The Conference on Investment Promotion for the Central Coastal Region of Viet Nam took place in Da Nang from 21 to 22 March. In attendance were more than 500 domestic and international delegates and guests. They included leaders of 9 central coastal localities, representatives of research agencies and experts, the World Bank, the Asia Development Bank, the American Chamber of Commerce in Viet Nam, the European Chamber of Commerce and Industry, the Australian Trade Commission in Viet Nam, and other international businesses.

The conference aimed at providing policy makers, leaders of the 9 regional localities, and prospective investors, with a forum to discuss and deal with difficulties and obstacles, as well as to seek opportunities to promote the region’s strengths via close connections and cooperation between its localities.

The Central Coastal Region has 6 economic zones and 54 industrial zones, 6 airports (including 4 international airports) and 12 sea ports.  Some are deep-water ports with high handling capacities such as Chan May, Tien Sa, Ky Ha, Dung Quat, and Vung Ro.  Many localities in the region have taken full advantage of their strengths, which has contributed to the region’s strong development in recent years.  The region has experienced an average growth rate of 11.6% over the period 2007 - 2012, which is higher than the national average growth rate of 5%.  Its GDP per capita reached over 30 million VND last year, an annual average increase of 23.5%.

The Ministry of Planning and Investment reported that, for the past six years, provinces and cities in the central coastal region have attracted more than 400 projects with a total registered investment capital of 23 billion USD, accounting for 56% of the total number of projects and 91% of the total registered investment capital in the region so far.  FDI into the service sectors of Thua Thien-Hue, Da Nang and Binh Dinh represented the highest proportions of FDI in each province/city.  For Quang Nam, Phu Yen and Khanh Hoa, most of the total investment capital was put into industry, with 52%, 50% and 60.95% respectively.

Dr Tran Du Lich, the Deputy Head of the National Assembly Delegation of Ho Chi Minh City cum Deputy Head of the Coordinating Board of the central coastal region, emphasised that the lack of collaboration for development between the region’s localities has contributed to a dispersal of their resources, and low efficiency.  Preferential policies applicable to each locality in the region are not synchronous, nor attractive enough for investors.  In addition, policies for economic zones and industrial parks are almost the same, so as not to promote the advantages of each model and lead to any unfair competitiveness against each other.  Even within a province/city, there is a competitiveness in attracting investment into its economic zones and industrial parks, which has caused a dispersal of resources.  Therefore, experts agree that it is necessary to promote collaboration in production and business activities in each province/city, and amongst the region’s localities.  In addition, it is important to upgrade the infrastructure, with priorities being to develop the strategic transport system, including highways, railways, seaports and international airports, linking together the 9 central coastal region’s localities.

Ngoc Thuy

 
 

 

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Da Nang City Portal
Copyright © of Da Nang People’s Committee. All rights reserved.
Licence No 91/GP-TTĐT dated 27 April 2010 issued by the Radio-Television and Electronic Information Management Department under the Ministry of Information and Communications.
Chief Editor: Mr Vo Duy Khuong, Standing Vice Chairman of Da Nang People’s Committee.
Working Office: Informatics and Gazette Centre, Da Nang People’s Committee Office.
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Da Nang City Portal
Copyright © of Da Nang People’s Committee. All rights reserved.
Licence No 91/GP-TTĐT dated 27 April 2010 issued by the Radio-Television and Electronic Information Management Department under the Ministry of Information and Communications.
Chief Editor: Mr Vo Duy Khuong, Standing Vice Chairman of Da Nang People’s Committee.
Working Office: Informatics and Gazette Centre, Da Nang People’s Committee Office.
Address: 31 Tran Phu Street, Hai Chau District, Da Nang City.
Email: toasoan@danang.gov.vn
Tel: (+84 511) 3826338, 3893777 ; Fax (+84 511) 3821286
Write Electronic Portal of Da Nang City or www.danang.gov.vn when you release information from this website