Da Nang attracts data centre project worth 100 million USD

A cooperation agreement was signed on the investment of a data centre worth about 100 million USD in the central city of Da Nang, during a virtual ceremony held on November 23.

The centre will be jointly invested by the Da Nang IT Park Development Company and Infracrowd Capital of Singapore.

Speaking at the event, Founder and CEO/ Managing Director of Infracrowd Capital said the Da Nang IT Park Development will become its comprehensive strategic partner in the development of green data centres and sustainable infrastructure in Vietnam.

This opens up chances for Da Nang to realise the target of turning itself into a smart city through speeding up e-Government services and digital economy development, including artificial intelligence application, by 2030.

Also at the event, Trungnam Electronics Manufacturing Services and Xelex Technology Company sealed a deal on the manufacturing of 100,000 tablets which help students study online.

As of October 2021, Da Nang had more than 900 valid foreign direct investment (FDI) projects with a combined registered capital of over 3.8 billion USD.

Of them, there are 140 information technology projects capitalised at nearly 50 million USD. The IT sector will continue to have an important role to play in FDI attraction of the city.

Source: Vietnam News Agency

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