Da Nang’s “Year for Businesses 2014” programme was implemented effectively, with a focus on helping local businesses to stabilise their operations and create a new impetus for furthering their development.  This has significantly contributed to ensuring the sustainable development of the local economy.

Reporter Trieu Tung from the Da Nang Newspaper recently interviewed Mr Vo Duy Khuong, the Vice Chairman of the municipal People’s Committee and Head of the city’s Steering Board for the programme, to collect his opinions about the implementation of the programme.

Workers at a local business

Last year, local relevant agencies promptly re-checked business land-use inside and outside local industrial parks (IPs).  Maps showing the city’s master urban planning, along with necessary information about local vacant lots available for use for business or production activities, were displayed on the city’s Portal and the official websites of some local relevant agencies.

A total of 90,622m² of land in local IPs, which had been leased by 20 investors, was revoked due to either delays in the implementation of their projects or no construction work proceeding.  Projects covering a total of 183,385m² of land in local IPs were allowed to postpone their project deployment, whilst another 134,716m² land was leased to investors to deploy 14 local projects. 

Also last year, the city’s Development and Investment Fund disbursed loans totalling 65.8 billion VND to 24 local businesses. Meanwhile, 50 billion VND from the city’s budget was spent last year on establishing the Credit Guarantee Fund (CGF) for local small and medium-sized enterprises.  In addition, over 1 trillion VND also from the city’s budget was spent on funding 6 local business support programmes.

Moreover, 2 local enterprises received financial aid worth 105 million VND in total from the city’s budget to build their product quality management systems and register their trademarks.  In addition, local relevant agencies helped local businesses to make registration procedures for technological innovations. Numerous periodic workshops to introduce local businesses to new technologies were also organised during the past year.