Many politicians, investors and businesses expressed their expectations for Da Nang’s economy to flourish and gain more succes after the municipal-level Investment Forum 2022. The Da Nang Newspaper would like to introduce opinions of some attendees at the forum.

Prime Minister Pham Minh Chinh attended and delivered a speech at the forum

Mr. Yamada Takio, the Ambassador Extraordinary and Plenipotentiary of Japan to Viet Nam:

Japanese businesses will boost their cooperation with Da Nang

A total of 45 cooperation agreements, totalling US$12 billion, were signed between Vietnamese agencies and businesses and their Japanese partners at the Viet Nam - Japan Investment Promotion Conference held in November 2021 which was attended by Vietnamese Prime Minister Pham Minh Chinh.

Also, as part of his visit to Viet Nam in May 2022, Japanese Prime Minister Kishida Fumio witnessed the signing and exchange of 22 cooperation agreements, worth US$910 million in total, between Viet Nam and Japan.

Of which, the cooperation agreement between Da Nang, the BRG Group and the Sumitomo Group on the development and operation of the city’s Lien Chieu Port was presented at the forum.

About 140 Japanese businesses are operating in the Da Nang. Till date, the city has attracted about 216 Japanese-invested projects, totalling up to US$800 million. Most noticeably, the Mikazuki Hotel opened in the city.

Therefore, the Japanese diplomat believed that more Japanese businesses will pour their money into Da Nang as the city has the advantage of reasonable land rental prices in industrial parks and abundant human resources as compared with Ha Noi and Ho Chi Minh City.

He hoped that the city leaders would continue to listen to Japanese businesses’ opinions so as to make the city become more attractive destination for investors from home and abroad.

Prime Minister Pham Minh Chinh (second left) and leaders of ministries and Da Nang attending the Da Nang Investment Forum 2022

Mrs CAROLYN TURK, World Bank Country Director for Viet Nam:

Da Nang should be on the right track to consolidate its role as a growth pole in Central Viet Nam

She expressed her delight at the keen interest shown by private investors in Da Nang. She also highlighted the essential role of the private businesses in further promoting the development of Da Nang.

She hoped that Da Nang would continue to make constant efforts to improve its investment environment in order to create the best conditions for private investors to invest into the city.

She expressed her belief that the effective public-private partnerships and strategic public investment would provide the necessary synergy for the city’s sustainable development in the future.

On this occasion, she congratulated the people and leaders of Da Nang on their city’s remarkable achievements over the past decades.

She suggested Da Nang be on the right track to consolidate its role as a growth pole in Central Viet Nam.

She stressed the need for the city to give careful considerations to the planning work and the funding of public infrastructure. This is an important factor to support development momentum, including strong momentum coming from the private sector with a focus on long-term sustainability.

Mrs. Nguyen Thi Nga, Chairman of the Board of Directors of BRG Group:

Da Nang has always been a destination for investment and business development

She thanked the city leaders for their active support for her group to deploy its projects effectively in the city over the past year.

She also highly lauded the city’s great efforts in boosting administrative reforms and enhancing public services, contributing to facilitating investors to carry out their investment procedures quickly and conveniently.

The BRG Group is committed to contributing the best resources to the development of Da Nang in particular and Viet Nam in general.

A large number of investors, businesses, leaders of ministries and branches attended the Da Nang Investment Forum 2022

Mr. Tetsuyuki Nakagawa, General Director of AEONMALL Vietnam Co., Ltd.

Creating conditions for the Da Nang community to experience a new lifestyle

Since 2012, 6 AEONMALL commercial centres have opened across Viet Nam, including Ho Chi Minh City, Ha Noi, Binh Duong, Hai Phong.

Regarding the development strategy, AeonMall Japan headquarters was confident that AeonMall Viet Nam will quickly reach the target of opening 16 commercial centres in Viet Nam by 2025.

To achieve its goals, AeonMall Viet Nam has signed Memoranda of Understanding on opening more centres in Thua Thien Hue, Bac Ninh, Dong Nai and Thanh Hoa.

Da Nang is one of the country’s major cities besides Ha Noi and Ho Chi Minh City. Locals’ consumer demand and income are increasingly due to the city’s positive economic growth.

AeonMall Viet Nam plans to open a shopping centre in Da Nang to facilitate the local community to experience a new lifestyle, along with interesting shopping, entertainment, education, sports and cultural activities.

Mr. Nguyen Tam Tien, General Director of the Trung Nam JSC

Opportunity for investment cooperation

The Da Nang Investment Forum 2022 provided participating investors with the opportunity to meet, exchange and seek investment and cooperation opportunities in the city.

The event also gave a chance for the municipal government and businesses to together share difficulties and obstacles, and then find effective ways to solve problems and appeal for more investment flows into the city.

He underlined the need for the city to continue its efforts to support businesses in an attempt to solve their difficulties and obstacles thoroughly, thereby gaining the stronger trust of investors.

He added that special attention should be paid to issuing preferential investment mechanisms, and training high-quality human resources.

Reporting by T.LAN, M.QUE, V.HOANG - Translating by M.DUNG