From the start of the year to mid-March, the Da Nang authorities had granted business registration certificates to 834 businesses, branches and representative offices, with a total registered charter capital of over 3,728 billion VND.  These figures represent an increase of 67% and 41% in the number of businesses and investments respectively compared with the same period last year.

As at mid-March, the city was home to a total of 16,521 businesses, branches and representative offices with a total registered capital of 84,653 billion VND.

Workers at a local seafood processing company

In the first quarter of this year, local businesses maintained their stable production and business activities.  Many of them took the initiative to expand their consumer markets and renew their operations in order to promote the development of their production and business activities more effectively.  In particular, over 600 enterprises changed their brand names and headquarters, as well as raised their charter capital. 

These positive signs were mainly attributed to the city’s active support policies for local businesses, and the great efforts made by local enterprises in overcoming their difficulties and boosting their international economic integration.

In the coming time, the municipal Department of Planning and Investment will increase its checks and monitoring of local businesses in order to help them overcome their difficulties and ensure their stable production and business activities.  The focus will be on encouraging and giving more assistance to them to expand their markets, and renewing their equipment and technologies.