Vo Duy Khuong, Vice Chairman of the Danang People’s Committee, told VOV that the fireworks contest has been held annually in Danang for three years to show cultural identities of Vietnam, not only Danang.

He said the contest has helped raise the profile of tourism in central Vietnam and increased revenues from tourism, services and transport industries in Danang and adjacent provinces.

According to Khuong, the capital for this event is sourced completely from private sponsors. This year, the sponsors have registered to provide VND20 billion for the event.

The official added that the city will take necessary measures to curb any attempts to push up the price of services during the festival.

“The hotels that raise their prices above their listed prices will receive administrative penalties. If they violate [the regulations] again, we will revoke their business licenses,” Khuong affirmed.