Da Nang’s adjusted planning draws investors’ interest
Da Nang’s adjusted planning draws investors’ interest
Eleven large corporations have registered to study investment in areas in Da Nang after the central city announced information on its adjusted planning by 2030 with vision until 2045 at a ceremony on Monday.
Chairman of Imex Pan Pacific (IPP) Group Johnathan Hanh Nguyen 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 Son Tra District.
Nguyen said IPP had nurtured an ambition to build a financial centre in Viet Nam 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 Phat Dat Real Estate Development Corporation, and Sun Group expressed their interest in building free duty areas, urban areas, and golf courses in Hoa Tien and Hoa Chau districts, and Suon Doi 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 Le 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.
