Danang seeks further investment
Danang seeks further investment
Danang City is aggressively pursuing investment attraction in 2020, focusing on hi-tech, information technology and smart industrial parks.
The city intends to expedite the deployment of a master plan to develop the city by 2030, with a vision toward 2045, enhancing its focus on land auctions for projects in the health, education and service fields in the first quarter of 2020.
Chief of the Office of the municipal Department of Planning and Investment Tran Van Hoang told VietnamPlus that as of late November, the department had consulted with the municipal government on the licensing of nine projects worth over VND8.8 trillion, a slight increase over the year-ago figure.
Some newly licensed projects include the building of infrastructure for the Thuy Tu Tourism Urban Area, a low-rise office building and ecological villa park complex, Tuyen Son service and housing, Danang Silk Tower 1 and a high-end coastal tourism resort with villas.
Danang City has attracted over US$689 million in foreign investment year-to-date, with 130 newly licensed projects with total registered capital of US$438 million and 16 operational projects raising US$117 million.
The city has seen 208 foreign investors contribute capital and acquire shares with a combined value of US$133.3 million, almost quadrupling the year-ago figure.
As of November, the city was home to 812 foreign direct investment projects with total registered capital of US$3.47 billion.
In 2019, the city authorities stepped up efforts to improve the investment and business environment to create more favorable conditions for investors in the city. Also, the city’s leaders have removed obstacles hindering investors.
