Domestic investment channelled into the city surpasses this year’s targets

In active response to the implementation of the ‘2019: The Year of Promoting Investment Attraction’ campaign and the national government-approved Resolution No 35/ NQ-CP on supporting businesses towards 2020, Da Nang’s domestic investment attraction has recorded the impressive growth. Since the start of this year, a total of over 8,600 billion VND worth of domestic investment has been poured into the city, surpassing this year’s targets, up 36.25% versus the year-ago period.

A view of the over 1,800 billion VND technical infrastructure development project at the Thuy Tu urban area located in

Lien Chieu District’s Hoa Hiep Nam Ward,


developed by the Ha Noi-based FBS company

According to Director of the municipal Department of Planning and Investment Tran Phuoc Son, the city has strictly attached importance to appealing for investment into key projects.

It is noticeable that basic solutions have been taken by the local authorities to address some problems facing domestic investors, with an emphasis on promoting administrative reform for sake of more effective corporate operations and business activities, supporting the innovation of startups, and ensuring their equal access to business opportunities.

As of late October, Da Nang had attracted 329 domestically invested projects totalling over 104,500 billion VND.

In particular, there are some large projects worth over 1,000 billion VND each. Notable amongst them are the over 1,800 billion VND technical infrastructure development project at the FBS company-developed Thuy Tu urban area in Hoa Hiep Nam Ward, Lien Chieu District, and a 5,000 billion VND resort and high-class villa complex invested by the Quang An Da Nang Tourism Urban Development JSC.

The development of projects along Co Co River, which runs through Ngu Hanh Son District, is on track

Director of the FPT Software Da Nang Nguyen Tuan Phuong spoke highly of the city-created favourable investment environment for facilitating FPT Corporation to operate effectively in recent years.

Software exports and education – training are the key investment aspects on which FPT Corporation has placed a focus.

Nearly 2,700 billion VND worth of investment is expected to be poured into the city during the ongoing 2019 – 2023 period.

From now till 2021, FPT is spending nearly 1,200 billion VND   synchronising technical infrastructure at the FPT Urban Area in Hoa Hai Ward, Ngu Hanh Son District.

In April, work started on the construction of 400 apartments and 20 terraced houses for FPT Software Da Nang’s employees under the housing support policy, about 500m away from the FPT Complex.

In addition, the 2nd phase of FPT Complex in Hoa Hai Ward, Ngu Hanh Son District is progressing well, and it is scheduled to be completed in December 2020.

By DA NANG Today / DA NANG Today