Da Nang city has favourable conditions to become one of the top industrial, trade and tourism centres in Vietnam and Southeast Asia thanks to its historical traditions, large population, advantageous geographic location and good communication infrastructure, including an international airport and a deep seaport. Da Nang also plays a key role as a gateway to the South China Sea for the East-West Economic Corridor and lies near the Dung Quat Oil Refinery.

1. Da Nang city now has five industrial parks (IP) with total areas of 1,400.3 hectares,
accommodating 189 local businesses, which have total registered capital of VND7,481
billion, and 35 foreign-invested enterprises with combined capital of US$197.15 million.
Favourable investment environment
Da Nang city has favourable conditions to become one of the top industrial, trade and
tourism centres in Vietnam and Southeast Asia thanks to its historical traditions, large
population, advantageous geographic location and good communication infrastructure,
including an international airport and a deep seaport. Da Nang also plays a key role as a
gateway to the South China Sea for the East-West Economic Corridor and lies near the
Dung Quat Oil Refinery.

3. Infrastructure of Da Nang city satisfies the demand of investors. With Da Nang
international airport and its system of seaports, investors will be assured of scheduled
exporting and importing of their goods. Furthermore, the system of roads and railways
in the central city are often upgraded, helping investors reduce the transporting time
from Da Nang to other localities in Vietnam, Thailand and Laos. In addition, the post and
telecoms system and the finance system, including domestic, foreign and joint venture
banks, investment consulting companies and auditing firms, are unceasingly invested in
to meet the demand of investors.

5. See more Factory for remt Da Nang: https://www.pdindustrials.com/property/factory-
rent-da-nang

6. Fast investment procedures
To create more favourable conditions for investors, Da Nang City set up the
Management Board of Industrial Parks and Export Processing Zones (DIEPZA) under
Decision 548/TTg, dated September 7th 1995, by the Vietnamese Prime Minister.
Accordingly, DIEPZA is the only state body authorised to assist local and foreign
entrepreneurs investing in industrial parks in Da Nang.
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DIEPZA’s major tasks include supporting and promoting investment in industrial parks.
The management board is also in charge of liaising with investors, guiding them in
investment procedures, providing information and helping them prepare feasibility
studies. DIEPZA receives and examines investment applications, and grants licences for
local and foreign-invested projects in the city.

7. Special investment incentives
When investing in Da Nang, Hoa Khanh, Lien Chieu and Service & Fisheries industrial
parks in the central Da Nang City, investors will enjoy an exemption from corporate
income tax (CIT) for the first two years, and a CIT reduction of 50 per cent for two or
three years following. Furthermore, investment in Hoa Cam Industrial Park, will attract a
CIT tax exemption for the first two or three years and a reduction for six to eight
following years. Enterprises in those industrial parks will be also free from import taxes
on goods used as fixed assets. Other equipment, machines, and special-use vehicles are
also exempt from import taxes. Moreover, materials for manufacturing equipment and
machines which will be used in production lines, will benefit from duty-free imports. In
addition, when investing in industrial parks in Da Nang, investors are also exempt from
land rentals for three to 13 years.
Le Hanh
Source: www.vccinews.com