Indochina Capital, FPT to Invest US$100 Mln in High-tech Complexes in Danang

Indochina Capital and Vietnam’s leading FPT have got investment licenses to invest US$100 million to build separate high-tech, trade complexes in the central Danang industrial park and EPZ, state media reported.

 

FPT will invest US$30 million to build a factory to manufacture and outsource IT products and computer parts which is scheduled for operation in mid 2009, Danang IP and EPZ management board said.

 

It said it leased 68 hectares for the U.S. Indochina Capital that plans to invest US$70 million to build a high-tech complex including offices for lease, trade and service and high class apartments.

 

Of the total area, Indochina Capital will use 80 per cent for high-tech zone which is expected to attract over US$1 billion from investors from the U.S., EU and Japan.

 

So far, Indochina Capital has invested in building seven complexes and resorts, as well as three golf courses in Vietnam, with a total capital of more than US$1 billion.

 

By the end of this year, Indochina Capital will kick off an eco-tourist resort labeled five stars on an area of 20 hectares, adjacent to Ngu Hanh Son with total investment of US$80 million, which is expected to be operational from mid-2009 and another high-rise building of Indochina Riverside Towers on the bank of Han River at total cost of US$27 million.

 

“There are five reasons Indochina Capital selects to invest in Danang, including high economic growth rate, good conditions of infrastructure networks, high-quality labor force and strategic position,” Peter Ryder, CEO of the group said on the sideline of the U.S.’s ASEAN trade conference slated for September 19-22.

 

“Having been an investor in real estate in Vietnam for the past 15 years, we are very keen on the market especially in hotel and resort construction,” a company official said.