Previously, at the end of December 2023, the Management Board of Da Nang High-Tech Park and Industrial Parks granted an investment registration certificate to investor KP Aarospace Industries (Korea).
The project has a total investment of 20 million USD, aiming to produce, process and assemble aircraft parts, including auxiliary power unit doors (APU Door), MIC tip, wing box, winglet, flap support fairing of Boeing 787 and Boeing 737 Max aircraft.
Groundbreaking ceremony scene
This is the second project in the aerospace sector invested in Da Nang High-Tech Park, after the project of UAC Vietnam Co., Ltd. (currently in operation), creating the first foundation for the formation of an aerospace technology complex in the High-Tech Park.
According to the Management Board of the High-Tech Park and Industrial Parks of Da Nang City, the successful attraction of two FDI projects in the aerospace sector from the United States and South Korea has affirmed the initial results of the action program of the Standing Committee of the Da Nang City Party Committee on calling for investment in key projects in the period of 2020 - 2025, making Da Nang City a high-tech center of the country by 2030.
Factory perspective
Mr. Tran Chi Cuong, Vice Chairman of the People's Committee of Da Nang City, said that the investor made the right choice when developing the project in Da Nang City, not only in line with the city's development orientation and priority areas for attracting investment, but also contributing to making Da Nang an investment destination for the aviation industry in the region and the world, concretizing the policy of making Da Nang a center for science and technology development.
"The factory's early operation is expected to bring benefits to investors, contribute to increasing the value of industrial production, exports, create jobs, affirm the city's consistent policy in administrative reform, improving the investment and business environment, attracting investment...", Mr. Tran Chi Cuong affirmed.
At the groundbreaking ceremony, representatives of KP Aarospace Industries (Korea) thanked them for their enthusiastic support in completing procedures, documents, appraisals and quick licensing assessments, helping the unit overcome concerns about infrastructure and administrative procedures.
The investor also committed to promptly implementing construction procedures in accordance with regulations immediately after signing the land lease contract, with construction expected to begin in early February 2024. The construction unit (General Contractor for Design, Construction and Construction DINCO) also strives to complete the project and officially begin operations by the end of 2024.
KP Aerospace Industries is a partner of leading companies in the aviation industry such as Boeing, Airbus, Korean Air.
In 2023, the Management Board of Da Nang High-Tech Park and Industrial Parks granted new licenses to 19 projects with a total investment capital of 258.6 million USD (equivalent to 6,301 billion VND).
Up to now, the High-Tech Park, IT Park and Industrial Parks in Da Nang City have attracted 526 projects with a total investment capital of more than 3.4 million USD (more than 83,152 billion VND).
In 2024, the Management Board of Da Nang High-Tech Park and Industrial Parks will continue to focus on three main spearheads, including aerospace technology, semiconductor microchips and high-quality healthcare.
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