Over 8.9 billion VND for industrial promotion activities
According to the Da Nang Industrial Promotion and Development Consultancy Centre, during the 2013 - 2018 period, a total of over 8.9 billion VND has been spent on industrial promotion activities across the city.
Workers at the Hoa Nhon Forest Products Processing Enterprise in Hoa Vang District |
Of this, over 5.5 billion VND came from the national budget, whilst the remainder was from the city budget.
Between 2017 and 2018, the Centre has developed a total of 41 industrial promotion projects. 12 of them have received financial aid totalling 2.45 billion VND from the national fund for industrial promotion, whilst the remaining 29 projects have received over 2 billion VND from the city budget. In particular, more than 24.7 billion VND was contributed by local industrial businesses.
As a result, hundreds of the city’s small and medium-sized industrial enterprises (SMEs) and others operating in rural areas have enjoyed benefits from the city’s industrial promotion programme. Included are the Binh Minh Plastic Manufacturing and Trading Company, the Cham Cham Group, the Ngu Hanh Son Cement Joint Stock Company, the Suc Tre Co Ltd, the Hong Huong Fish Sauce Co Ltd, and the Duc Huy Technology Joint Stock Company.
In addition to giving financial aid, the city has been paid special attention to providing more favourable conditions for business creation and growth.