Da Nang prioritises FDI attraction in high-tech fields
In 2019, the central city of Da Nang will prioritise drawing foreign direct investment (FDI) in the fields of information technology, supporting industry, and high-quality services, especially in trade, tourism, logistics, healthcare, education, and high-tech agriculture.
Da Nang (VNA) – In 2019, thecentral city of Da Nang will prioritise drawing foreign direct investment (FDI)in the fields of information technology, supporting industry, and high-qualityservices, especially in trade, tourism, logistics, healthcare, education, andhigh-tech agriculture.
According to Vice Chairman of the municipalPeople’s Committee Ho Ky Minh, local authorities will support those businessesinvesting in the city by pushing ahead with administrative reforms to reducetheir production times and costs, and handling relevant procedures before andafter granting licences to investment projects.
Further, the city will improve infrastructure tolure investment in high-tech parks and major projects, and provide legalinvestment knowledge for professionals operating in the field of investmentpromotion, he added.
As of November 2018, Da Nang issued investmentpolicy decisions for six domestic projects worth over 6.35 trillion VND.
The city granted new licences to 126 FDIprojects worth over 155 million USD in 2018, doubling that of 2017.
Singapore was the biggest source of investmentin Da Nang, followed by Japan, the US, and the Republic of Korea.
To date, the city has counted 675 FDI projectswith the total registered capital of about 2.88 billion USD.–VNA
The central city of Da Nang granted new licences to 126 foreign direct investment (FDI) projects in 2018 with a total investment value of over 155 million USD – double the level it saw in 2017.
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A corner of Da Nang (Photo: VNA) 
