Da Nang vows to facilitate foreign businesses’ operations

Leaders of the Da Nang City People’s Committee reaffirmed the commitment at workshop held on January 17 as part of the ongoing City Partnership Forum – Da Nang 2025 that is getting underway from January 16-18.

Addressing the event, Ho Ky Minh, vice chairman of the municipal administration, noted that despite difficulties and challenges, Da Nang has always strived to bring into full play all resources and strengthen international cooperation to promote development, affirming its role as the economic growth pole of the central region.

He cited statistics saying the local economy recorded significant positive results in 2024, with the Gross Regional Domestic Product (GRDP) estimated to grow by 7.51% compared to 2023. The city’s economic scale is currently projected to exceed VND151.3 trillion, an increase of nearly VND17.1 trillion compared to the previous year.

Facing new opportunities and favorable conditions, Da Nang is calling on partners, the business community, and investors to strengthen cooperation, investment, and business activities in the city, said Minh.

Representatives from relevant Da Nang agencies presented the city’s potential for investment in the context of emerging trends. They introduced policies to foster entrepreneurship and innovation in the city. They also shared details about upcoming strategies to advance the semiconductor and artificial intelligence industries in the locality.

The workshop themed Advancing International Collaboration to Drive Investment and Capitalise on Emerging Global Trend also featured contributions from officials and businesses from Italy, China, the United States, Taiwan (China), and others.

The event was considered a prime opportunity to promote Da Nang’s investment environment and cooperation prospects in key areas, including high-tech industries, semiconductor manufacturing, artificial intelligence, innovation, free trade zones, and the International Financial Center.