Home Economy

Da Nang property swallows FDI

Sep 15th at 10:20
15-09-2012 10:20:42+07:00

Da Nang property swallows FDI

About 70 per cent of foreign direct investment (FDI) in central Da Nang City has been spent on real estate projects, the city's Planning and Investment Department has reported.

The city has attracted 218 FDI projects with a capital of US$3.45 billion. $2.1 billion of this sum was invested in real estate.

Since early this year, 165 of Da Nang's FDI enterprises have created over 38,000 jobs with an average monthly income of VND2.8 million ($133). Da Nang's administration has asked the Ministry of Planning and Investment to call for funding from the Asia Development Bank so that construction may begin on the 1,100km East-West Economic Corridor No 2 that will link Da Nang port with Quang Nam province, Boloven in Laos and Bangkok, Thailand.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Trade with Americas hits $18bn this year
ECONOMY Sep 14th at 13:43

Trade with Americas hits $18bn this year

Two-way trade between Viet Nam and countries in the Americas exceeded US$18 billion during the first seven months of this year, up 19 per cent against the same...

In hard times, westerners go working for Vietnamese bosses
ECONOMY Sep 13th at 12:51

In hard times, westerners go working for Vietnamese bosses

Vietnam proves to be an ideal labor market for foreigners, which needs foreign management technology and ready to pay high to foreign qualified personnel.

ASEAN competition conference opens
ECONOMY Sep 13th at 12:38

ASEAN competition conference opens

A conference on competition organised by the ASEAN Economic Co-operation Work Programme and Viet Nam's Competition Authority opens in HCM City today.

Laborers rush to claim unemployment status, keep indifferent to apprenticeship
ECONOMY Sep 12th at 12:56

Laborers rush to claim unemployment status, keep indifferent to apprenticeship

Unemployed workers want to register their unemployment at state management agencies just to get unemployment allowances, while they do not intend to attend free...

New law limits advertising
ECONOMY Sep 12th at 12:48

New law limits advertising

The new Law on Advertising, passed by the National Assembly last June, takes effect on January 1, replacing the 2001 Ordinance on Advertising and subsequent...

Central province calls for Japanese investment
ECONOMY Sep 12th at 12:42

Central province calls for Japanese investment

A delegation from the central province of Binh Dinh will travel to Japan next week to call for investment from the country, according to the provincial People's...

State may aid small firms
ECONOMY Sep 11th at 12:27

State may aid small firms

The Ministry of Industry and Trade has proposed that the State Bank of Viet Nam guarantee credit to small-and medium-d enterprises (SMEs) as well as potential...

Inflation to increase sharply towards the year end
ECONOMY Sep 10th at 12:42

Inflation to increase sharply towards the year end

The national economy has been growing well and expected to prosper in 2013. However, this economic growth may lead to the high inflation by the end of the year...

Inflation lurks in the shadows
ECONOMY Sep 10th at 12:39

Inflation lurks in the shadows

Vietnam Institute of Economics director Tran Dinh Thien expresses concerns about the possible return of inflation when long-term radical measures to restructure the...

Stability must be a focus
ECONOMY Sep 10th at 12:37

Stability must be a focus

Dr. Vo Tri Thanh, vice director of the Central Institute for Economic Management, spoke to the Saigon Times Daily on the country’s economic situation from now to...

Read More

MOST READ

Back To Top