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Da Nang takes lead in competitiveness index

The central city of Da Nang , for the third consecutive year, has secured first place in terms of competitiveness index, which has helped it attract 197 FDI projects capitalised at some $3.9 billion.

In the first four months of this year, Da Nang licensed an additional 19 projects with a total capital of over $300 million. In the first quarter alone, the city attracted $424.5 million, including newly-registered and additional capital, for 16 projects, representing a 4.9 fold increase over the same period last year.

FDI projects focus on a wide range of areas such as garments and textiles, real estate, information technology, manufacturing and chemicals, of which real estate has garnered the largest number of projects.

Apart from real estate, the tourism sector, which is seen as one of the city’s spearhead industries, also attracted a huge amount of investment capital.

The city is introducing open and transparent policies to lure more both domestic and foreign attention in the city.

From VietNamNews

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