A ceremony for announcing the commencement of a project for Infrastructure Development and Operation in Hoa Ninh Industrial Park, central Da Nang city, was held on February 18.

The project aims to attract a new wave of investment and capitalize on Da Nang's strategic advantages for future growth.

Following the in-principle approval for the project in December 2024 by the Prime Minister, the Da Nang People's Committee, under its decision dated February 11, 2025  accepted Thanh Binh Phu My Joint Stock Company as the selected investor which was then granted the Investment Registration Certificate dated February 18, 2025 by the Da Nang Hi-Tech Park and Industrial Zones Authority 

The project spans over 400 ha in Hoa Ninh Commune, Hoa Vang District, with a total investment exceeding VND6.2 trillion (nearly $243 million). The project is slated for completion within 42 months, starting from the date of land handover.

Under the master plan for the development of Da Nang city for the  2021-2030 period, with a vision extending to 2050, the Hoa Ninh Industrial Park is poised to become a specialized, eco-friendly hub. It aims to leverage its proximity to key infrastructure such as Lien Chieu Deep-Sea Port, Da Nang International Airport, and the Da Nang Free Trade Zone.

Hoa Ninh Industrial Park benefits from its location adjacent to the western ring road, facilitating connections to Lien Chieu Port, highways, and national roads, and its proximity to essential areas.

The Hoa Ninh Industrial Park is expected to emerge as one of the most advanced industrial parks in the Central region, bolstering the region's industrial capabilities and economic growth