Saturday, February 29, 2020 12:38:39 PM - Markets open
VN-INDEX 882.19 -16.25/-1.81%
HNX-INDEX 109.58 +0.31/+0.29%
UPCOM-INDEX 55.05 -0.47/-0.85%
FDI inflow in Đà Nẵng hits nearly $700m in 2019
https://vietnamnews.vn/ - 1/24/2020 10:19:44 AM
 (0 ratings. You must sign in to rate.)
Foreign investors pumped nearly US$700 million into the central coastal city of Đà Nẵng in 2019, according to the municipal Department of Planning and Investment. 
 
Of the total, about $440 million was invested in 132 newly-licensed projects during the year, eight times higher than one year ago, while $120 million was added to 16 operating projects, 63 times higher than 2018’s figure. 
 
During the year, foreign investors also spent $135.3 million on capital contribution and share purchase in domestic enterprises, nearly triple that of 2018.  
 
In addition to foreign-invested projects, the city last year also granted in principle approval for nine domestically-financed projects, worth VNĐ8.82 trillion. That brought the number of projects in the locality up to a value of more than VNĐ104 trillion.
 
The positive figures were attributable to local authorities’ great efforts in accelerating administrative reforms to better facilitate domestic and foreign investors, the department’s director Trần Phước Sơn told online newspaper enternews.vn. 
 
This year, the city will concentrate on developing technical infrastructure of industrial zones and clusters and fostering investment promotion targeting foreign businesses who will invest in the city’s key sectors, such as IT and supporting industries, Sơn said.  
 
In order to continue luring investment, the city will deploy a number of key projects such as an overall development plan for Đà Nẵng Hi-Tech Park; one-stop shop model for the preparation, licencing and management of investment projects outside industrial parks and hi-tech zones and the improvement of hi-tech innovative features and hi-tech start-ups, the online newspaper nhandan.com.vn cited vice chairman of the municipal People's Committee, Hồ Kỳ Minh, as saying.
 
The city also focuses on promoting activities and events which effectively approach strategic investors in key markets, such as Japan, South Korea, Singapore, the US and Europe, he told the newspaper.
 
Lê Trí Hải, Vice Chairman of the Đà Nẵng Young Entrepreneurs' Association said in order to improve the investment environment and enhance investment attraction, Đà Nẵng needed to accelerate investment procedures, develop environmental impact assessments and issue investment guidelines. — VNS 
 
Read original article here
Newer News
23/02 Digital platforms improve competitiveness
22/02 Telecoms firms turning to digital content
20/02 Boosting structural reform and businesses’ competitiveness vital to grab CPTPP opportunities
13/02 VN’s GDP growth to reach 6.25 percent if COVID-19 outbreak is contained in Q1
08/02 VN acts to improve labour productivity
02/02 VN invests $3.97m abroad in January
30/01 CPI in January hits record high in recent 7 years
29/01 Pepper price to remain low this year
Older News
23/01 Japanese firms increase investments in advanced technologies in Việt Nam
19/01 Computer viruses causes $902 million in damage to Vietnamese users
19/01 Computer viruses causes $902 million in damage to Vietnamese users
17/01 Việt Nam increases coal, ore and mineral imports from Australia
12/01 PM orders faster disbursement of public funds
08/01 Vietnam’s GDP to ease slightly in 2020: Fitch Solutions
04/01 Pork prices put pressure on CPI in 2020: experts
04/01 Origin fraud hurt Vietnamese steel in the long run
04/01 Domestic cybersecurity products on the rise
01/01 VN to evaluate business reform results
 
Newsletter Signup
Top Stories
VN shares mixed, but growth expected to return
VN stocks to keep falling on disease fears
Industry 4.0 brings big changes for stock market
Reference exchange rate up 1 VND on January 17
Reference exchange rate up 1 VND on January 15
Market Update
Last updated at 3:10:05 PM
VN-INDEX 882.19 -16.25/-1.81%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.