Danang Boosted the Attraction of Foreign Investment in 2019

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Danang is known as a tourist city in Vietnam, in many recent years, because of the improvement of investment policies to attract foreign investors in many areas of investment of the city, the city has many positive result on the economy and society in 2018.

The socio-economic situation of Danang City in 2018 continued to develop with 9 major economic indicators, all growing well, of which 6/9 targets were achieved and exceeded. Total production in the area are estimated to increase by 7.86% compared to 2017. Attracting domestic investment has achieved positive results, granted investment policy decisions for 6 domestic investment projects with total investment of VND 6,340.6 billion; new grant of business registration certificate increased 8.6% and increased 6.2% in capital; attracting foreign investment of 117 new projects with total capital of 153.6 million USD, increasing 2 times compared to 2017. The total development investment capital in the city is estimated at 39,000 billion, up 8.2% compared with 2017 (increased by 6-7%).

Accordingly, in 2019 Da Nang continued to review, adjust and promulgate mechanisms and policies to improve the investment environment, focus resources on infrastructure construction and create land for investment needs of enterprises, attracting reputable investors, with capability in the field of manufacturing and assembling products with high added value content.

In order to carry out the year to continue attracting investment, Da Nang aims to strongly attract big and strategic economic groups into 5 key areas to set up business in Da Nang: Tourism, high quality services; seaports and aviation associated with logistics services; high-tech industry; information technology industry associated with digital economy; High-tech, clean agriculture.

Da Nang continued to attract foreign investment from many different countries such as Korea, Japan, Singapore, the United States, … The promotion of investing in Da Nang in 2019 will help Danang become a developed city, creating the best conditions for domestic and foreign investors to make investments that bring high economic efficiency for investors and the socio-economic situation of the city.

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