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Da Nang city attracts 23 investment projects in eight months
Central coastal Da Nang city attracted 23 new investment projects totalling US$986.5 million in the first eight months of the year.
Of the amount, more than US$614 million came from 18 foreign direct investment projects. British Virgin Islands was the largest investor with two projects capitalised at US$330 million.
Most of the newly-licensed projects involve real estate business and manufacturing electronic components and headphones.
Da Nang city has so far had 90 FDI projects, worth almost US$1.2 billion in total. The FDI businesses account for one-fourth of the city’s total export revenues and between eight to 10% of the city’s budget collection. They play a major role in the city’s industry, tourism-service and seafood processing sectors.
To promote investment, Da Nang will continue to improve its infrastructural facilities, simplify administrative procedures, offer preferential investment policies, and settle remaining hindrances to investors through regular dialogues.
ND
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