A view of Da Nang city (Photo: VNA) Da Nang (VNA) – Thecentral city of Da Nang posted a year-on-year growth of 0.89 percent in its GrossRegional Domestic Product (GRDP) in the first quarter of 2022.
The locality recorded increases of 2.6 percent, 1.96 percent, and 0.80 percent inits agro-forestry-aquaculture, industry-construction, and services,respectively, in the reviewed period.
According to Director of the municipal Department of Statistics Tran Van Vu, DaNang has witnessed positive economic recovery after the ease of COVID-19 restrictionsto achieve the goals of “Safe and flexible adaptation to and effective control of the COVID-19 pandemic” and socio-economic development.
The municipal authorities are taking all-out efforts and deploying a series of measures to support businesses, especially those operatingin the spheres of processing, manufacturing, construction, logistics and accommodationservices, Vu said.
Attention has been also paid to promoting investment attraction and speeding upthe disbursement of public investment and the progress of key projects, headded.
The growth rate in Q1 is consideredthe initial achievement of a new phase, which creates momentum for economicgrowth in the next quarters and the whole year, he noted.
According to the department, the economic size of Da Nang in January- March was estimated at 26.76 trillion VND (over 1.17billion USD), 830 billion VND higher than that of the same period last year, ofwhich the added value of the service and industry-construction sectors roseby over 481 billion VND and 303 billion VND year-on-year.
Regarding the structure of the economy in the reviewed period, the agro-forestry-aquaculture,industry-construction, service and tax sectors respectively accounted for 1.75percent, 20.12 percent, 67.13 percent, and 11 percent.
From January 15 to March 15, the municipal authorities granted new businessregistration certificates to 876 enterprises with a total registered capital of 6.66trillion VND, up 12.9 percent in the number of enterprises and 10.7 percent in thecapital compared to the same period last year.
As many as 1,071 enterprises resumed operation, a year on year increase of 62.5 percent. Meanwhile, the number ofenterprises leaving the market tends to decrease, with only 145 firms completing dissolution procedures in the period.
As of March 20, theState budget revenue hit over 5.79 trillion VND, up 5.8 percent,the department said. The total State budget expenditure reached 6.8 billionVND, equaling 79.4 percent over the same period in 2021.
In the coming time, the localitywill focus on solutions to effective restore tourism activities through tourismstimulus programmes, and paying special heed to training human resources servingtourism.
It is rolling out measures to attract moreMICE (meeting, incentives, conferences and events) tourists, given the positivesigns on the recovery of the tourism sector this year.
2021 was the first year that the city pilotedsupport policies to attract MICE groups, 10 of which with about 4,000 guestsreceived assistance from the centre between March 15 and April 30 and inDecember last year.
The implementation of the policy will help recovertourism, one of the city’s spearhead economic sectors, and realise theGovernment’s dual goals in line with safe and flexible adaptation to andeffective control of COVID-19.
The central city will host the Asian route development forum 2020(Routes Asia 2022) on June 4-9 with programmes and activities connectingthe air transport industry and flight networks in the Asia-Pacific region.
The forum is expected to open up great opportunities for the aviation industryin general and the tourism industry in Da Nang in particular, contributing tore-opening and developing international routes, attracting investment andtourism to the central coastal city.
By hostingthe event, Da Nang continues to affirm its position as Asia's leading event andfestival destination, a hub for aviation and tourism development in Vietnam andthe region./.
