Da Nang (VNA) – The central city of Da Nang has listed 78 projects in search of foreign direct investment (FDI) in the next three years, according to the city’s Department of Planning and Investment.
The projects include information technology, electronics, agriculture and seafood processing, engineering, textiles-garments, real estate and footwear.
To make use of opportunities brought about by Vietnam ’s admission into the World Trade Organisation, Da Nang has taken steps to improve the local investment environment.
This has included accelerating administrative reform by enacting consistent policies and shortening the time for investment registration.
The city has licensed 5 foreign-invested projects – valued at more than 240 million USD – in the first four months of this year, said an official from the department’s Investment Promotion Centre.
They include a 200 million USD commercial, office and serviced-apartment building known as the Jade Residence Complex. It is sited on 8.8ha in Hai Chau district. Financed by Kreves Land Co Ltd, the complex will open later this year.
There are now 126 foreign-invested projects in the city worth more than 2 billion USD.-Enditem
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