FDI in Da Nang up 10.5%

VGP – As much as VND1,800 billion in Foreign Direct Investment (FDI) has been poured in the central city of Da Nang since early 2019, a year-on-year increase of 10.5%.

July 10, 2019 9:49 AM GMT+7

The 11^th meeting of Da Nang City’s People’s Council on July 9, 2019 - Photo: VGP

The information was released at the 11^th meeting of the city’s People’s Council on July 9.

Da Nang attracted VND1,300 billion from domestic investment and US$542 million in foreign investment over the first half of 2019.

The total social product in the city was estimated to reach 6.21% against the same period last year. The total State budget revenue in six months reached VND14,722 billion, up 9.7%.

At the Spring Seminar 2019, the city granted investment certificates for eight projects, worth more than US$492 million and allowed considering investment in 11 projects, valued nearly US$3.5 billion.

The total development investment capital in the city attained nearly VND20,000 billion in six months, up 3.3%, of which the non-State sector and FDI sector contributed VND14,500 billion and VND1,880 billion, up 6.4% and 10.5%, respectively.

By Thuy Dung