Economics

Da Nang attracts investment capital

Translated by VAN GIANG • Apr 21, 2025 10:06

(QNO) - In the first quarter of 2025, Da Nang City focused on boosting basic infrastructure development and maximizing the use of public investment capital to attract private sector investment.

Da Nang Software Park 2 is expected to become a new growth engine for the city.

In the first quarter of 2025, Da Nang attracted VND 1.544 trillion in foreign direct investment (FDI), accounting for 15.8% of the city's total investment capital - an increase of 80.5% compared to the same period last year.

This remarkable growth indicates that Da Nang's efforts in policy reform and support for FDI enterprises are beginning to yield results. Some major projects include: Foxlink Electronics Factory in Da Nang, Mikazuki Spa & Hotel Resort (Phase 2), and Nam Phat coastal luxury resort and villas.

Secretary of the Da Nang Party Committee, Nguyen Van Quang, held a dialogue with foreign investors in Da Nang.

Notably, in the first quarter of 2025, Da Nang attracted six domestic investment projects with a total registered capital of VND 14.655 trillion - 4.3 times higher than the same period in 2024 -and nearly USD 40 million in FDI.

Of this, over VND 8.240 trillion in domestic capital and USD 1.7 million in FDI were poured into projects outside industrial zones; while VND 6.395 trillion in domestic capital and more than USD 32 million in FDI were invested in Da Nang’s industrial zones, high-tech zones, and centralized IT parks.