The DA NANG Newspaper recently receives constructive opinions and recommendations from investors and economic managers about ensuring the effective implementation of the landmark campaign ‘2018: The Year of Investment Promotion’ shortly after the publication of an array of articles about Da Nang’s tremendous investment attraction efforts.

Workers at a local company

Mr Nguyen Tien Quang, the Director of the city’s branch of the Viet Nam Chamber of Commerce and Industry (VCCI), emphasised a must-do for the city to appealing for even more domestic and foreign investment to implement projects under such models as public-private partnership (PPP), Build-Operate-Transfer (BOT) and Build-Transfer (BT).

Besides, special heed should be paid to ensuring the effective use of public land and assets in order to reduce losses and promote investment attraction.

It is high time for the city to enhance its more competitive investment environment, not only aiming at becoming the best of its kind in Viet Nam, but also being on par with those in ASEAN member countries.

It is also a good idea for the city to ask for mechanisms from the national government for the establishments of trade and shopping centers in Da Nang in the coming time, which are the most modern of their kinds in Central Viet Nam to cater for tourism activities. 

Mr Than Ha Nhat Thong, the Chairman of the Board of Directors of the city-based Southeastern Asia High-Tech Logistics JSC, said his company has already poured a total of 1.230 trillion VND (54.19 million US$) to build a commerce-logistics services centre covering an area of 9.2ha in the Da Nang Hi-tech Park.

The ongoing 1^st stage of this project is focusing on completing blocks of offices for lease, logistics warehouses, and container yards. The 2^nd stage will involve the building of distinct zones for diverse purposes, including commerce-supermarket, food court-display, and recreation combined with multi-sports facilities, as well as fuel stations. In the 3^rd stage, a convention centre and hotel complex will be established. The whole project which is expected to come into operation in early 2021 is hoped to attract more investors to the Da Nang Hi-tech Park.

Mr Pham Ngoc Thach, the Deputy Director of the municipal Department of Information and Communications said, according to preferential mechanisms and policies for the Da Nang Hi-Tech Park, land lease fee exemptions for the entire term shall be applied to projects using land to develop civil engineering and technical infrastructure works, tree planting areas, public parks, facilities for State-owned agencies, hi-tech human resource training centres, accommodations for experts and employees working in the park and other projects involved in a list of priority aspects.

The Park’s Deputy Head, Mr Doan Ngoc Hung Anh, said the venue is aiming to attract at least 4 new investment projects with a total investment capital of at least  100 million USD by the end of this year.

Mr Tran Si Chuong, the Principal Partner of the TranInvest Pte. Ltd, a private equity investment group with a focus on healthcare and education opportunities in Viet Nam, underline a need for the city to create the most favourable conditions for investors as a move to encourage them to employee local labourers for a long term and provide training courses, hereby helping the city possess high-quality human resources.

According to Mr Nguyen Van Ly, the Standing Vice Chairman of the city’s Small and Medium-sized Enterprises Association (DANASME), apart from appealing for more domestic and foreign investment inflows, importance should be attached to accelerate the progress of the local business community.

More support should be given to local businesses to help them reduce the cost of inputs, and increase their competitiveness in the current context of the deeper global integration.