At the meeting, Mr. Hoang Thuy Duong – Vice Director of KPMG Viet Nam briefly introduced Da Nang’s current socio-economic development, emphasizing the stable FDI inflows into the city since 2016. He also noted a shift in investment capital from industrial manufacturing and construction to hi-tech production and services. Ms. Huynh Lien Phuong – Vice Director of Da Nang Investment Promotion Agency discussed incentive policies of Vietnamese government and especially Da Nang City’s government to encourage investment into projects in Da Nang Hi-tech Park, ICT, tourism, etc. In addition to tax incentive and land rents and infrastructure fee reduction, the city government also supports businesses to expedite administrative procedures, train labors, and secure loans from Da Nang Development Investment Fund. Successful investors in Da Nang expressed that Da Nang’s strategic locations, abundant tourism potentials, ideal living environment, and proximity to high-quality universities were among factors that drove them to the city. Nonetheless, shortage of labor remained a challenge that required companies to actively engage in training and recruiting to obtain a stable supply of talents for their long-term business prospects.

In the panel discussion, the participants raised questions and concerns regarding the city’s future development orientation, and obstacles that businesses face while operating in Da Nang. As a young and dynamic city, in the past few years, Da Nang has accomplished astounding achievements, become a green – clean – beautiful city, and an attractive destination for tourists and investors in Viet Nam.

Source Ipc.danang.gov.vn