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The central city’s people’s committee officially signed series key Memorandums of Understandings (MoU) of with the Asian Development Bank (ADB), the United States Agency for International Development (USAID) at the Meet Đà Nẵng 2024 event, opening a new development period for the city after decades of successful growth.
The factory plans to begin the first investment phase in the fourth quarter of 2024 and reach full capacity manufacturing by the second quarter of 2029.
After an investment promotion visit in the US last week, Đà Nẵng promises to offer the most favourable conditions for investors and businesses from the US working in semiconductor and AI technology.
The Đà Nẵng Hi-tech Park and Industrial Zones Authority (DHIZA) said the project, which will be built on 11.35ha, will be a magnet for global electronics and semiconductor investment moves in central Việt Nam.
Long Hậu Corporation has been developing ready-built factories for rent projects on 29.6ha at the city’s Hi-Tech Park in three stages with a registered investment of (US$46.4 million), a report from the DHIZA unveiled.