Vietnam's Danang province draws interest of investors after adjusted planning

  • Vietnam
  • Wednesday, 31 Mar 2021

Han River Bridge in Danang. Eleven large corporations have registered to study investment in areas under the city's newly-adjusted planning. — Photo

DANANG (Vietnam News/ANN): Eleven large corporations have registered to study investment in areas in Danang after the central city announced information on its adjusted planning by 2030 with vision until 2045 at a ceremony on Monday (March 29).

Chairman of Imex Pan Pacific (IPP) Group Johnathan Hạnh Nguyễn said that his corporation had a plan to pour more than US$8 billion into numerous projects in the city, with the highlight being a regional financial centre in Sơn Trà District.

Nguyễn said IPP had nurtured an ambition to build a financial centre in Vietnam since 2016, and with the city’s planning, the group would now have a chance to make its dream come true.

He said in the past five years, his firm made meticulous preparations for construction, including finance, human resources, and connection with financial powers in the world.

Other investors like Phát Đạt Real Estate Development Corporation, and Sun Group expressed their interest in building free duty areas, urban areas, and golf courses in Hòa Tiến and Hòa Châu districts, and Sườn Đồi urban area.

However, they said they were worried about sudden surge in land prices following the announcement of the planning adjustments, as well as challenges in compensation and site clearance.

Chairman of the municipal People’s Committee Lê Trung Chinh pledged to create the best possible conditions for investors, saying he had ordered the Department of Construction to work with competent departments to pen specific investment criteria for each area.

“I guaranteed that investment attraction will be carried out in a transparent and public manner, with local residents’ interest being the top priority”, he added. — Vietnam News/Asia News Network

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Vietnam , Danang , investors


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