Mr. Eric Le, Dreau, lawyer, manager of Indochina Legal office, expressed his gratitude to the agencies and departments in Da Nang city for taking the time to receive and work with the delegation. The delegation has 12 member companies of Legalink - a famous global legal consulting network organization with more than 68 member law firms and more than 3,500 legal personnel. Legalink company representatives on this occasion come from France, Australia, Singapore, India, Indonesia, England, Malaysia, China, Korea, Japan,etc. Legalink is an effective support network for businesses. businesses, investors seek new investment opportunities and support the process of establishing business projects globally. He also expressed that in 2024, Da Nang city chooses the year's theme as "Promoting administrative reform, strengthening discipline, continuing to open up investment resources, promoting economic growth and ensure social security", so he believes that the two sides will have many opportunities to cooperate to support Da Nang city.
After watching the video on promoting Da Nang's investment environment, delegates from law firms had questions for the city's departments, branches and branches, such as the industries that Da Nang city is attracting investment, business investment barriers, the city's competitive strengths compared to large localities such as Ho Chi Minh City and Hanoi, investment in medical equipment manufacturing, trade situation, import and export, etc.
Responding to questions related to investment, a representative of the Investment Promotion Agency said: The city identifies high-tech industry as one of the three pillars of socio-economic development, in addition to tourism and marine economy. In particular, priority is given to the development of electronics, mechatronics, automation, precision mechanics, biotechnology, and information technology. Semiconductor technology and artificial intelligence are identified as new driving forces to create breakthrough development for Da Nang in the coming time. Da Nang meets all conditions in terms of human resources, infrastructure and preferential policies to welcome businesses and investors in the high-tech field to invest or expand investment in the city. The city prioritizes calling for investors specializing in the semiconductor industry supply chain (circuit design, production of materials, equipment, spare parts; providing testing and security solution services...), become an important link in the global value chain. In addition, Da Nang city will also develop a Free Trade Zone after receiving specific mechanisms from the Central Government. The City commits to always accompany investors in the process of researching, surveying and implementing projects in Da Nang city. The city invites investors from all countries around the world and there will be no distinction between investors between countries.
Representatives of the Department of Information and Communications added the strengths of Da Nang city to attract the development of the information technology industry, especially the semiconductor chip industry in the coming time.Da Nang is ready to prepare land funds and infrastructure for concentrated IT parks, software parks, and high-tech parks (01 high-tech park, 06 industrial and export processing parks and 03 information technology parks). news, software park in operation). Electricity, transmission line infrastructure (02 SMW and APG fiber optic cable lines), Data Center infrastructure (City Data Center, VNPT Data Center, CMC Data Center, Viettel Data Center and upcoming is the expected Data Center at Software Park No. 2) guaranteed.Regarding investment incentives and attraction policies in the field of semiconductor chips and artificial intelligence: Existing policies include: investment incentives in high-tech parks, tax incentives and land rental in Technology parks high, tax incentives in Software Park No. 2; Expected policies include: incentives for strategic investors (land lease, determination of taxable income, priority customs procedures), incentives for chip and AI businesses (tax, investment in upgrades and expansion, equipment rental, property rental, training costs, VISA policy.
View of the reception and working session
Representatives of the High-tech parks and Industrial zones Authority shared information about investment in Da Nang High-Tech Park, such as preferential policies on corporate income tax, land rent, and import-export tax. Currently, if businesses intend to invest in medical equipment production, they can consider investing in the High-Tech Park to enjoy outstanding preferential policies.
Regarding the import-export situation, a representative of the Department of Industry and Trade said that the city's export turnover in 2023 is more than 1.8 billion USD and imports are nearly 1.2 billion USD. Regarding the question from the Australian law firm, the representative of the Department of Industry and Trade said that the main products that Da Nang city exports to the Australian market are seafood, toys, fishing rods, chemicals, and high-quality products. Meanwhile, exported goods are drugs, raw materials for production, etc.
At the end of the meeting, the representative of the Department of Foreign Affairs thanked the delegation for their goodwill cooperation proposal and hoped that they would continue to welcome the delegation to work in Da Nang in the near future.
IPA Da Nang
