On December 04th, 2019 Danang city held the
conference on the result of the socio-economic development in 2019 and the
target of the city in 2020. The conference affirmed the situation of
implementing the city’s political duties, ensuring some criteria for socio-economic
development of the city. In 2019, the city has achieved some outstanding
results such as: budget revenue exceeded the assigned estimate (estimated at
VND 28.170 billion, reached 102,9% of the estimate, up 3,5%; attracted more
than 3.696 billion dong of domestic investment and more than 658 million USD of
foreign investment capital (newly granted investment certificates of 118 FDI
projects with a total registered capital of 437,13 million USD, 8 times higher
than the same period); Total tourist arrivals were estimated at 8.69 times, up
13.4%, revenue from tourism activities was estimated at 30.973 billion VND, up
16,7%. In the year, social order and safety were maintained, is considered by
many investors and tourists to be a destination for investment and tourism.
In 2020 is
particularly important, the last year to implement the 5-year plan from 2016 to
2020 and the year of many political and cultural events. At this 19th
Conference, the Conference agreed on the theme of 2020 as “The year of
promoting investment attraction” with specific tasks to focus on implementing:
promulgate new preferential policies of the city to attract investors;
implement plans on improving the quality and efficiency of foreign investment
cooperation; continue to improve infrastructure, expand high-tech zones, create
land fund to call for investment; continue to remove obstacles in the planning,
land management, human resources for businesses and investors. In 2020, the
city will actively coordinate with ministries and branches to submit to the
National Assembly for approval of the Resolution on Danang construction and
development to 2030, with a vision to 2045; on that basis, submit to the
Government for promulgation a decree on specific mechanisms and policies on
city development.
In addition, with the
goal of attracting foreign investors, the city hopes to receive more investors
from many countries around the world to invest in high-tech and technology
industries, biology, environmental protection projects, tourism development,
etc. through setting up company, factory in Danang City. This is a great
opportunity for international investors to seize the opportunity to invest in
Danang today, in order to enjoy the incentives, as well as the highest
investment efficiency in the future.
ANT Lawyers - law firmin Vietnam is pround to support clients and promote Danang as a friendly
destination for investment in Vietnam.
