Incentives drive large investment into Danang
Special mechanisms help make Danang a hub for emerging technologies.
THE HANOI TIMES — The Vietnamese Government's preferential policies have enabled the central city of Danang to attract significant investment from technology giants in the semiconductor and artificial intelligence (AI) industries.
Danang has drawn almost 70 companies operating in the semiconductor, microchip and AI sectors such as Marvell, Synopsys, Uniquify, Synapse and Savarti from the US, as well as Renesas from Japan, according to Nguyen Thanh Hong, Director of the municipal Department of Science and Technology.
Visitors experience AI products displayed at a workshop themed "Artificial Intelligence - New Driving Force for Danang's Development". Photo: qdnd.vn
Vietnamese firms such as FPT Semiconductor, a subsidiary of the FPT Group, have also joined the ecosystem.
"The strong interest from these leading firms has established Danang as a national hotspot for investment in the development of science and technology," Hong said.
The city has successfully attracted the Lab-Fab project, which combines a laboratory with an advanced semiconductor packaging production facility. With a total investment of VND1.8 trillion (US$68.8 million) from VSAP LAB Joint Stock Company, the project is expected to begin operating in January 2026.
Furthermore, the Danang Innovation Space project provides an environment for innovation, including co-working areas, incubation facilities, shared technical and office equipment, and IT infrastructure, to support startups and project development.
Hong noted that following its merger with Quang Nam Province in early July, the newly expanded Danang is better positioned to attract enterprises, with the consolidation expected to create a more complete supply chain and enable the growth of R&D centers, AI and training hubs, production facilities, logistics, and supporting industries.
