South Korean Dentium Invests $177 Million in Fuel Cell Factory in Da Nang
In a significant move to bolster green technology in Vietnam, South Korean company Dentium Co., Ltd. has secured a 50-year land lease for over 78,000 square meters at Da Nang High-Tech Park. The leased land is situated at Lot A25 in Hoa Vang District. The project, named ICT VINA III, represents Dentium's third investment in the park, bringing its total investment in Da Nang to $257 million. The first phase of the factory is expected to commence operations by the third quarter of 2028. VnEconomy
Project Overview
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Investor: Dentium Co., Ltd. (100% South Korean capital)
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Project Name: ICT VINA III Manufacturing Plant
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Location: Lot A25, Da Nang High-Tech Park, Hoa Vang District, Da Nang City
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Total Investment: $177 million (approximately VND 4,460 billion)
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Land Area: 78,026 m²
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Production Capacity:
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280 tons of fuel cell plates annually
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260 tons of artificial teeth annually
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Land Lease: 50 years, one-time payment
Strategic Significance
This investment underscores Da Nang's commitment to attracting high-tech and green energy projects. The ICT VINA III factory will not only enhance the city's industrial capacity but also contribute to the development of sustainable technologies in the region. Dentium's expansion aligns with the city's vision outlined in the "Da Nang High-Tech Park Development Master Plan to 2030."
Dentium's Role in Da Nang
Dentium's presence in Da Nang dates back to 2018 with the establishment of its first factory, ICT VINA. The company specializes in manufacturing high-tech medical equipment, including dental implants and fuel cell components. With the addition of ICT VINA III, Dentium aims to strengthen its position in the global market and contribute to the advancement of medical and green technologies in Vietnam. The Quantum Connect
This development marks a significant milestone in Da Nang's industrial landscape, highlighting the city's growing appeal as a destination for foreign direct investment in high-tech and sustainable industries.
