Da Nang (VNA) - Completing its infrastructure network has been billedas an important measure for the central coastal city of Da Nang to lure moreinvestment in 2021.
According to Report No 362/BC-UBND issued recently by the municipal People’sCommittee, the city sees investment attraction as a key mission to recover thelocal economy during the year.
Specific measures are outlined in the report, including the effective use ofland funds, improvements to infrastructure quality at the expanded Hoa Khanh IndustrialPark and the Hoa Cam and Lien Chieu Industrial Parks, as well as the implementationof a project to attract businesses at the Da Nang Industrial Park.
Relevant departments and sectors are responsible for removing bottlenecks toensure the Da Nang hi-tech zone project is carried out in a timely manner.
Da Nang city will strive to complete procedures this year to select investorsfor the second phase of the Hoa Cam, Hoa Nhon, and Hoa Ninh Industrial Parks. Itwill also work to complete site clearance and compensation at the Hoa KhanhNam, Hoa Hiep Bac, and Hoa Nhon industrial clusters, and complete detailedplanning for a hi-tech agricultural zone in Hoa Phu and Hoa Khuong communes.
The city will also ramp up efforts to put a second software park into operationsoon to attract investments and create 6,000 IT and digital jobs.
Vice Chairman of the municipal People’s Committee Ho Ky Minh said the city prioritisesinvestments in the fields of IT, support industries, and high-quality services,particularly in trade, tourism, logistics, healthcare and education, andhi-tech agriculture.
According to figures, Da Nang city attracted over 16.8 trillion VND (726.24million USD) in domestic investment last year and 273.27 million USD in FDI./.
Uniform measures should be put in place in central Da Nang city to recover from consequences of natural disasters and disease and promote economic recovery, Chairman of the municipal People’s Council Nguyen Nho Trung said on December 7.
The central city of Da Nang has focused on recovering the pandemic-hit tourism to continue boosting the sector’s sustainable development, focusing on high-end services in association with resort real estate.
Construction of a 40-million USD sports equipment factory began on December 15 at the Hoa Khanh Industrial Park in the central city of Da Nang’s Lien Chieu district.
Despite attracting 341 investment projects with 847.3 million USD in 2018-2020, Da Nang City has to cope with poor development of supportive industries and the skilled labour force for high-tech industries in its efforts to build the city into an investment hub in central Vietnam.
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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.
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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.
An aerial view of Da Nang city (Photo: VNA) 
