Da Nang to step up economic diplomacy over next five years
The central city of Da Nang will press ahead with the research and forecasting of the world’s political situation and new trends in global economic transformation to serve its development policy making over the next five years.
Vice Chairman of the municipal People’s Committee Ho Ky Minh speaks at the meeting. (Photo: VNA)
Da Nang(VNA) - The central city of Da Nang will press ahead with the research andforecasting of the world’s political situation and new trends in globaleconomic transformation to serve its development policy making over the nextfive years.
This is one of themajor orientations announced at a meeting on the city's economic diplomacy jointly heldby the municipal People’s Committee and the Ministry of Foreign Affairs onMarch 12.
Vice Chairman ofthe municipal People’s Committee Ho Ky Minh said Da Nang will put forth long-term plans,orientations, and key tasks for economic diplomacy between 2021 and 2025 inorder to realise the city’s socio-economic development plan by 2030.
It will also optimisethe support of ministries and centrally-run agencies, use existing resourcesand advantages, and pay more attention to multilateral diplomacy to step up economicintegration and exchange, and international trade in line with its developmentorientations, targets, and demand, while effectively utilising new-generationfree trade agreements.
The city will alsorevamp methods of economic diplomacy and work to raise the efficiency ofinvestment, trade, and tourism promotion activities in the new circumstances.
Da Nang will makeefforts to improve the international integration capacity of local agencies, individuals,and businesses, and set up links with overseas Vietnamese, experts,enterprises, and foreign partners to spur the city's socio-economic development.
The city attracted530 FDI projects worth over 1.04 billion USD over the last five years, six ODAprojects valued at 5.93 trillion VND (256.36 million USD), and 351 programmes,projects, and non-governmental aid, with total funding of 598 billionVND.
It also establishedfriendship and cooperation relations with 45 localities in 20 countries and territories,and joined international networks such as CityNet, Asia Pacific City Summit, and ASEAN SmartCity Network./.
Chairman of the People’s Committee of central Da Nang city Le Trung Chinh has signed a plan to pilot the “Da Nang by Night” programme, to revive tourism and services hurt by the COVID-19 pandemic while implementing the city's scheme to develop the night-time economy.
Authorities of Son Tra district, in cooperation with the Centre of Biodiversity Conservation and GreenViet, have started researching the protection of the rhesus macaque monkey to drive troupes of monkeys back to the Son Tra Nature Reserve in the central city of Da Nang.
The central city of Da Nang is planning to host an annual Vietnam-Republic of Korea (RoK) festival to boost cultural exchanges, investment promotions and development of tourism, trade, health care and education, Chairman of the municipal People’s Committee Le Trung Chinh has said.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Vice Chairman of the municipal People’s Committee Ho Ky Minh speaks at the meeting. (Photo: VNA) 
