Business

Da Nang: Infrastructure development important to attract investment

Completing its infrastructure network has been billed as an important measure for the central coastal city of Da Nang to lure more investment in 2021.
Da Nang: Infrastructure development important to attract investment ảnh 1An aerial view of Da Nang city (Photo: VNA)

Da Nang (VNA) - Completing its infrastructure network has been billedas an important measure for the central coastal city of Da Nang to lure moreinvestment in 2021.

According to Report No 362/BC-UBND issued recently by the municipal People’sCommittee, the city sees investment attraction as a key mission to recover thelocal economy during the year.

Specific measures are outlined in the report, including the effective use ofland funds, improvements to infrastructure quality at the expanded Hoa Khanh IndustrialPark and the Hoa Cam and Lien Chieu Industrial Parks, as well as the implementationof a project to attract businesses at the Da Nang Industrial Park.

Relevant departments and sectors are responsible for removing bottlenecks toensure the Da Nang hi-tech zone project is carried out in a timely manner.

Da Nang city will strive to complete procedures this year to select investorsfor the second phase of the Hoa Cam, Hoa Nhon, and Hoa Ninh Industrial Parks. Itwill also work to complete site clearance and compensation at the Hoa KhanhNam, Hoa Hiep Bac, and Hoa Nhon industrial clusters, and complete detailedplanning for a hi-tech agricultural zone in Hoa Phu and Hoa Khuong communes.

The city will also ramp up efforts to put a second software park into operationsoon to attract investments and create 6,000 IT and digital jobs.

Vice Chairman of the municipal People’s Committee Ho Ky Minh said the city prioritisesinvestments in the fields of IT, support industries, and high-quality services,particularly in trade, tourism, logistics, healthcare and education, andhi-tech agriculture.

According to figures, Da Nang city attracted over 16.8 trillion VND (726.24million USD) in domestic investment last year and 273.27 million USD in FDI./.
VNA
#Da Nang #infrastructure development #Hoa Khanh Industrial Park #Da Nang Industrial Park #support industries #hi-tech agriculture #Da Nang hi-tech zone #updated Vietnam news #Vietnamplus #Vietnam News Agency Da Nang
Follow VietnamPlus

Related News

Da Nang looking to fuel economic growth

Da Nang looking to fuel economic growth

Uniform measures should be put in place in central Da Nang city to recover from consequences of natural disasters and disease and promote economic recovery, Chairman of the municipal People’s Council Nguyen Nho Trung said on December 7.
Da Nang urged to improve investment environment

Da Nang urged to improve investment environment

Despite attracting 341 investment projects with 847.3 million USD in 2018-2020, Da Nang City has to cope with poor development of supportive industries and the skilled labour force for high-tech industries in its efforts to build the city into an investment hub in central Vietnam.
Da Nang resumes night activities on Han River

Da Nang resumes night activities on Han River

The central city of Da Nang offered 2,000 tickets free of charge on the first two days of the year for locals and tourists to take part in a travel tour held in the city’s iconic Han River at night.

See more

WB Senior Environmental Specialist and Task Team Leader Stephen Ling speaks at the working session (Photo; VNA)

Ca Mau, WB cooperate in sustainable fisheries development

Scheduled to run from 2026 to 2029, the project aims to develop the local fisheries sector and deepen global integration, while adapting to climate change and protecting the environment through infrastructure upgrades, technological innovation, and better management and production capacity.

Vice President of the Vietnamese National Assembly Nguyen Hong Dien speaks at the forum. (Photo: Vietnam Trade Promotion Agency)

Tanzanian businesses seek greater cooperation, investment opportunities with Vietnam

Attending the forum during his working visit to Tanzania, Vice President of the National Assembly Nguyen Hong Dien said the two economies were highly complementary. Tanzania has strengths in natural resources, agriculture, energy, its domestic market and its strategic position in East Africa, while Vietnam has advantages in manufacturing and processing, high-tech agriculture, electronics, telecommunications and international trade.

The automatic ticketing system that uses electronic identification, authentication, biometric recognition and cashless payment for passengers on the Cat Linh-Ha Dong railway line in Hanoi. (Photo: VNA)

Cashless payments open gateway to financial inclusion

Cashless payments continued to grow rapidly in the first eight months of 2026. The number and value of cashless transactions rose 34.56% and 13.26% year-on-year, respectively, while online transactions increased 46.57% in number and 21.77% in value.

Ho Chi Minh City attracts more than 17.8 billion USD in FDI in the first nine months of 2026 (Illustrative image. Photo: VNA)

Ho Chi Minh City offers new destinations for FDI flows

The merger of Ho Chi Minh City with Binh Duong and Ba Ria-Vung Tau has opened up a larger development space, enabling the city to reshape its approach to attracting foreign investment. In particular, Resolution No. 10-NQ/TW of the Politburo sets out clear orientations for developing the foreign-invested economic sector, providing a basis for shifting the focus from the amount of investment capital to the quality of investment.

Vietnam exports about 1.4 million tonnes of coffee worth 6.54 billion USD in the first nine months of 2026. (Photo: VNA)

Vietnam seeks to boost value, expand markets for coffee sector

Acording to VICOFA, Vietnam needs to focus on exporting green coffee beans that meet EUDR criteria, particularly as compliance levels among some other producing countries remain low. At the same time, it should develop specialty and organic coffee lines as well as deeply processed products to serve the premium segment in Europe.

Part of Khanh Hoa province in central Vietnam (Photo: VNA)

Malaysian economist upbeat about Vietnam’s growth outlook

Among ASEAN’s “Fabulous Five”, namely Vietnam, Malaysia, Indonesia, Thailand and the Philippines, Vietnam demonstrates how industrial depth and effective investment can underpin rapid growth, Shan Saeed said, noting strong investment momentum.

Automobile production at the Honda Vietnam factory in Vinh Phuc ward, Phu Tho (Photo: VNA)

Vietnam’s auto market accelerates amid growing electrification trend

According to data released by PwC in late September, total vehicle sales across the six ASEAN-6 markets, namely Vietnam, Indonesia, Thailand, Malaysia, the Philippines and Singapore, reached about 1.755 million units in the first half of 2026, up 11% year on year. Vietnam recorded the highest sales growth in the group at 31.1%, followed by Indonesia at 15.9% and Thailand at 15.1%.

The headquarters of the Vietnam International Financial Centre in Da Nang (Photo: VNA))

VIFC-DN gradually establishes position on global financial centre map

According to Dang Dinh Duc, Standing Vice Chairman of the VIFC-DN Executive Agency, the ranking marks an important milestone, reflecting the foundations that VIFC-DN and Da Nang authorities are gradually building to connect with international capital flows, institutions and markets.

Quy Nhon Port, located in Quy Nhon Bay of Gia Lai province, offers highly favourable conditions for vessel anchoring and cargo handling throughout the year. (Photo: VNA)

Vietnam Logistics Forum 2026 to be held in early November

The Vietnam Logistics Forum 2026 will take place on November 6-7 in Gia Lai province, bringing together management agencies, local authorities, associations, experts and businesses to identify opportunities and challenges and discuss logistics development solutions suited to the new period.

VCCI Chairman Ho Sy Hung speaks at the Vietnam Corporate Sustainability Forum (VCSF) 2026 in Hanoi on October 5, 2026. (Photo: VNA)

Vietnam’s corporate sustainability forum calls for new growth paradigm

Breakthrough growth and sustainable development should be pursued as a shared journey in which the State creates an enabling environment, localities support businesses, enterprises take the pioneering role, science and technology provide momentum, and society as a whole participates.