Prominent signal of Da Nang’s Jan-Sep economic performance

VGP – Foreign Direct Investment (FDI) attraction is the spotlight in the central city of Da Nang’s economic performances over the recent nine months, according to the Municipal Department of Statistics Office.

October 05, 2019 8:26 PM GMT+7

A corner of Da Nang city

In the first nine months of 2019, total foreign investment inflows to the city reached US$533.7 million, of which newly-registered volume rose by eight times to US416.3 million compared to the same period last year, the Department reported.

Meanwhile, 11 existing FDI projects increased investment capital worth US$117.32 million, up 63 times against same period last year.

As of September 15, Da Nang was home to as many as 783 FDI projects capitalized at US$3.4 billion, said the Department.

The city also attracted VND3,247 billion in investment capital from domestic investors in four projects in the reviewed period, raising the total number of local investors’ projects to 326 with combined value of VND99,124 billion.

On trade, Da Nang’s export and import saw a year-on-year increase of 0.52% to US$2.217 billion, of which export value fetched US$1.251 billion, up 3.18%.

Also in the Jan-Sep period, Da Nang granted business registration certificates to nearly 4,000 enterprises, branches and representative offices with total charter capital of more than VND20,300 billion, raising the total number of firms, branches and representative offices in the city to 30,000./.

By Thuy Dung