At the business forum "Invest Da Nang 2017" (Photo: VNA)
Da Nang (VNA) – The central coastalcity of Da Nang is deploying a number of measures to increase investmentattraction in 2018.
According to Chairman of the municipal People’sCommittee Huynh Duc Tho, the city will build on achievements gained in 2017,particularly the successful organisation of the APEC Economic Leaders’ Week andDa Nang Investment Forum.
Local authorities pledged to create the optimalconditions for investors to carry out and put into operation tourism and resortprojects.
The city targets the creation of high addedvalue products, especially in the field of science and high technology.
The inspection and treatment of environmentallypolluted areas, including industrial parks, will be stepped up in the comingtime.
Preferential policies will be devised to lurelarge-scale industrial production investors and businesses in high-added valueand environmentally friendly fields.
The city will work to ensure labour safety,improve infrastructure, and ease traffic jams.
It will focus on finalising a master plan forsocio-economic development by 2035 with a vision toward 2050 and buildingprojects, mechanisms and policies to develop tourism and services.
As a driving force of the central region’s keyeconomic zone, Da Nang is leading in the development of infrastructure as wellas land, railway and airway connectivity for the central and Central Highlandregions.
In 2017, the gross regional domestic product (GRDP)recorded a year-on-year growth of 9 percent.
To date, industrial parks in the city haveattracted more than 400 investment projects, of which 100 are foreign investedones, creating jobs for over 74,000 labourers in the locality and vicinities.-VNA
The Government Inspectorate of Vietnam will begin inspection on the controversial Da Phuoc International Urban project, along with all investment and construction projects on the protected Son Tra Peninsula.
The central city of Da Nang has fined the Sao Vang Nha Trang Joint Stock Company, the owner of the Sapphire Hotel project, 320 million VND (14,000 USD) for not completing an environmental assessment plan before construction.
The Da Nang Port in the central coastal city of Da Nang handled its first tonne of cargo on the first day of 2018, part of the load on Liberia’s Lucky Merry cargo ship.
Data released by Airbnb recently puts two major cities of Vietnam – Hanoi and Da Nang – among the world’s top 10 intriguing travel destinations in 2018.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
At the business forum "Invest Da Nang 2017" (Photo: VNA) 
