The 2017 Da Nang Investment Forum took place at the 3-storey Ariyana Da Nang Exhibition and Convention Centre to the south of the Furama Villas on 15 October.

Prime Minister Phuc (1st row, 3rd right), Secretary Nghia (1st row, 2nd right), Chairman Tho (1st row, 1st right), and other delegates at the forum

The forum was an important prelude to the forthcoming APEC Economic Leaders’ Week 2017 (AELW) from 6 - 11 November in the city.

In attendance at the forum were Vietnamese Prime Minister Nguyen Xuan Phuc, Da Nang Party Committee Secretary Truong Quang Nghia, and municipal People’s Committee Chairman Huynh Duc Tho, along with a total of over 1,000 representatives from the authorities of Da Nang and its sister cities, national government agencies, domestic and foreign businesses, plus international organisations.

In his opening speech at the event, Secretary Nghia remarked that the 2017 Da Nang Investment Forum aimed to introduce investors from both home and abroad to the city’s development prospects, its potential investment opportunities and its specific preferential policies. 

Secretary Nghia addressing the forum

Furthermore, through this meaningful forum, the participating businesspeople had an opportunity to ask for more help from the national and municipal governments to overcome obstacles to their operation in the city. 

Secretary Nghia also re-affirmed Da Nang’ image as one of Viet Nam’s most ideal places for those from both home and aboard to live, work, relax and do business.

According to a report released by municipal People’s Committee Vice Chairman Ho Ky Minh at the forum, as of September, Da Nang had attracted a total of 408 domestic projects worth 4.5 billion USD, and 525 FDI ones totaling 3 billion USD.

By 2030, with a vision towards 2050, Da Nang will become a hub of tourism, high-quality services and hi-tech in Viet Nam, playing an important role in implementing the country’s future urban development strategy.

Addressing the forum, Prime Minister Phuc underscored the need for Da Nang to continue strongly securing its position as a motive force for ensuring the central region’s sustainable economic development. 

To realise its goals, the city should promote bilateral cooperative ties with such its neighbouring localities as Quang Nam, Quang Ngai and Thua Thien-Hue to establish a cluster of ideal investment destinations in the region for domestic and foreign investors in the years ahead.

In particular, more direct flights connecting Da Nang with Europe and the USA should be opened in the near future in a bid to develop the city into a hub of international conventions, technologies and business finance in the near future. 

The Prime Minister also urged the Ministry of Education and Training, the authorities of Da Nang and Quang Nam Province and other relevant government agencies to begin, as soon as possible, the construction of the Da Nang University Urban Area Project which has been suspended for 2 decades.

Under the witness of Prime Minister Phuc at the forum, the Da Nang authorities granted investment registration licences, investment research registration permits and related papers to 27 projects worth 35,293 billion VND.