EU ambassadors study investment climate in Da Nang city

Vice Chairman of the Da Nang city People’s Committee Tran Chi Cuong on April 11 hosted a reception for ambassadors of the European Union (EU)’s member states who came to study the investment climate in the locality.
EU ambassadors study investment climate in Da Nang city ảnh 1Ambassadors of the European Union (EU)’s member states study the investment climate in Da Nang city. (Photo: VNA)
Da Nang (VNA) – Vice Chairman ofthe Da Nang city People’s Committee Tran Chi Cuong on April 11 hosted areception for ambassadors of the European Union (EU)’s member states who cameto study the investment climate in the locality.

Briefing them on Da Nang’s development potential, Cuong said that the city is thegrowth nucleus of the country’s central key economic region, with such majorindustrial products as seafood, garment and textile, shoes, buildingmaterials, and handicraft.

Hi-tech industry, particularly IT, is being developed into an economic spearhead,he said, adding the city is shifting the economy towards service and industry while reducing agriculture.

According to Cuong, the city has set up cooperative ties with 48 localities of22 countries and territories, signed 104 agreements and organised importantdiplomatic and economic activities.

Da Nang is eyeing to turn itself into a socio-economic hub of the country andSoutheast Asia by 2030, and a large and smart eco urban area, a centre forinnovation, and startup and a livable coastal city in Asia by 2045. The city haspaid due attention to developing high-quality tourism and services in tandemwith resort property, seaport and airport with logistics service, hi-techindustry with creative urban area construction and startup, IT, electronics andtelecommunications with digital economy, and hi-tech agriculture.

Cuong expressed his hope that the ambassadors will help popularise Da Nang’sinvestment environment and cooperation opportunities in education-training,startup and innovation, IT, hi-tech agriculture and fishery, tourism, and portdevelopment, while supporting cultural exchange activities, among others.

EU Ambassador Julien Guerrier held that Da Nang, which has emerged as a centrefor IT, innovation and semiconductor training in Vietnam, boasts an attractiveinvestment environment.

Seeing Vietnam as a leading partner of the EU in Southeast Asia, EU member stateshave cooperated with and supported Vietnam in the areas of transport, renewable energy,health care and culture, he said, adding they are interested in working with DaNang to boost semiconductor industry, green transition and education.

He said he hopes that Da Nang city will create favourable conditions forinvestors from the EU, and the representatives of EU states will popularise DaNang’s potential and investment climate among enterprises.

Last year, Da Nang exported some 283 million USD worth of products to the EU,and imported 140 million USD from the bloc.
During 2020-2023, non-governmentalorganisations of the EU countries committed to funding over 26 billion VND (over1 million USD) for 37 programmes and projects in the Vietnamese locality./.
VNA

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