Da Nang Seeks South Korean Investment in IT
Economic relations between Da Nang and Korea
Da Nang has established official friendship and cooperation relations with 5 localities of Korea: Changwon, Daegu, Hwaseong, Seoul, Jeju in the fields of tourism; training, exchange of officials; cultural exchange; sharing of experiences in the fields of green transport, smart cities. In particular, recently, cooperation in labor export from Da Nang to Korea has been promoted by the authorities and businesses of the two countries, initially achieving remarkable results.
Up to now, Korea has 279 investment projects in Da Nang, ranking 5th in terms of investment capital among 45 countries and territories investing in Da Nang, with a total investment capital of about 382 million USD, accounting for 8.9% of the total foreign investment capital of the whole city.
Orientation to attract Korean investment in Da Nang in the field of high technology and information technology
With its strategic geographical location, being an important gateway to the sea for Vietnam and ASEAN countries through the East-West Economic Corridor (EWEC), being the driving force for growth of the key economic region of the Central Highlands, Da Nang easily connects with regional and world high-tech centers;
Da Nang High-Tech Park is one of the three high-tech parks in the country and the only high-tech park in Central Vietnam with outstanding and unique investment incentives and support policies;
IT infrastructure is invested synchronously and modernly, especially the submarine cable lines connecting Vietnam with more than 30 countries in the world (SMW-3 line, APG line);
The system of facilities and information technology infrastructure such as software parks, concentrated information technology zones, high-tech zones, data transmission network systems, data centers, electricity, water and logistics systems serving the semiconductor, microchip and artificial intelligence industries has been formed relatively synchronously over many years.
In particular, the human resources of Da Nang city serving information technology and high technology are assessed to have high professional qualifications and are trained by universities and technical training institutions specializing in information technology and electronics.
The support and high commitment of the government and leaders of Da Nang city focuses on preferential policies and special investment support that have just been approved by the Government in high-tech development, including the fields of semiconductor, microchip, and artificial intelligence industries, Da Nang is making efforts to focus on approaching and inviting prestigious and potential domestic and foreign training institutions, organizations and enterprises to cooperate and link up to implement training programs and develop semiconductor microchip human resources; at the same time, inviting and attracting microchip and artificial intelligence design companies to set up offices and expand investment in the city.
