As reported by the Da Nang Department of Industry and Trade, in 2021, the added value of the Da Nang industry reached VND 9,300 billion, down 1.7% from 2020.

The index of industrial production for the whole year decreased by 2.3% as compared to 2020.

Particularly, the import-export turnover climbed by 13.2% to nearly US$3,200 million whilst the trade surplus reached US$413 million.

The domestic trade remained stable as the retail sales of goods hit more than VND59,000 billion, up 4% as compared to 2020.

According to the 2022 plan, due to the complicated developments of COVID-19, the Da Nang Industrial Production Index is expected to increase by 4.5% as compared to 2021. The total retail sales of goods will go up by 9 - 10%.

The export and import turnovers of goods are projected to rise by 9 -10% and 8 - 19%, respectively.

The above-mentioned figures were released by the Da Nang Department of Industry and Trade at the Tuesday meeting which aimed to review its work performance in 2021 and identify tasks in 2022.

Delivering his instructions at this event, Vice Chairman of the municipal People's Committee Tran Phuoc Son praised the achievements of the local industry and trade sector in 2021.

Last year, the industry and trade sector focused on well implementing the assigned tasks in order to boost the city's socio-economic recovery and growth in the context of safe and flexible adaptation and effective control of COVID-19, effectively deploying industrial promotion policies, forming night markets and pedestrian streets.

Also, policies were released to accelerate industrial promotion programmes, the production of souvenirs and tourism services and the project “Development of yacht-related industries and services”

Vice Chairman Son suggested that the municipal Department of Industry and Trade strengthen cooperation with other relevant agencies in order to improve the quality and operational efficiency, bring activities into depth and practicality.

Heed must also be paid to effectively implementing administrative procedure reforms, ensuring goods supply and demands, and stabilising the market during the 2022 Lunar New Year festival.

Reporting by KHANH HOA – Translating by A.THU