On Oct 10th, 2019 representatives of Da Nang city met the US
business delegation including Hayward Quartz Technology Inc., Westcoast
Precision, Inc., Majestic Beauty Supplies, Inc., Lee’s Sandwiches
International, Inc., Hung Phat USA. These are businesses in the field of
manufacturing, processing diamonds and gold, silver and gems; production and
distribution of beauty accessories, cosmetics; manufacturing and producing
metal and hardware, supplying customized high-quality spare parts and
semiconductor devices for the medical and biotechnology equipment industry;
Manufacturing and distributing semiconductor equipment in the United States,
whom shown interest to set up business and expand operation to Vietnam.
Representatives of US
enterprises affirmed that Da Nang City is a potential destination for
businesses in the High Technology and Information Technology. With the
coordination, as well as the city’s incentives in the field of high technology
and investment in Da Nang High-Tech Park, enterprises from the United States
consider opportunities to invest in the high technology sector in Danang.
Da Nang city has many benefits that investors are interested in
such as the safe and stable living environment, the young and highly qualified
labours from more than 25 universities and colleges in the city, in addition
the city is also a destination for many domestic and foreign investors in many
different fields, which is an opportunity for investors to compete, distribute
the productions.
Currently, in Da Nang, there are more than 60 investment projects
of the US investors with the registered capital of nearly 6 million USD,
including large projects such as the Sunshine Aerospace Components Plant
Project in Da Nang high-tech park of Universal Alloy Corporation (USA) with
total registered capital of USD 170 million; the factory of electronics and
electronic equipment manufacturing and assembling project, total capital of USD
50 million, in Hoa Khanh Industry Zone Expansion invested by Key Tronic EMS
Group. Besides there are many other projects being implemented and effective in
the process of operation.
Da Nang City and investors from the United States hoped to achieve
more business achievements in the future to help investors and the city achieve
development goals in the future to welcome company to set up company, factory,
and invest in Vietnam.
ANT Lawyers is Vietnam exclusive member of Prae Legal, an
international law firm network.
For Vietnam legal matters or services, the client could reach the
Vietnam law firm members via email at ant@antlawyers.vn or
contact the Vietnam law firm member directly via
office telephone at +84 28 730 86 529.
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