First database centre to be built at Da Nang Hi-tech Park
An investment proposal of database centre project has been approved by the Da Nang Hi-Tech Park and Industrial Zones Authority (HPIZA), marking the first of its kind in the central city’s Hi-tech Park in 2025.
A hi-tech investment project is coming to the Da Nang Hi-Tech Park. (Photo: VNA)
Da Nang (VNS/VNA) – An investment proposal of database centre project has been approved by the Da Nang Hi-Tech Park and Indus𒀰trial Zones Authority (HPIZA), marking the first of its kind in the central city’s Hi-tech Park in ♏2025.
Da Nang HPIZA announced that the International Database Centre project, funded by IDC Joint Stock Company, will be developed with an investment of 800 billion VND (32 million USD). It will cover an area of 1.98ha.
The project is slated to commence construction in July 2025, with the aim of becoming operational between 2026 and 2027.
The IDC project will feature two buildings, housing 1,000 racks, and will offer services including cloud operations, AI applications, and cyber security services.
Da Nang HPIZA reported that six industrial parks, the Hi-Tech Park, and the IT Park, had attracted 521 projects, including 396 domestic projects worth 33.876 trillion VND (1.35 billion USD) and 125 FDI ones totalling more than 2.2 billion USD.
A report from the municipal Department of Information Technology and Communications shows that the ICT industry earned revenues of 39.8 trillion VND (1.6 billion USD), from which 165 million USD was from software exports, in 2024.
It said that the digital economy contributed 21% to the city’s Gross Regional Domestic Product (GRDP).
Viettel has been investing in the development a 5G network at Da Nang Software Park No 1 and No 2, with an Internet of Things (IoT) service, a digital database centre and cyber security services, and the Da Nang-based IT Complex Centre.
To date, 27% of the city's homes, tourism destinations and the downtown area are 5G enabled./.
The Da Nang People’s Committee has recently issued a decision to establish the Hoa Lien Industrial Cluster, spanning over 58.53 hectares, based on the technical infrastructure of the auxiliary area supporting the Da Nang Hi-Tech Park project.
Some potential investors are exploring investment chances in central Da Nang city, and its Hi-Tech Park and Industrial Zones Authority (DHPIZA) hopes that 50% of those FDI businesses will invest in the local semiconductor industry this year.
The central city of Da Nang has called for cooperation and investment programmes from Intel, Marvell Technology Group and Synopsys in building the city into a global semiconductor manufacturing centre.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
