In the first half of the year, the central city issued incorporation licences to 1,177 Vietnamese investors with total capital of US$330 million, an 85 percent year-on-year growth.

Also licensed were nine foreign direct investment (FDI) projects worth US$743 million.
Several giant property projects are underway in Da Nang, including the Golden Square, a complex of three 38-storey towers being built at a cost of US$62.5 million by Dong A joint stock real estate company.

Others include the Da Nang Centre, a shopping complex, office block and hotel, the US$225 million Han Riverside project by the Vu Chau Long Real Estate company, and the US$180 million, 48-storey Vien Dong Meridian tower complex.

Deawon Corporation is building the Da Phuoc new urban area project at a cost of US$250 million and a US$30 million apartment block south of Tuyen Son bridge.

Rombus Inc. and Union Network Co. have agreed to jointly invest US$600 million in building a residential-commercial complex in urban area No.4.