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NEW YEAR WORK KICK-OFF AT DANANG IT PARK (DITP)

On the morning of February 19, at Subzone A2 – Danang Concentrated Information Technology Park (Danang IT Park / DITP), Danang IT Park Development Joint Stock Company organized its New Year Work Kick-off Ceremony.
New Year work kick-off ceremony at Danang IT Park DITP - Trungnam Group
Speaking at the ceremony, Mr. Nguyen Tam Tien – General Director of Trungnam Group, shared that after just over 3 months of operations and research, the previously inaugurated Trungnam EMS factory with its Surface Mount Technology (SMT) production line demonstrated Da Nang's new development potential to domestic and foreign investors. Exciting news: following online negotiation sessions, the EMS factory chain will execute a Memorandum of Understanding (MoU) for strategic development with a partner from Silicon Valley, US. Over the next 5 years, annual revenue from this factory chain is targeted to reach USD 1.2 billion.
 
Currently, Trungnam Group is urgently investing in constructing a specialized ICT factory zone across 9.3 hectares in Subzone A2 (IT products and services production subzone), featuring 05 factories with floor areas ranging from 4,000 to 6,000 sqm/floor, a 3-story showroom, and internal technical infrastructure. 

The developer will utilize 2 factories to deploy 16 SMT (surface-mount technology) lines (electronic circuit assembly lines) and 16 Mechanical Assembly lines, while seeking investment in electronics and telecommunications for the remaining 3 factories. These are cornerstone projects for Danang IT Park to welcome global supply chain shifts post-COVID-19, with a total investment capital of nearly VND 1,500 billion. Construction is expected to be substantially completed in 2021.
Executives and workers at Danang IT Park New Year kick-off event - Trungnam Group
Furthermore, during 2021, Danang IT Park will initiate development of the Expert Housing and Eco-Park Service Complex across 26 hectares. The project comprises 4 residential tower blocks (10 to 21 stories), 64 luxury villas, 33 hillside villas, sports facilities, a Clubhouse, and a central park, with total estimated investment capital of approximately VND 2,100 billion.
 
Additionally, the investor plans to deploy 23 remaining factories in the Phase 1 manufacturing subzone to fulfill growing order volumes from international partners, while preparing investment for a 20-hectare R&D Zone (10 hectares in Phase 1 and 10 hectares in Phase 2), and seeking strategic partners for office complexes, exhibition centers, and Data Center facilities.
 
To date, the developer has completed 131 hectares of Phase 1 infrastructure. With favorable investment momentum, Danang Concentrated IT Park will soon reach full occupancy, contributing to the realization of Da Nang's development strategy under Politburo Resolution No. 43-NQ/TW dated January 24, 2019, on building and developing Da Nang City to 2030, with a vision to 2045.
 
COMMUNICATIONS DEPARTMENT
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