Da Nang cancels investment approval for Hoa Cam IP expansion

The People's Committee of Da Nang City has officially revoked a decision that had approved the investment policy for the 13.1-ha expansion project (phase 1)  of the Hoa Cam Industrial Park.

The decision was annulled due to procedural and regulatory shortcomings. 

Additionally, the decision was inconsistent with the overarching plan for industrial park development in Da Nang City, and it failed to ensure the operational term for the investment project.

Da Nang City currently boasts a 1,128-ha high-tech park, a 130-ha concentrated information technology park, and six operational industrial parks with a combined area of approximately 1,100 ha. These include: Da Nang Industrial Park (50.1 ha, 100% occupancy); Hoa Khanh Industrial Park (394 ha, 100% occupancy), Hoa Khanh Expanded Industrial Park (132.6ha, 100% occupancy), and Hoa Cam Industrial Park (149.84 ha, 87.27% occupancy).