Republic of Korea leads Danang investment list
The Republic of Korea (RoK) has been a leading investor among the 30 countries and territories in Danang, said Huynh Phuong Lien, deputy director of the central city’s Investment Promotion Centre.
"Businesses from RoK have invested in 29 Foreign Direct Investment (FDI) projects with total capital of US$710 million, making up 23.11 percent of the city's FDI projects last year," Lien said.
According to the latest report, Danang attracted 241 FDI projects capitalised at US$3.6 billion.
The British Virgin Islands ranked second with 15 projects worth US$683 million, while Singapore placed third with US$409 million worth of projects.
Businesses from the US invested in 27 projects with total investment capital of US$345 million. Japan had 60 projects with an amount of US$315 million.
The city gave 33 new FDI projects the go-ahead last year, of which 22 related to production and processing.
Danang's six industrial zones employ over 30,000 people, 39 percent of whom are skilled workers.
The RoK company Deawon Cantavil has the largest FDI project in Danang - the resort-style Da Phuoc Urbanisation Project – in which it has invested US$300 million.