Highlights

Japanese investor starts work on R&D centre in Danang

 Publish date: Tue, 5 Oct 2021, 11:00 PM

DANANG : Fujikin International Incorporated from Japan officially commenced construction of an R&D centre at Danang High-Tech Park worth a total of US$35 million, seven months after getting an investment licence.

Fujikin said the Danang-based R&D centre is its first in Vietnam after developing a series of projects in Osaka and Tsukuba in Japan as well as plants in the US, South Korea and Ireland.

It’s also the seventh investment project from Japan at the ‘green’ and hi-tech hub in the city and central Vietnam, promoting Japanese investment projects to the top of foreign investors in the city with 55 in total worth $680 million.

The Danang Hi-tech Park and Industrial Zones Authority (Danang HPIZA) said the Danang factory plans to produce air valves using semi-conductor production lines, medical equipment, robots, drones, nano technology, new energy tech using hydrogen, facilities for the environment and Artificial Intelligence (AI).

It expects to be put into operation and provide products to the market in the second quarter of 2022, marking the 20th year of investment in Vietnam by Fujikin.

The project inked a human resources training deal with Danang College for Science and Technology under the Danang University to provide high-quality manpower for the Fujikin Danang R&D Centre in the coming years.

The central city said the Fujikin project is an exemplary investment project in celebration of the 50th anniversary of Japan-Vietnam diplomatic ties in 2023, and friendship co-operation between Vietnam and Japan as well as Danang.

Head of the Danang Hi-tech Park and Industrial Zones Authority (Danang HPIZA), Phạm Trường Sơn said despite lockdowns and social distancing regulations, the 1,100ha ‘green’ hi-tech park attracted 17 projects, of which four were foreign direct investment (FDI) worth $145.31 million, and VNĐ544.4 billion ($23.7 million) from domestic projects in the first nine months of 2021.

The hi-tech park and six industrial zones of Danang have drawn 503 projects including 130 FDI worth $1.8 billion and VNĐ27.56 trillion ($1.2 billion) from domestic investors.

A series of investors including aerospace components manufacturer Universal Alloy Corporation (UAC) of the US; Tokyo Keiki Precision Technology Inc and Niwa Foundry from Japan; and Dentium company from South Korea already operate factories at the hi-tech park.

Earlier this year, Japanese Daiwa Vietnam company also began building its third factory in the central city’s Hòa Khánh Industrial Zone with an investment of US$40 million, bringing its investment in Danang to $90 million in 2005-20.

 

 - ANN

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