Creating the Most Conducive Investment Environment
On July 5-7, the Danang People’s Committee hosted the “Danang – Japan: Investment Promotion Conference” to facilitate information exchange and foster investment connections.
Mr. Tran Chi Cuong, Vice Chairman of the Danang People’s Committee, addressed the conference, stating that it was organized following the elevation of the strategic partnership between Vietnam and Japan. The primary goal is to foster collaboration and attract investment in high-tech industries, digital technology, green technology, information technology, electronics, microchips, and semiconductors.
 |
These are not only priority areas for Danang’s development during this period but also sectors where Japanese investors and businesses have a strong presence and immense potential.
Developing microchips, semiconductors, and artificial intelligence are two of the five breakthrough industry groups intended to propel the city’s rapid and sustainable development. As a result, the city has been concentrating on advancing these two sectors across multiple fronts, including human resources and infrastructure.
In terms of mechanisms, Danang has introduced numerous attractive policies pertaining to investors, land lease rates, and infrastructure usage costs.
 |
Notably, the National Assembly has approved the city’s implementation of specific policies for strategic investors. For instance, the state will lease land to strategic investors without requiring them to participate in land use right auctions or investor selection tenders. Additionally, strategic investors will enjoy preferential customs procedures for their import and export goods related to projects in Danang, along with other breakthrough preferential policies.
This lays the foundation for Danang to become one of the localities with the most favorable investment environments for domestic and foreign investors,” emphasized Mr. Tran Chi Cuong.
Ongoing Support and Collaboration
During the conference, Japanese businesses and organizations had the opportunity to learn about Danang’s prominent strengths and future development potential.
Meanwhile, Japanese businesses expressed their desire for Danang’s continued support and administrative procedure reforms. They identified these reforms as crucial in overcoming obstacles for Japanese businesses looking to invest and expand in the city in the coming years.
 |
In parallel, investors also showed a keen interest in the conditions, mechanisms, and procedures related to two of Danang’s significant projects: the High-Tech Park and Lien Chieu Port.
Representatives from the Danang People’s Committee shared that Lien Chieu Port is designed to have eight berths, including container berths, general cargo berths, and oil berths. The first phase, which includes the construction of a seawall, channel dredging, and a connecting road, is currently underway with funding from the city and central government.
Additionally, Danang is in the process of finalizing investment procedures for the port’s berths and carefully reviewing selection criteria. A public tender to select investors for these components is expected to be held by the end of this year.
Regarding investments in the High-Tech Park, representatives clarified that businesses investing in this park must meet the criteria of Green Economy, Green Factory, and Green Industry. These criteria align with Danang’s and Vietnam’s future direction. Concerning administrative reforms and streamlined procedures, Danang is committed to providing maximum support to investors to ensure the most favorable mechanisms and policies.
|
Japan is currently Danang’s top investor, with over 1.14 billion USD invested in 261 projects. In 2023, the export turnover from Danang to Japan was estimated at 650 million USD, while imports from Japan reached 350 million USD. The number of Japanese tourists visiting Danang has been steadily increasing, with a nearly 22-fold increase from 2011 to 2019. In 2023, Japanese tourists ranked within the top 10 international tourist markets for Danang. Furthermore, Japan has also left its mark in various fields in Danang, including education, non-governmental aid, labor, and culture. |
Minh Truong
Choose La Mia Bao Loc – Embrace a Fulfilling Life with an Ideal Green Living Standard
Not just a perfect blend of art and inspired Italian-style resort, La Mia Dalat also effortlessly brings each resident to the standards of peaceful living, well-being, and balanced body-mind-soul.
Choose stocks for “Tet” festival celebrations
Investors should consider choosing stocks in the banking industry with good profitability, healthy real estate, and abundant clean land reserves. In addition, the group of stocks in infrastructure investment, iron and steel, and construction materials should also be considered.
Top Investment Channels for 2024: Safe and Profitable
2023 is a year full of volatility in the global financial market. Against this backdrop, many investors are interested in gold as a store of assets.
Chinese citizens flock to buy 280 tons of gold, realizing real estate and stocks are no longer a good investment channel
Regardless of the global decline in demand for gold, the purchasing power of Chinese citizens has propelled the price of gold to surpass the $2,000 per ounce threshold in 2023.
Vietnam’s Largest Deep-water Port Town is Set to Become a Thriving City with Investments from Korean Chaebols: Latest Project Involves Nearly 10 Trillion VND for Fuel
Previously, this chaebol has invested $3.5 billion in projects in various major cities such as Hanoi, Ho Chi Minh City, Dong Nai, and Ba Ria – Vung Tau.
