In July 2015, when the city decided to revoke the project certificate, Trung Nam Land JSC (Trung Nam) expressed interest in paying DITP’s debts to the city to take over the project in partnership with Trung Nam Construction & Engineering Corporation (Trung Nam E&C). Da Nang Silicon Valley project stays in limboIn spite of being taken over by the domestic investor after the withdrawal of its foreign investors, the fate of $278-million Da Nang Information Technology Park (IT park) remains uncertain. The project would have followed the model of the Silicon Valley in the US and Hshinchu Science Park in Taiwan. However, in early 2016, Trung Nam E&C and Trung Nam Land started to implement the construction of the technical infrastructure without receiving the comments of the Danang People’s Council. The two investors established Danang Information Technology Park Development Co., Ltd. (DITP) to develop the project.

Source: VietNamNet News July 26, 2016 07:52 UTC