US-based Universal Alloy Corporation Asia Pte. Ltd. (UAC) will receive the investment licence to build an aircraft component manufacturing factory in the central city’s high-tech park. UAC is one of three world's leading corporations in supplying aluminum for aircraft production.
The $170-million factory will produce parts used in all types of aircraft exported to North America and EU markets. It is expected that the project would create from 1,700 to 2,000 jobs for the locals.
In a recent meeting with Danang People's Committee Chairman Huynh Duc Tho, UAC General Manager Jon Kevin Loebbaka affirms that when Boeing and Airbus, UAC's long-term partners, want to expand their business in the future, the corporation would suggest Danang as their next investment destination.
Danang government willl grant the investment license to Katsuura Hotel Mikazuki Co., Ltd. to expand the area of the existing Xuan Thieu tourist area in Lien Chieu district’s Hoa Hiep Nam ward by about 5 hectares.
The Japanese investor is due to pour $100 million to develop the project, which is expected to feature a five-star hotel with 464 rooms, water and amusement parks serving about 6,000 guests per day, a food court and other auxiliary facilities.
In the Danang Spring 2019 Dialogue taking place today, a $70 million factory project in Hoa Khanh Industrial Park will be licensed to US-based Key Tronic EMS.
The project will be located on an area of 12,300 square metres, expected to produce 100 million car lights annually for export.
Key Tronic EMS's representative says that after having the investment licence, the company will embark on upgrading its production base which is expected to be put into operation this August.
More than 13.7 hectares of remediated land at the Danang international airport has just been handed over to the control of the Ministry of Transportation.
More than 13.7 hectares of remediated land at the Danang international airport has just been handed over to the control of the Ministry of Transportation.
Doan Van Binh, Chairman of CEO Group and Vice President of the Vietnam National Real Estate Association, introduced his latest book, “Vietnam Real Estate for Foreigners,” at a launch event in Hanoi on Friday.
Acting for increased women’s participation and leadership in climate action, Vietnam can accelerate a transition that is more inclusive, just, and impactful.
The "Steam for girls 2024" competition provides a creative platform for Steam and an opportunity for students to connect with peers from various regions within Vietnam and internationally.
The Politburo on Wednesday supported a plan to invest in a high-speed railway along the country’s North-South axis, marking a crucial step for the multi-billion-dollar project aimed at boosting economic growth and infrastructure development.
Vietnam's electric vehicle market, holding just 15 per cent of the automotive market share, shows promise but faces significant challenges in scaling up due to infrastructure and regulatory obstacles.
