Da Nang city prioritises high technology projects

The central city of Da Nang will continue to prioritise investment projects with advanced technologies and high added value in the future, said Huynh Lien Phuong, Director of the municipal Investment Promotion and Support Board.

Monday, April 22, 2019 21:36

Da Nang city prioritises high technology projects ảnh 1

Illustrative image (Source: VNA)

DaNang (VNA) – The central city of Da Nang will continue to prioritiseinvestment projects with advanced technologies and high added value in thefuture, said Huynh Lien Phuong, Director of the municipal Investment Promotionand Support Board.

Phuongsaid that the city will associate investment attraction with startupactivities, innovation, application of high technologies and development of an digitaleconomy, while strengthening connectivity between domestic and foreigninvestors, and optimising regional linkages.

Shenoted that by the end of March 2019, Da Nang has hosted 715 valid FDI projectswith total investment of over 3.35 billion USD, including seven projects in theHi-Tech Park with combined capital of 228.96 million USD.

Theprocessing-manufacturing industry has been the most attractive sector of thecity, luring about 1.44 billion USD, accounting for 43.13 percent of the totalinvestment, followed by real estate-tourism with about 1.23 billion USD, andeducation-training with about 174 million USD.

Leadinginvestors in the city include Japan with 868.29 million USD, Singapore with650.7 million USD, the US with 764.3 million USD, and the Republic of Koreawith 310.4 million USD.

Inthe first quarter of this year, Da Nang licenced 32 new projects worth 355.8 millionUSD, along with 114.2 million USD added to existing projects, said Phuong.

Phuongattributed the results to the city’s endeavours to choose suitable projects inprioritized sectors, thus enhancing the quality of FDI flow.

Meanwhile,Da Nang has worked hard on administrative reform. The city led the country inprovincial competitiveness index (PCI) in four consecutive years from 2013 to2016, and ranked second in 2017.

DaNang topped the country in public administrative reform index from 2012 to2016, and came fourth in 2017, while maintaining its top position in ICTdevelopment index in 10 consecutive years.-VNA

VNA

#Da Nang #advanced technologies #high added value #FDI projects #processing-manufacturing industry #real estate-tourism #PCI #ICT development index #Vietnam #Vietnam news #Vietnam News Agency Da Nang

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