Da Nang (VNA) – The central city of Da Nang has witnessed a strong post-pandemic rebound across various fields, especially in tourism and investment.
According to the municipal Department of Statistics, total revenue from accommodation and catering services in the city in the first eight months of 2022 reached an estimated 11.85 trillion VND (503.7 million USD), up 56.1 percent year-on-year.
Da Nang welcomed nearly 2.4 million visitors in the period, including 221,000 foreigners, up 125.7% and 144.9%, respectively, compared to the same period last year. It raked in over 1.2 trillion VND from tourism activities, up 483.9% year-on-year.
Municipal authorities have organised a wide range of cultural and sporting activities to promote tourism and attract visitors.
In late June this year, Da Nang hosted an investment forum for 600 delegates including managers, researchers, investors and businesspeople at home and abroad.
The city is calling for investment in seven key projects, including Lien Chieu Port; a complex of financial, commercial and entertainment centres; Da Nang Creative Space; and an international nursing home.
According to Secretary of the municipal Party Committee Nguyen Van Quang, Da Nang has prepared all necessary conditions in terms of infrastructure to welcome investment inflows.
Municipal authorities have focused on preparing funds; building infrastructure in industrial zones and clusters; improving transport infrastructure; and accelerating the improvement of the business and investment environment, along with administrative reforms, he said./.
An international conference and an exhibition are underway in the central city of Da Nang with a focus on waste treatment and environmental technology and solutions towards sustainable urban development in Vietnam.
Da Nang always welcomes US enterprises to invest in the city, especially in hi-tech, Secretary of the municipal Party Committee Nguyen Van Quang has said.
In the open period of 2022, the central city of Da Nang is recovering by focusing more on branded tourist real estate projects. Moreover, Da Nang continues to develop smart urban areas with the ambition to put the city into the map of a high-class living and resort urban area.
The central city of Da Nang’s economy has continued to grow in the post-COVID-19 period, affirming its position as a leading tourist destination and an attractive investment environment.
A delegation of Da Nang city led by Vice Secretary of its Party Committee and Chairman of the People’s Council Luong Nguyen Minh Triet paid a working visit to the United Kingdom (UK) from September 6-8, with the aim to promote cooperation with partners and businesses in the fields of tourism, investment, finance, education and health.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
A view of the downtown Da Nang city (Photo: VNA) 
