a total investment of nearly VND285 billion (approximately US$11.2 million), including over VND137 billion in equity capital, the project is designed to attract businesses in key manufacturing sectors.

Included are mechanical engineering, metal products, electronics, machinery, textiles, footwear, plastics, wood products, printing and supporting industries.

The Hoa Nhon IC is part of SDN’s long-term vision to strengthen Da Nang’s industrial infrastructure and promote sustainable development.

As the developer of several major projects in the city, including Lien Chieu Industrial Park, SDN has affirmed its role as a strategic partner in local economic growth.

City leaders expressed strong support for the project, emphasizing Da Nang’s commitment to facilitating favourable conditions for investors.

The launch of the Hoa Nhon IC marks an important step in expanding Da Nang’s industrial capacity and creating new opportunities for domestic and international enterprises.

Translated by ANH THU