According to Dang Viet Dung, head of the Standing Committee of Da Nang City Communist Party, Da Nang determined that it would take the city difficult to improve the size of the economy and become the leading of the central and Highlands regions if it does not promote investment attraction to enhance the growth.

“There are a lot of different opinions, but after scrutinizing, the committee agreed to select the theme for 2018 as ‘The year for investment attraction’,” Dung emphasized.

With the theme, the city will study more measures to better attract investment, he said.

The city targets gross regional domestic product (GRDP) rate to rise 9-10 percent next year while the production value of services, and industry-construction sectors increases 8.8-9.8 percent and 8-9 percent, respectively.

The city’s export turnover is planned at 12-13 percent next year and total budget revenue will increase at least 5 percent. Job creation will increase 4.04 percent while the proportion of the poor will reduce to 1.25 percent.

According to Dung, Da Nang is estimated to meet most of the socio-economic targets in 2017. Accordingly, GRDP is estimated to rise by 9 percent to VND58.59 trillion. Services continuously gain significant growth rate of 8.1 percent to VND54.45 trillion. Budget revenue also reaches nearly VND23.38 trillion, equal to 111.9 percent of estimates.

Da Nang last month also hosted the 2017 APEC Economic Leaders’ Week successfully, which has been considered a golden opportunity for the city to promote its images and opportunities in investments, commercial and tourism and to have more international cooperation – a motive force for Da Nang to develop in the future.

To make good use of the opportunity, in the middle of October 2017, before the APEC Economic Leaders’ Week, the municipal People’s Committee held the Da Nang Investment Forum 2017 with the participation of over 1,000 delegates from ministries, sectors, local authorities and international trade and commercial promotion organizations, and both local and foreign investors.

In the forum, the city’s leaders confirmed Da Nang wished to introduce to local and foreign business communities investment opportunities and particular investment policies.

It called for investments in 68 projects of all sizes. Remarkably, 3 infrastructure development projects includes Lien Chieu ports with total investment capital of VND7.3 trillion, the project of relocating the train station with planned capital of VND15.4 trillion and the project of Hoa Nhon- Hoa Ninh Industrial Park.

Ho Ky Minh, Deputy Chairman of  the municipal People’s Committee said there have been 7 local and foreign investors paying attention to Lien Chieu Port project and 3 others paying attention to the project of relocating the train station. 

Source: http://hanoitimes.com.vn/investment/news/2017/12/81E0BC92/da-nang-focuses-on-promoting-investment-attraction-in-2018/