The Da Nang People's Committee has just issued a plan on the implementation of the project “Investment attraction in the 2021 - 2025 period, with a vision towards 2030” under Decision No. 3395/QD-UBND dated October 26, 2021.

Accordingly, the aforementioned plan proposes six groups of solutions for implementation, namely releasing more preferential mechanisms and policies for investment attraction, developing urban infrastructure, boosting human resource development, improving the effectiveness and efficiency of the management, renovating investment promotion activities, and speeding up administrative reform.

Functional local bodies must implement relevant contents under the plan whilst the Da Nang Investment Promotion Agency shall assume the prime responsibility and make report to the People's Committee on the plan implementation before December 30 every year and prepare preliminary work.

The Da Nang administration has just issued a project to promote investment attraction in the city. Accordingly, the city sets a target that, by 2030, it will attract a total registered investment capital of about US$7 billion (about US$3 billion in the 2021 - 2025 period and US$4 billion in the 2026 - 2030 period).

The key aspects calling for investment flows include IT, high-tech industry, supporting industries, logistics services, commerce, tourism, high-value real estate, and high-quality education, healthcare and financial services.

Reporting by TRIEU TUNG – Translating by A.THU