Danang Promotes Investment in The Industrial Park

On January 17th, 2020, Danang city held the meeting to report the activities in 2019 and the targets in 2020 in the industrialization plan.

In 2019, Danang has achieved high performance in industrial production and trade. Specifically, the industrial production according to the real value of the industry reached VND 17,917 billion (increase of VND 302 billion in less than a year), the industrial index increased by 4.25%, of which the increase in industries such as: processing-manufacturing, producing and distributing electricity, supplying water and treating waste.

In addition to a number of industrial activities, trade activities also grew strongly, in which the total retail sales of goods and services in 2019 reached VND 99,970 billion, up to 13.6% compared with 2018.

In 2019, Department of Industry and Trade of Danang performed the assigned tasks, in addition to implementing the program “year of promoting investment attraction”, carrying out the business promotion support; energy management, engineering, food safety, environment in the field of industry and trade; monitoring and stabilizing the market have been implemented effectively.

Based on the achieved results, in 2020, the Industry and Trade sector sets targets for three fields: industrial production; import and export; retail sales of goods. Specifically, the index of industrial production (IIP) is expected to increase by 7.5%, of which manufacturing and processing industry increase by 7.7%; the added value of industry increased by 8-8.5%; total export turnover is expected to increase by 7-8% compared with 2019; import turnover is expected to increase by 7-8% compared with 2019; total retail sales of goods in 2020 is expected to increase by 22.1% compared with 2019.

Besides, the city is also trying to overcome limitations such as: not attracting many big projects to invest in industrial zones; the development of industrial clusters and specialized streets at night market is still slow compared to the demand.

In 2020, the Department of Industry and Trade has main tasks in the field of planning, policy and trade. With assigned tasks and set goals, Danang hopes to attract more investment in in industrial parks in the city, calling investors to set up company in various areas and apply for investment registration certificate, business registration certificate.