Da Nang attracted 13 domestic and foreign-invested projects worth more than 277 billion VND (12.04 million USD) in its industrial parks, and two others in its high-tech parks with a total capital of 366 billion VND (15.9 million USD) in the first half of the year.

Illustrative image (Source: VNA)

To date, the city has attracted a total of 7 projects valued at 158 million USD in high-tech parks, and it has granted licenses to 5 projects worth 7.050 trillion VND (306.5 million USD), and recorded additional capital of over 1.4 trillion VND (60.86 million USD).

Over the past 6 months, Da Nang licensed 36 foreign-invested projects worth a total of 32 million USD, up 20% in volume and 269.5% in value annually.

Since early this year, the city has granted licensed to 2,177 enterprises, branches and representative offices with a total registered capital of nearly 13 trillion VND, presenting a 44.8% increase in value year-on-year.

To date, the city has recorded 19,778 businesses, branches and representative offices with a total registered capital of over 97 trillion VND.

In order to attract more domestic and foreign investments, Da Nang will add Hoa Nhon, Hoa Cam (the 2^nd stage) and Hoa Ninh industrial parks into the master plan of the city's industrial parks, and soon open Cam Le, Hoa Nhon and Hoa Khanh Nam industrial complexes.

In agriculture, the city has developed a plan to implement Resolution 03-NQ/TU on developing Hoa Vang District, and issued mechanisms and policies to attract domestic and foreign investments in hi-tech farming, approved 7 high-tech agriculture zones, and built a scheme to open a high-tech agricultural area.

During the period, Da Nang earned 696.4 million USD from exports, up 11.3%. Of them, exports of rubber surged 90% to 22 million USD, mostly to Brazil, Myanmar, Malaysia and Thailand, not to mention garment (up 15.5%), electrical equipment and electronics (14.4%), handicraft and wooden furniture (12.9%), and toys (11.7%).

Fisheries export was estimated at 90 million USD, up 8.4% but will still face difficulties regarding material prices and trade barriers in several markets.

(Source: VNA/ DA NANG Today)