The People's Committee of Da Nang City has announced the establishment of the Hoa Lien Industrial Cluster, located in the central city's Hoa Vang district.

Accordingly, the projected industrial cluster will cover an area of nearly 59 ha with a total investment capital estimated at over VND235 billion ($9.25 million).

The industrial cluster is to prepare technical infrastructure and services to attract industrial investment, particularly in high-tech supporting industries, supporting industries, automotive component manufacturing and assembly, and related support services such as warehousing, logistics, clean and environmentally friendly industries. It aims also to contribute to job creation, development, and economic growth in the central city.

The establishment of the Hoa Lien Industrial Cluster also aims to exploit and utilize the auxiliary area serving the Da Nang High-Tech Park project, ensuring compliance with the city's policy on the conversion of the High-Tech Park's auxiliary industrial zone into an industrial cluster.