Fri, 07 Oct 2022

Vietnam's Da Nang city holds investment forum

26 Jun 2022, 02:05 GMT+10

HANOI, June 25 (Xinhua) -- The Da Nang Investment Forum 2022 was held Saturday in Vietnam's central city of Da Nang, in a bid to attract foreign investment.

At the event, a series of adjustments to the overall plan for the development of Da Nang by 2030 with a vision to 2045 were unveiled, along with lists of projects looking for investment and lands available for investment in the city.

Vietnamese Prime Minister Pham Minh Chinh attended the forum and delivered a speech, noting that the Vietnamese government is committed to building an investment environment that is fair, open and transparent in a win-win spirit.

The Vietnamese government encourages and would help every investor to conduct legal and legitimate investment and business activities in Vietnam, he said.

Also at the forum, Chinh witnessed the signing of a number of cooperation agreements on 27 projects, whose combined capital totals 5.6 billion U.S. dollars.

In his remarks, Chairman of Da Nang People's Committee Le Trung Chinh said despite new challenges in the post-COVID-19 times and the ever-changing international dynamics, with the approval of adjustments to the city's plan and COVID-19 under control, it is a good opportunity for Da Nang to further facilitate the implementation of its key projects and promote investment.

Da Nang is emerging as a hub for modern industry and a commercial and financial center of Vietnam, and the World Bank believes effective public-private partnerships and strategic public investments will enhance the synergy for the city's sustainable development in the next decades, said Carolyn Turk, the World Bank's country director for Vietnam, at the forum.

In the first five months of 2022, Vietnam recorded a total of 613 new foreign direct investment projects with realized capital of 7.71 billion U.S. dollars, official data showed.

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