$45 million first factory complex for lease in Da Nang Hi-Tech Park to kick off

By Ha Linh - Sep 19, 2018 | 08:27 AM GMT+7

TheLEADERDa Nang City People's Committee has just granted the investment certificate to Long Hau Joint-Stock Company to build the first factory complex for lease on an area of 29.6ha in Da Nang Hi-tech Park.

$45 million first factory complex for lease in Da Nang Hi-Tech Park to kick off
Leaders of Da Nang City gave the investment certificate to the project

Covering a total investment of VND1.05 trillion ($45.2 million), the project is divided into three phases and will kick off in the last quarter of this year.

Sized from 500 – 3,300 square metres, ready-built factories will offer office system and full equipment to serve enterprises operating in the techplus sector. In addition, the investor also devotes 20 hectares to building on-demand and high-rise factories.

The investor has entered into a lease agreement for the 6,000-m2 ready-built factory with Japan’s Hatsuta Seisakusho Co., Ltd.

Vice Chairman of the Da Nang City People's Committee said that to date, Da Nang High-Tech Park has nearly 400ha of clean land with technical infrastructure and has attracted 15 projects with a total investment capital of $400 million.

Long Hau Joint-Stock Company was incorporated by Tan Thuan Industrial Promotion Company (IPC) and Jaccar Capital Fund, Viet Au Corporation and Sadeco.

The company is the investor of Long Hau Industrial Park, Long Hau Industrial Park Extended, Long Hau Industrial Park 3 in Long An province.

In the first half of 2018, the company reported net revenue of VND254 billion ($10.9 million) and net profit of VND122 billion ($5.25 million), fulfilling 53.2 per cent of its revenue target and 96 per cent of its full-year profit target.