Signing a Memorandum of Understanding on Investment Co-operation in Data Center and Strategic Cooperation Contract for a order of 100,000 products participating in 'Waves and Computers for Children' Programme
Author: Hạnh Lê Nguyên Nguyễn Updated: 24/11/2021 Views: 5

On the afternoon of November 23, 2021, Da Nang Information Technology Park Development Joint Stock Company (DITP) and Infracrowd Capital Investment Fund (Singapore) virtually signed Memorandum of Understanding on Investment Cooperation in Data Center at Da Nang Centralized IT Park; Trung Nam EMS and XELEX signed a Strategic Cooperation Contract with an order of 100,000 products participating in 'Waves and Computers for Children' Programme.

Da Nang Centralized IT Park was built based on the model of "silicon valley" of the United States and met the standards of the first international centralized IT Park in Da Nang. Da Nang Centralized IT Park has been invested with profound infrastructure facilities, meeting the requirements requested by the investors. Trung Nam EMS and DITP are the two capable, reputable and experienced enterprises of Vietnam. Infracrow Capital and Xelex are foreign partners with potential development for Da Nang City.

 

Information technology has been and will continue to be one of the key areas that Da Nang City gives priority and further calls for investment. Currently, in the city, there are about 2,000 IT enterprises with 40,000 employees, the number of enterprises increasing by an average of 35% per year. The revenue of the IT industry in the period of 2015-2020 grows at an average rate of 20% per year, contributing 7.5% to the city's GRDP. By the year 2030, Da Nang City will become one of the three leading cities in the country in digital transformation, information security and e-commerce.

DITP and Infracrowd Capital Investment Fund virtually signed the MoU on Investment Cooperation in Data Center

Speaking at the signing ceremony, Ms. Huynh Lien Phuong, Director of Da Nang Investment Promotion Agency, stated that this cooperation showed a very good signal not only for investment and business activities of Trung Nam EMS and DITP but also played an important role in attracting investment to Da Nang City, especially in the field of information technology. Ms. Huynh Lien Phuong also emphasized that the success of these projects would make a positive contribution to the development of the IT industry in particular and the socio-economic development of Da Nang City in general. Director of the Da Nang Investment Agency also commits to always accompany and promptly support the investors during the operation of these projects in Da Nang City.

Da Nang City is the socio-economic center of the Central and, Central Highlands, playing the role of the nucleus creating the growth engine for the whole region. Da Nang has been and will continue to be an attractive investment destination for domestic and foreign investors as it possesses  many competitive advantages comparing to neighboring localities, including: Strategic geographical location; the synchronously invested infrastructure system , with the IT infrastructure firmly assessed as the best in Vietnam; abundant and well-trained human resources; favorable investment environment for businesses as well as the most ideal living environment in Vietnam. As of October 2021, Da Nang City has more than 900 valid foreign direct investment projects with a total investment capital of over $3.8 billion. In which, there are 140 IT projects, with investment capital of nearly 50 million USD. The top 5 largest investors are Japan, Singapore, the United States, British Virgin Islands and South Korea.

(IPA DANANG)

 

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