Da Nang breaks ground on $48 million industrial park to attract major investment

Da Nang has officially launched the Tam Anh 1 Industrial Park, a significant development aimed at bolstering the city's industrial capacity and investment appeal. The 167-hectare park, with a total investment of over 1,518 billion VND (approximately $48 million), broke ground on August 28. This project is positioned as a key contributor to Da Nang's economic growth targets and a celebration of Vietnam's National Day.

Phan Thai Binh, Vice Chairman of the Da Nang City People's Committee, emphasized the strategic importance of the Chu Lai Open Economic Zone as a growth pole in the southern part of the city. He noted that Tam Anh 1 Industrial Park offers substantial potential for attracting large-scale, technologically advanced projects and strategic investors. The park's development is expected to enhance the region's industrial, logistics, trade, and urban development capabilities.

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in the overall development picture of the city, the Chu Lai Open Economic Zone is identified as an important growth pole in the south, playing an increasingly important role in industrial, logistics, trade, and urban development.

The project, led by Chu Lai - CFG Glass Joint Stock Company, has a planned operational period of 70 years. Construction is scheduled from the third quarter of 2026 to the fourth quarter of 2028. This groundbreaking marks a crucial step in establishing and developing the industrial park, following extensive legal and preparatory work.

Officials highlighted the park's strategic location, offering excellent connectivity to seaports, airports, expressways, and major transport routes. Future connections to the North-South high-speed rail network, including a planned freight station, are expected to further reduce logistics costs and enhance the competitiveness of businesses operating within the park. The development aims to create a modern, well-equipped industrial zone that attracts new manufacturing and business ventures, thereby improving the overall quality of industrial development in Da Nang.

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This is also a space with a lot of potential for the city to attract large-scale projects, modern technology, and strategic investors.