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Da Nang lures FDI
The central city of Da Nang, until the middle of this month, has attracted over 200 foreign direct investment projects worth well over US$3,16 billion (approximately VND64,5 trillion), according to the Investment Promotion Centre.
For the first two months of this year, Da Nang recorded two giant projects which include a 100 per cent Belgian capital project and a joint business project between a Vietnamese enterprise and a Vietnamese American company, at a total estimated cost of over US$9,2 million (VND193 billion).
The city has established six industrial zones with equipment and infrastructure appropriate for most economic sectors, which has helped Da Nang attract 330 foreign enterprises.
Most investors are from Japan and the European Union, amongst others, who plan to carry out long-term projects with clear and detailed strategies.
In other words, Da Nang's investment environment has changed significantly since the appearance of foreign direct investment projects that greatly helps economic sectors develop and boosts the globalising economic process in the area.
The foreign direct investment projects annually earn foreign businesses approximately VND3 trillion (US$143 million).
Additionally, the foreign direct investment projects contributes to an increase in the city's export turn-over throughout the year which marked just under US$1,8 billion(about VND38 trillion), triple the figure in 2000.
Last year, despite the financial depression, the export turn-over still satisfied the city's plans with an estimated US$1,4 billion (VND29,5 trillion).
In order to help foreign direct companies, the city is now concentrating on enhancing infrastructure and setting up more industrial zones as well as supporting them by solving problems related to procedures and investment certificates.
vietnamnews
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