In his report at a recent meeting to review the performance of the Da Nang People’s Committee in 2023 and identify new task for 2024, municipal People’s Committee Vice Chairman Ho Ky Minh revealed that the growth rate of the city’s gross regional domestic product (GRDP) in 2023 rose by 2.58% against 2022. The scale of the city's economy in 2023 at current prices reached more than VND134,247 billion, expanding nearly more than VND 9,726 billion compared to 2022.

Da Nang Party Committee Secretary Nguyen Van Quang (left) and municipal People's Committee Chairman Le Trung Chinh co-chairing the event

The city’s total State budget revenue for the 2023 fiscal year was VND21,446.376 billion VND, reaching 91.44% of the estimate assigned by the People's Council. The added value of the service sector was estimated to increase by 4.1%, the industrial - construction sector 2.05%, and the agriculture - forestry - fisheries sector 1.19%. The service sector stood out as a bright spot, positively contributing to the city's overall economic growth.

Da Nang won many prestigious domestic and international awards for smart cities and digital transformation.

In particular, the Da Nang Public Service Portal was graded A by the National Committee on Digital Transformation. Da Nang came out top of the Viet Nam ICT Index 2022, the ranking on the readiness for information and communications technology development and applications. It was honoured in the category of ‘State Agency with Excellent Digital Transformation’ and won the Viet Nam Smart City 2023 award for the 4^th consecutive year. It took the award in the category of ‘Top typical organisations/localities actively implementing Industry 4.0 and digital transformation”.

During the year, the city concentrated on promoting investment attraction; granting new investment licences and implementing adjustments for 40 domestic projects with a total registered investment capital of VND46,698.5 billion; and attracting US$181 million in FDI capital.

In 2023, the city attracted about VND 60,000 billion in domestic investment capital, and more than US$200 million in FDI. In particular, the city actively removed obstacles for old investment projects with a total additional capital of over VND47,500 billion.

As for planning, the city got approval for master plan for 2021-2030 period, with a vision towards 2050. It is the first among the 5 centrally-run cities to have its municipal-level master plan approved.

Municipal People’s Committee Vice Chairman Ho Ky Minh

It focused on drastically directing and speeding up the progress of preparing, appraising and approving zoning plans, as well as submitting 2 out of the 9 urban subdivision projects for approval, including the urban subdivision planning along the Han River and the east of the river; and the urban planning of Hoa Vang District.

As of December 31, 2023, the disbursement of public investment capital in 2023 reached 68.3% of the year’s plan to be VND5,430 billion.

The city created jobs at over 100% of the plan, whilst 100% of poor households with labour capacity according to the city's poverty escape standards were lifted out of the poverty.

​The national defence and security situation was guaranteed, while traffic order and safety were maintained. No serious or prolonged traffic jams occurred.

During the year, the city proactively proposed practical solutions to create a basic premise for development in the coming years as well as create new development drivers for the city.

According to Mr. Minh, 2024 is an important year with many opportunities and advantages for Da Nang when the central government is considering promulgating a number of mechanisms and policies to help the city overcome difficulties and obstacles that have existed for many years, and accelerate the most effective implementation of targets according to the Resolution of Party Congresses at all levels for the 2020-2025 term and Resolution Nos. 43 and 26.

He added that the city has chosen the theme of 2024 as the year ‘Promoting administrative reform, strengthening discipline, continuing to open up investment resources, promoting economic growth and ensuring social welfare’.

It sets the target that the growth rate of its GRDP in 2024 will increase by 8-8.5% compared to 2023.  Meanwhile, the city’s total State budget revenue will exceed by 5-7% of the estimate for 2023, and the total development investment capital will increase by 6-7%.

​Reporting by TRONG HUY - Translating by M.DUNG