According to the Investment and Trade Promotion Center, as of February 15, the city has attracted 212 foreign-invested projects, with the total investment of over US $3.16 billion.

At present, nearly 330 businesses are operating in six Industrial Parks (IPs) in the fields of service, industry and agriculture.

There is an increase in the number of foreign investors in the recent years, mainly from Japan and the EU, to Industrial Parks (IPs) in the city.

British Virgin Island ranks first among the largest investors, accounting for 37.4% of the total investment.

Direct foreign investment has helped the city promote other local economic sectors, expand cooperative relations with other countries and enhance international economic integration.

In 2000, the city’s total export value reached only US $551.7 million. In 2010, the number increased to US $1,759 billion, 14.4 times higher than in 1996 and 3.2 times higher than in 2000.
The city’s exports per capital rose from US $335 in 2000 to US $1,355 in 2010.

To improve the effectiveness and tackle obstacles in drawing investment, Đà Nẵng City has paid due attention to boosting up disbursement and reducing the gap between registered capital and real capital.

The city has also created favorable conditions in terms of administrative procedures and site clearance for projects to be launched as soon as possible.

By Thùy Dung