From the beginning of 2020 into mid November, Da Nang recorded some encouraging results from domestic and foreign investment attraction inside and outside local industrial parks (IPs), in the teeth of the adverse impacts of the coronavirus crisis.

In regard to domestic investment segment, Da Nang government granted an  investment license for one project, and issued investment policy decisions for six domestic investment projects totalling 16,373 billion VND outside IPs, 1.9 times higher than the figure reported in the same period last year.

Of special note, all of them are large-scale projects with each worth more than 1,000 billion VND.
As of 15 November, Da Nang had attracted 340 domestically–invested projects totalling 121,269 billion VND outsides IPs.

Additionally, between 1 January to 15 November, investment licences went to 73 new FDI projects valued at 127.9 million US$ in total. Of them, 72 projects worth a total of 67.9 million US$ are located outside IPs, whilst the remaining one, valued at 60 million US$, is based in the Da Nang Hi-Tech Park.

In particular, 15 existing FDI projects raised their registered capital with a total additional sum of 75.3 million US$.

The majority of these FDI projects are mainly involved in such aspects as hi-tech products, trade, consulting services and IT.

By TRIEU TUNG- Translated by A.T