Set of criteria for screening strategic investors in Da Nang Free Trade Zone

Thu Giang |

The criteria for screening and selecting strategic investors in the Da Nang Free Trade Zone (FTZ) are stated in Resolution No. 136/2024/QH15 of the National Assembly.

According to the Management Board of Da Nang High-Tech Park and Industrial Zones, to attract high-quality and impactful projects, Da Nang will apply specific criteria for strategic investors when participating in the Free Trade Zone.

Accordingly, investors must commit in writing to comply with obligations and responsibilities, train human resources, meet national defense, security, environmental protection requirements, and meet one of the conditions on charter capital and experience for projects in FTZ as follows:

High-tech projects, innovation (AI, semiconductor chips, semiconductor integrated Circuits, biotechnology, automation, new materials, clean energy, R&D associated with training) according to Clause 1a, Article 12: Charter capital from VND500 billion or more, similar project experience from VND1,000 billion or more.

Semiconductor integrated circuit industrial projects, flexible electronics, new technology batteries, new materials, defense industry, portfolio and high-tech products according to Clause 1b, Article 12: Charter capital from VND 1,000 billion or more, similar project experience from VND 2,000 billion or more.

Project to build and operate infrastructure for functional areas under FTZ (Trade - Service Area, Logistics Center associated with Lien Chieu Seaport, Production Area) according to Clause 1c, Article 12: Charter capital from VND 1,000 billion or more, similar project experience from VND 2,000 billion or more.

Obligations of strategic investors:

Implement the project according to the investment approval decision.

Disbursement of investment capital: Investment projects specified in Clauses 1a, 1b and 1c, Article 12 of Resolution 136/2024/QH15 must disburse investment capital within 5 years from the date of issuance of the decision approving the investment policy or the decision approving the investor or the investment registration certificate.

During this time, strategic investors are not allowed to transfer projects.

Limit project transfers: No project transfers within the prescribed disbursement period.

Local support: Investors support vocational training funding for affected workers, prioritize receiving local workers, commit to applying and transferring advanced technology.

Thu Giang
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