Other Information
INDUSTRIAL ZONE |
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Quickly form the main industrial force by bringing into play advantages and modern and advanced technology and equipment to make products competitive in the market: sea products processing, software, machinery, seagoing vessel repair, port industry serving the marine economy and industrial professions directed toward export. Establish a suitable management mechanism for Danang, Hoa Khanh and Lien Chieu Industrial Parks; step up domestic and foreign investment encouragement to develop industry; develop satellite industry groups, processing and rural area services; move polluting industries out of urban areas in line with the city’s industrial development planning. About the Industrial Zone: |
A LARGE MARKET
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ABUNDANT AND QUALIFIED HUMAN RESOURCES
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PREFERENTIAL POLICIES AND ONE-DOOR MECHANISM
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A DEVELOPED FINANCIAL AND CREDIT SYSTEM
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Hoa Cam Industrial Zone Invesment Joint Stock Company
Strive to achieve an average increase of 16.62% per year in the period 2001 - 2005, 15.5% in 2006 - 2010, and 16.1% per year from 2001 to 2010.
With its population of nearly 800,000 and a relatively high living standard, Danang is at the center of a large potential market for manufacturers and service suppliers. Advantageous transport facilitates goods transfer from Danang through central Vietnam and the Highlands, a new potential market. When the East-West Economic Corridor is completed in late 2005, the market will be expanded to Myanmar, Thailand and Laos, opening great opportunities for investors. From Danang, the starting point of the East-West Economic Corridor (EWEC), goods will easily access domestic and regional markets.
With 14 universities and colleges, 15 junior colleges and technical secondary schools, and many vocational and informatics and foreign language training centers, every year, tens of thousands of personnel are well trained. The city's human resources are the highest quality in central Vietnam and the Highlands. They have an industrial working style and are enthusiatic, hard working and highly responsible.
Danang has many preferential policies to attract investment. Investment licenses are granted to appraised projects in 10 days and registered projects in 5 days. All procedures are carried out at the Danang Investment Promotion Center. In addition, the city has issued many incentives regarding land lease, income tax and support for infrastructure investment. The city authorities are determined to carry out radical reforms in administrative procedures to a create favourable investment environment.
Over 50 banks and financial leasing companies in the city are operating and ready to meet enterprises’ demand for short and medium-term capital for investors. Beside it, investors can use long-term capital with the low rate from The development support fund. The domestic and international payment is quick and convenient with other good services can help enterprises overcome difficulties in their business.
