Da Nang (VNA) – Da Nang has been ready in terms ofboth infrastructure system and human resources to host Canadian investors,stated an official of the central city.

Addressing an investment promotion seminar with theparticipation of Canadian investors in the city on March 26, Vice Chairman ofthe municipal People’s Committee Ho Ky Minh said that in 2018, Da Nang continuedbuilding its hi-tech park and completed the first phase of an IT park, whilecalling for investment in the software parks No. 2 and 3.

The city has designed preferential policies for investors, saidMinh, revealing that investment attraction is the city’s focus in 2019.

Along with building a dynamic city that is friendly toinvestors, the city will speed up the building of e-government and smart city,while expanding partnership with foreign localities, he said.

Minh called for cooperation of Canadian agencies andbusinesses, especially in areas of mutual interest such as education andtraining, sustainable investment, smart city and climate change response.

According to the official, as of March 3, Da Nang was hometo 704 foreign-invested projects with total investment of 3.55 billion USD. Thecity’s export revenues were estimated at 1.6 billion USD in 2018. Last year, DaNang welcomed 7.66 million visitors, including 2.87 million foreigners.

Da Nang has been among leading localities in provincialcompetitiveness index (PAPI) and the index of readiness for ICT application formany years, he added.

At the seminar, Canadian investors lauded the competitiveedges of Da Nang and incentives that the city offers to investors. Theyexpressed their interest in collaborating with the city in construction,hi-tech agriculture, education and tourism.

Bryon Wilfert, Chairman of Canada Trade Link, said that DaNang is a dynamically developing city with various preferential policies for investors.According to him, Canadian firms see good prospect for investment in areas prioritizedby the city, including hi-tech agriculture, food processing, education, andIT.-VNA