The Da Nang Investment Forum 2022 will be held on June 25 in both face-to-face and online forms at Sheraton Grand Resort, 35 Truong Sa Street, Ngu Hanh Son District.

Hosted by the municipal People’s Committee, the forum aims to promote the city's potential, advantages and investment opportunities to domestic and foreign investors and organisations so that they can expand business in the city.

Da Nang is giving priority to high technology, an economic sector for driving the local growth. IN THE PHOTO: Manufacturing activities at the Trung Nam Electronic Manufacturing Services Joint Stock Company (Trungnam EMS) in the Hi-Tech Park located in Hoa Vang District. Photo: MAI QUE

Lots of investment attraction information to be announced

The forthcoming forum is expected to attract around 600 delegates who are representatives from the Government, relevant ministries and branches, foreign representative bodies and central agencies in the city, departments, associations, and large-scale domestic and foreign enterprises which have actively made great contributions to the city’s budget and created jobs for locals.

Some representatives from universities, colleges, vocational schools, press and media agencies citywide will attend the event.

On the morning of June 25, the delegates will visit the Lien Chieu Port, Hi-tech Park, Dedicated Information Technology Park, and Software Park No. 2.

The main forum will be held in the afternoon of the same day. The Prime Minister Pham Minh Chinh, Da Nang Party Committee Secretary Nguyen Van Quang, municipal People's Committee Chairman Le Trung Chinh and People's Committee Standing Vice Chairman Ho Ky Minh will make their attendance at the event.

In his remarks at the press conference on May 31 to announce the Da Nang Investment Forum 2022, Standing Vice Chairman Minh highlighted the importance of the Da Nang Investment Forum 2022 in introducing the city's potentials, strengths and investment opportunities to domestic and foreign investors in order to attract domestic and foreign investment resources, especially foreign direct investment (FDI) flows, for sake of driving post-COVID economic recovery and development.

At the upcoming event, the municipal administration will announce the Prime Minister-approved adjustments to the Da Nang Master Plan for its major developments by 2030, with a vision towards 2045, projects calling for investment in the city, and the list of land funds available for investment attraction.

In addition, investment preparation and investor selection processes for investment projects not using State budget capital implemented inside and outside industrial parks and the city’s Hi-tech and Concentrated Information Technology parks and industrial clusters will be unveiled.

The upcoming forum will provide an opportunity for the municipal government to enter into dialogue with businesses and investors to discuss the goals and development potential of Da Nang, as well as listen to their suggestions, recommendations and proposals on making Da Nang into an attractive investment destination in Viet Nam.

The coming event is expected to witness activities such as granting investment registration certificates, approving investment policies, investment research policies for domestically-invested and FDI projects; awarding agreements on principles and investment cooperation between the city and domestic and foreign partners; and rewarding organisations and enterprises that have made outstanding contributions to the city’s investment promotion.

Besides, a number of activities on the sidelines of the forum will be organised. Included will be the displays of documents on the adjustments to the city’s master plan to 2030, with a vision to 2045; the zoning planning of functional subdivisions according to the aforementioned adjustments; appeals to be made for investment into the Sheraton Grand Da Nang Resort, the Da Nang Administrative Centre and the APEC Sculpture Park; the ground-breaking and inauguration ceremonies for some key projects in the city; and field surveys to Lien Chieu Port, Hi-tech Park, Concentrated Information Technology Park, and Software Park No. 2.

The city is promoting investment attraction to drive its economic growth. Picture taken at the surface-mount technology (SMT) assembly and manufacturing plant, located in the Da Nang Hi-Tech Park. Photo: THANH LAN

Infrastructure to be upgraded soon to welcome investors

According to Director of the Da Nang Investment Promotion Agency (IPA) Huynh Lien Phuong, at the upcoming event, her unit will announce some large-scale projects, mainly involved in such fields of infrastructure, commerce and quality of life.

In terms of investment attraction, the city focuses on three main pillars: marine, high-tech, and tourism and services, along with five key sectors.

Moreover, the city’s infrastructure projects such as seaports, airports and logistics centres are received much attention from investors, especially those from foreign countries.

Director of IPA Phuong put a spotlight on the need for the city to accelerate the progress of expanding its land funds in new industrial parks, implement reasonable zoning and build an auxiliary industrial park to create favourable conditions for foreign investors.

Likewise, Head of the Authority of Da Nang Hi-Tech Park and Industrial Parks Pham Truong Son undertook the necessity for the city to perfect infrastructure for investment and production.

A focus should be on expanding the Hi-Tech Park, Supporting Industrial Park project serving the Da Nang Hi-tech Park, and Concentrated Information Technology Park, as well as building the Hoa Cam Industrial Park at the 2^nd stage, and Hoa Ninh and Hoa Nhon industrial clusters.

Special attention should be paid to proactively contacting with large corporations in a list of Forbes 500; enterprises in developed countries in G7, G8 and OECD; and business associations and big banks of countries having policies on responding to capital flows.

It is known that in the coming time, the city will announce a number of preferential policies in the fields of land prices for investors.

Additionally, in the third quarter of 2022, the city will announce the land rental prices in local industrial parks.

Notably, one of the highlights of the upcoming forum will be a report on the Lien Chieu Port project and the introduction of information about the city’s land funds calling for investment.

Reporting by THANH LAN - Translating by M.DUNG