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.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
At the business forum "Invest Da Nang 2017" (Photo: VNA) 
