Covering an area of 150ha, the Hoa Cam Industrial Park is now home to a total of 66 businesses.  To effectively carry out Da Nang’s policies on improving investment attraction in 2018, besides its general policies, the Park’s Authority has made up specific plans to lure more investors.

“All the capital resources to invest in infrastructure with the remaining area have been prepared, the company will also speed up site clearance works for investors,” said Mr Dinh Duy Chinh, the Deputy Director of the Hoa Cam Industrial Park Investment Joint Stock Company.

To date, the city’s industrial parks have together attracted more than 400 investment projects, of which 100 are foreign invested ones, creating employment for over 74,000 people in the locality and vicinities.

The city has planned to develop 2 more industrial clusters to attract small and medium sized enterprises.

Mr Tran Van Son, the Director of the municipal Department of Planning and Investment said: “The city plans to develop 2 new industrial clusters to attract more small and medium sized enterprises while clearing away enterprises which pollute the surrounding areas.”

Besides its industrial area, the city will continue to take measures to strengthen investment attraction and tourism in 2018.   The city hopes to welcome 7.5 million tourists by the end of 2018, up 13% against 2017.

According to Mr Nguyen Xuan Binh, the Deputy Director of the municipal Tourism Department, his agency had plans to submit to the city authorities with a focus on promoting investment in tourism products, including developing souvenir products and tourism infrastructures.  They include night market, night streets, pedestrian zones to meet demand of tourists.

Infrastructure will be a major point to develop socio-economic growth; the city will continue to take concrete measures to magnetize human resource to develop infrastructure.

Deputy Chairman of the municipal People’s Committee Nguyen Ngoc Tuan said: “To ensure economic development in the future, it’s necessary to upgrade transport system by building integrated urban areas, improving water and coastal environment, treating sewage and solid waste, among others.”

From the success of 2017, especially important events such as hosting the APEC Economic Leaders’ Week, the city’s policy to improve investment attraction in 2018 has created enthusiasm for locals and business community.  It’s also a crucial element which enables the city to realise opportunities into driving force to develop in years to come.

(Source: VNA/ DA NANG Today)