The central city of Da Nang has granted in-principle approval to the ICT VINA III Factory project.

Specializing in the production of medical equipment, the investor in the FDI project in Da Nang High-Tech Park is the Dentium Co., Ltd. from South Korea.

With total registered investment capital of $177 million, it brings total FDI in the High-Tech Park to $875.2 million across 13 projects. Its first phase is expected to be operational in the third quarter of 2028.

This is the third and largest project from Dentium Co., Ltd. at the Da Nang High-Tech Park, bringing its total investment to $257 million.

Since the beginning of this year, Da Nang has granted approvals to four new investment projects in the High-Tech Park, the Concentrated Information Technology Park - Phase 1, and other industrial park in the city.

This includes two FDI projects with total registered investment capital of approximately $178.5 million and two domestic projects with a total of VND810 billion ($31.9 million).