Around US$1.5 billion planned to be poured into Da Nang

By Dang Hoa - Oct 16, 2017 | 04:05 PM GMT+7

TheLEADERWith modern infrastructure, comprehensive education system and abundant, young and skilled human resources, Da Nang has become one of the ideal investment destinations in Vietnam.

Around US$1.5 billion planned to be poured into Da Nang
The Invest Da Nang 2017 Forum (Photo:

This has been the largest forum held in Da Nang, showing the city’s determination in socio-economic development to become the motive urban center of Central Vietnam and the Central Highlands.

“Da Nang is always mentioned as a young, dynamic and clean city and also an ideal tourist destination in the Central Vietnam,” said Truong Quang Nghia, Party chief of Da Nang.

Da Nang has been voted to be the best investment environment in Vietnam by enterprises. It is the city having the most modern infrastructure in the Central Vietnam, the comprehensive education system and abundant, young and skilled human resources.

Da Nang is a dynamic city (Photo:

 At the Forum, leaders of Da Nang introduced key projects in such fields of in infrastructure, hi-tech agriculture, information technology, tourism, health, and education... that are in need of investments. They also proposed that the government should issue specific preferential policies in order to promote the breakthrough development of Da Nang.

Prime Minister Nguyen Xuan Phuc highly evaluated the potential of Da Nang in attracting investments. He highlighted that the city should gain a head start by taking a shortcut in order to boost its economy, benefiting the people and developing into such a strong city as Singapore.

PM Nguyen Xuan Phuc makes speech at the forum (photo:

The PM also said that the Forum held on the threshold of 2017 APEC Summit would be a chance for Da Nang to not only offer new investment opportunities to enterprises but also continue improving the business environment and building up an authority of integrity.

In order to attract more international strategic investors, Da Nang must constantly innovate its strategy and have a long-term vision. Besides, it is necessary for the city to connect with other nearby localities and learn from other developed cities in the world but still keeping its own identity.

At the forum, the Da Nang People’s committee handed over decisions on investment policy/ investment registration certificates/ investment cooperation agreements/ bank loan agreements to 27 projects worth VND35,293 billion (roughly US$1.556 billion).

According to the PM, this event showed the strong confidence of enterprises in Da Nang’s investment environment.