DANANG – The Danang Hi-Tech Park and Industrial Zones Authority (DHPIZA) has approved a stem-cell research and storage center project invested by Asia High Technology JSC.

The US$20-million project will be put into service in the second quarter of 2024, said Pham Truong Son, head of the authority. The facility, which will cover one hectare of land at the Danang Hi-Tech Park, will be the first of its kind in the city, Son said, adding that the project resulted from a combination of domestic investment and technology transfer from foreign partners. The stem-cell research and storage center is aimed at studying bone marrow and umbilical cord stem cells, developing technologies in medical biotechnology, conducting research on stem-cell therapies and training manpower in cell and molecular biology. Since the beginning of the year, DHPIZA has given the green light to 17 projects, including three foreign-invested projects with total pledged capital of US$65 million. Until now, the city’s hi-tech and industrial zones have attracted 513 projects, including 383 domestic ones with total pledged investment capital of VND29.7 trillion and 130 foreign-invested projects with total costs of some US$2 billion.