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Da Nang working hard to accelerate post-pandemic economic recovery

Authorities in the central city of Da Nang have adopted a series of measures to bolster its post-pandemic economic development, focusing on attracting investment, promoting production, business, and exports, stimulating domestic tourism and consumption, and addressing difficulties facing key projects.
Da Nang working hard to accelerate post-pandemic economic recovery ảnh 1A view of Da Nang at night (Photo: VNA)
Da Nang (VNA)- Authorities in the central city of Da Nang have adopted a series of measures tobolster its post-pandemic economic development, focusing on attracting investment,promoting production, business, and exports, stimulating domestic tourism and consumption,and addressing difficulties facing key projects.

Secretary of the municipal Party Committee Truong Quang Nghia said the municipal People’sCommittee and relevant agencies have been directed to effectively implement supportpolicies to promote production and business activities, accelerate the disbursementof public investment, and ensure social security.

He urged the People’s Committee and relevant agencies to actively propose majortargets and budget balance plans for 2020 while focusing on building socio-economicdevelopment plans and medium-term public investment plans for the 2021-2025 period.

Nghia stressed the need to complete adjustments to the general planning of Da Nang city by 2030 and vision to 2045, and design an economic developmentstrategy to 2030.

Da Nang plans to submit a resolution on the pilot of organisingthe urban administration model as well as specific mechanisms and policies for Da Nangcity to the National Assembly for approval, he said.

Nghia also asked for solutions to quickly support and remove difficulties facing keyindustrial sectors such as automobile manufacturing, the rubber industry, and electroniccomponents.

It is necessary to build plans and scenarios and mobilise resources to recover thetourism sector, he said.

The COVID-19 pandemic has had an impact on Da Nang’s economic indicators. In thefirst four months of this year, the number of tourists to the city and tourism revenuefell 57.6 percent and 51.2 percent, respectively.

Thetotal retail sales of goods and services was down 6.8 percent, while export turnover fell 8.4 percent./.
VNA

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