The secret of Da Nang’s success

The central city of Da Nang continues to top the Provincial Competitiveness Index (PCI) for the fourth consecutive year.
The secret of Da Nang’s success ảnh 1View of a corner of Da Nang (Source: VNA)
DaNang (VNA) - The central city of Da Nang continues to top theProvincial Competitiveness Index (PCI) for the fourth consecutive year.

However,the secretary of the city’s Party Committee, Nguyen Xuan Anh, is still notsatisfied. Local media talk to him about the city’s efforts to reformadministrative procedures to provide a favourable business environment for investors.

Q:Could you share your experience in helping Da Nang stay on the top of the 2016PCI?

A:Da Nang has facilitated business operation in the city not only because of thetop position. We are always thinking how to create the most favourableconditions for business. We are deeply aware that the success of businesses isthe city’s success.

The2016 index recognises the efforts by the business community and professionalagencies. It is an honour and pride for the city. However, we will have tocontinue to strive for the business community whether we are on top or not.

Q:Da Nang has topped the index for four consecutive years. What’s left to reform?

A:On the 100-point scale, Da Nang reached 70. So we still have 30 points to gobefore really reaching the top. We are not satisfied with the results. Also,taking the lead position does not mean holding it forever. We still have manyareas for further improvement.

Wehave targeted the enhancement of support services and administrative capacityfor business. These are areas in which we have not had high scores.

Wewant to treat all investors in the most equal and transparent way. In addition,we want to further improve all administrative procedures relating to taxes,lands and licences.

Q:Many people think Da Nang will maintain its top ranking? What do you think?

A:In PCI history, Da Nang had been in the 12th and fifth positions. I think wecould lose our competitive edge. Other localities might also spare no efforts.If we do not move forward, we could move backward.

Q:The Chairman of the Vietnam Chamber of Commerce and Industry, Vu Tien Loc, hassaid local-level leaders seem to lack a spirit of administrative reform. How doyou assess the situation in Da Nang?

A:I think the implementation of national leaders’ guidelines at local levels isextremely important. Da Nang authorities at all levels know that providing themost favourable conditions for businesses is our task.

ThePrime Minister asked the city to have 40,000 to 50,000 firms by the year of2020. We now have 19,000 companies. We will have to try hard to reach the settargets.

Q:Does Da Nang pay attention to environmental factors in attracting foreigninvestment?

A:We have placed environmental factors as a top priority. Da Nang will not tradea clean environment for the sake of foreign investment. Sectors negativeaffecting the environment will not be welcomed in Da Nang. All investors arewelcome if they follow laws and regulations.-VNA
VNA

See more

Industrial production surges in the first two months of 2026. (Photo: VNA)

Industrial production posts strong growth in first two months

According to the National Statistics Office (NSO) under the Ministry of Finance, the index of industrial production (IIP) in February was estimated to decrease 18.4% from the previous month but increase 1% year on year. Overall, in the January–February period, the IIP rose 10.4% compared with the same period last year.

A delegation from the Nghe An provincial People’s Committee inspects production and business activities at the VSIP Nghe An Industrial, Urban and Service Park. (Photo:nhandan.vn)

Nghe An steps up reforms to attract FDI

In 2025, the provincial People’s Committee licensed 25 new FDI projects and approved capital adjustments for 20 others, bringing the total newly registered and additional investment to more than 1 billion USD. Many large-scale projects in the Southeast Nghe An Economic Zone have already become operational, contributing to export growth, state budget revenues and job creation.

Nearly 35,500 enterprises are newly registered nationwide, with total registered capital reaching nearly 313.7 trillion VND and more than 167,500 registered workers. (Photo: VNA)

Nearly 35,500 new businesses set up in first two months

The enterprises registered combined capital of about 313.7 trillion VND and more than 167,500 employees. Compared with the same period last year, the number of new businesses surged by 70.7%, while registered capital rose by 36.1% and registered labour increased by 19.1%.

The yarn factory of Unitex Textile and Dyeing Company Limited applies new technology to optimise operations using an automated model. (Photo: VNA)

Resolution 68: International lessons for private sector development

A common feature in many successful economies is a fundamental shift in the perception of private enterprises. In countries such as Singapore, Germany, Republic of Korea (RoK) and China, private firms are viewed not mainly as entities requiring strict control but as development partners and key forces generating growth, jobs and innovation.

The production line of Regza Electronics Vietnam Co., Ltd. located in Dong Nai province. (Photo: VNA)

Vietnam’s overseas investment rises 2.3-fold in first two months

During the period, 36 new overseas projects were granted investment certificates with total registered capital from Vietnamese investors reaching 532.4 million USD, up 2.3 times compared to the same period last year. In addition, three projects adjusted their capital with an additional 7.8 million USD, 1.5 times higher than a year earlier.

Workers of PTSC Thanh Hoa check the system for crude oil imports. Vietnam saw strong increase in fuel imports in the first two months of this year. (Photo" VNA)

Vietnam records strong increase in fuel imports in two months

Statistics of Vietnam Customs showed that Vietnam spent more than 1.44 billion USD importing 2.18 million tonnes of petroleum products in the first two months of this year, representing a sharp increase of 31.4% and 43%, respectively, over the same period last year.

Prime Minister Pham Minh Chinh visits a macadamia cultivation model in Huoi Tao B village, Pu Nhi commune, Dien Bien province on March 8. (Photo: VNA)

PM requests boosting agricultural development in Northwestern region

PM Chinh encouraged local residents to explore additional crops and livestock suitable for intercropping in order to maximise land use efficiency. Farmers were also urged to strengthen cooperation with one another and with businesses by joining cooperatives, consolidating land resources and working together to expand production and improve incomes.

Farmers in the Mekong Delta province of An Giang harvest rice grown under the project 'Sustainable Development of One Million Hectares of High-Quality, Low-Emission Rice Associated with Green Growth in the Mekong Delta by 2030.' (Photo: VNA)

Promoting high-quality rice exports amid mounting challenges

According to the Ministry of Agriculture and Environment (MAE), an estimated 600,000 tonnes of rice worth 370 million USD was exported in January, up 12.4% in volume and 16.9% in value year-on-year. The average export price reached 616.6 USD per tonne, up 4%.