Da Nang revives FDI inflow

The central beach city of Da Nang is taking measures to revive the foreign direct investment (FDI) flow with a view to attracting 7 billion USD in this capital by 2030.

In the first two months of this year, Da Nang licenced 16 new FDI projects with a total registered capital of 2.55 million USD, a decrease of 53.6% in value year-on-year.

To date, the city has lured 965 FDI projects with a total registered capital of over 4.065 billion USD, mostly in industry and real estate.

Da Nang will focus on completing infrastructure projects in the development of high-tech industry, information technology and logistics. It is accelerating the completion and upgrading the technical infrastructure of industrial zones and expanding the hi-tech park.

The city is preparing a land fund for industrial development, supporting industries, high technology, and information technology to welcome capital flows shifted to Vietnam. It will also focus on developing high-quality human resources while removing difficulties and obstacles to create the best conditions for investors in the locality.

Da Nang aims to attract 7 billion USD of FDI by 2030./.