The central city promises to create smooth conditions and top priorities for Singapore’s investors in the fields of high-tech, information technology, renewable energy and high quality education.
The ship-building industry is a high-tech investment field that calls for investment from foreign investors (Photo: VNA)
Da Nang (VNA) - The central city proꩵmises to create smooth conditions and top priorities for Singapore’s investors in the fields of high-tech, information technology, renewable energy and high quality education.
Deputy Chairman of the city’s People’s Committee Ho Ky Minh made the statement in a seminar on ‘Investment Opportunities in Da Nang’ in Singapore this week.
Minh said the city will make a strong commitment in building available infrastructure, administrative reforms, preferential treatment and skilled labour, for wooing investors from Singapore.
He said the city will boost transparency and publicity in offering preferential favours, labour cost and investment fee for investors.
Ricky Tan, CEO of Kinderworld Education Group, said Da Nang is a potential destination for foreign investors in Vietnam, and the group expected to expand investment in Da Nang in the coming year.
The group, the biggest Singaporean investor in the education and training sector in Vietnam, has invested 40 million USD in the construction and operation of 15 training facilities in Hanoi, Da Nang, HCM City and Binh Dương.
It established the Pegasus International UniCollege (PIU) in Da Nang in 2014, along with its KinderWorld International Kindergarten (KIK) and the Singapore International School (SIS) to provide a world class educational system from pre-school to university levels in the city.
Head of the representative office of the Bank for Foreign Trade of Vietnam (Vietcombank) in the city, Vu Thi Bich Thu, confirmed that the bank in cooperation with Da Nang city is looking to create favourable financial support for Singaporean investors launching investment projects in Da Nang.
According to the city’s investment promotion centre, Singapore has been the biggest investor in Da Nang with 22 projects worth 782 million USD.
Da Nang has attracted 410 foreign direct investment (FDI) projects with total 3.7 billion USD.
Businesses of foreign-invested projects earned a revenue of 766 million USD in 2015, of which 522 million USD was export turnover, creating over 48,000 jobs.
Last year, the city also organised investment promotion events in Japan and Germany.
As scheduled, the city, in cooperation with Vietnamese Businesses Union in Europe, will host a Europe Business Forum this August.-VNA
The Empire Group has recently broken ground on the Cocobay tourism and entertainment complex in Ngu Hanh Son district in the central coastal city of Da Nang.
Da Nang city has asked the Ministry of Transport to allocate funds for key transport infrastructure projects – Lien Chieu Port and the East-West Economic Corridor No 2 (EWEC2).
The central city of Da Nang will be developed as one of the six fishing centres across the country, as part of the Master plan on fisheries development to 2020 with a vision towards 2030.
A number of Singaporean firms have expressed their keen interest in investing in high technology in the central city of Da Nang – one of Vietnam’s most vibrant localities.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
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.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
The ship-building industry is a high-tech investment field that calls for investment from foreign investors (Photo: VNA)
