Da Nang: Infrastructure development important to attract investment

Completing its infrastructure network has been billed as an important measure for the central coastal city of Da Nang to lure more investment in 2021.
Da Nang: Infrastructure development important to attract investment ảnh 1An aerial view of Da Nang city (Photo: VNA)

Da Nang (VNA) - Completing its infrastructure network has been billedas an important measure for the central coastal city of Da Nang to lure moreinvestment in 2021.

According to Report No 362/BC-UBND issued recently by the municipal People’sCommittee, the city sees investment attraction as a key mission to recover thelocal economy during the year.

Specific measures are outlined in the report, including the effective use ofland funds, improvements to infrastructure quality at the expanded Hoa Khanh IndustrialPark and the Hoa Cam and Lien Chieu Industrial Parks, as well as the implementationof a project to attract businesses at the Da Nang Industrial Park.

Relevant departments and sectors are responsible for removing bottlenecks toensure the Da Nang hi-tech zone project is carried out in a timely manner.

Da Nang city will strive to complete procedures this year to select investorsfor the second phase of the Hoa Cam, Hoa Nhon, and Hoa Ninh Industrial Parks. Itwill also work to complete site clearance and compensation at the Hoa KhanhNam, Hoa Hiep Bac, and Hoa Nhon industrial clusters, and complete detailedplanning for a hi-tech agricultural zone in Hoa Phu and Hoa Khuong communes.

The city will also ramp up efforts to put a second software park into operationsoon to attract investments and create 6,000 IT and digital jobs.

Vice Chairman of the municipal People’s Committee Ho Ky Minh said the city prioritisesinvestments in the fields of IT, support industries, and high-quality services,particularly in trade, tourism, logistics, healthcare and education, andhi-tech agriculture.

According to figures, Da Nang city attracted over 16.8 trillion VND (726.24million USD) in domestic investment last year and 273.27 million USD in FDI./.
VNA

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