Da Nang IT Park to receive US$100 million of investment

A green data centre in Da Nang's Hi-Tech Park worth US$100 million has been agreed to thanks to a Memorandum of Understanding (MoU) signed between Trung Nam Group and Singapore’s Infracrowd Capital.

 

It’s the first-ever Tier 3 Plus standard data centre in central Viet Nam. It will facilitate the growing demand for information technology, economic digital transformation and smart city infrastructure in Da Nang and central region in the coming years.

The data and Research and Development (R&D) centre will be built on 20ha site in the Da Nang Information Technology Park – the third national IT centralised zone and the first in central Viet Nam's 'Silicon Valley’.

Director of Da Nang Hi-Tech Park Company, Nguyen Anh Huy, said the data and R&D centre will be a key piece of the mosaic of the IT Park ecological system that hopes to attract foreign investors from the US, South Korea, Japan, Taiwan (China) and Singapore.

He said the centre will be developed in two stages leading to full operational capacity by 2024.

Huy said the construction of a chain of surface-mount technology (SMT) factories at the IT Park’s Information Technology and Communication (ICT) Service Zone is in preparation to contribute to global supply chains.

The first SMT factory, with a capacity of 6.2 million electronic products per year, opened last year, he said.

Director of Trung Nam EMS company, Peter Huynh, introducing the first locally made electronic circuit board at the SMT factory in Da Nang IT Park. Photo courtesy of Trung Nam Group

An apartment and villa zone for experts and engineers, as well as an eco-park project, has been built on 26ha of the IT park, at a cost of $91.3 million.

Trung Nam Group said it completed the first investment phase on 131ha at Da Nang IT Park with an investment of $47 million, while the second phase on another 210ha will be continued with an investment of $74 million.

Also on Tuesday (November 23), Trung Nam Electronic Manufacturing Services (Trung Nam EMS) and Xelex Corporation signed an agreement for the production of 100,000 tablets, for the online education of students in Da Nang City.

The two partners agreed to join the ‘Internet and computers for students’ campaign to provide millions of computers to disadvantaged students, especially those living in areas hit by the COVID-19 pandemic.

Trung Nam EMS plans to operate 20 SMT productions lines in 2022, creating jobs for 2,000 residents in central Viet Nam.

South Korea’s LG Electronics began construction of its R&D centre – the second in Viet Nam – at the Da Nang Information Technology Park Tower just three months after signing an agreement with Trung Nam Land JSC.

The Da Nang IT Park was designed to lure investors from the Silicon Valley in the US into industries such as healthcare, high-tech industries, artificial intelligence, education, real estate and automation.

The city will host a virtual conference calling for investment into ICT from South Korea, currently one of five top foreign investors in Da Nang. 

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