Da Nang City recently issued a written request to implement the conclusions of the 11th City Party Committee meeting regarding the work situation of the first quarter and the key tasks of the second quarter of 2023 [source not found]. In line with this, the People’s Committee of Da Nang City has directed various departments, branches, and localities to diligently carry out the tasks outlined for the year 2023, which focuses on unlocking resources, attracting investment, and maintaining economic and social security [source not found].

One of the key priorities emphasized in the request is the promotion of investment attraction, with a particular focus on foreign direct investment (FDI) [source not found]. Da Nang City has requested the Investment Promotion and Support Board to develop the Master Program of the Danang Investment Forum 2023, as well as the Forum of Mayors of Danang Cooperation and Development Cities 2023, along with their corresponding side events, which are scheduled to take place in August 2023 .

These initiatives and directives aim to drive the development and growth of Da Nang City, transforming it into a smart city and integrating it into the network of smart cities in Vietnam and ASEAN by 2030 [1]. The city is committed to digital transformation, which is seen as a catalyst for its modernization, livability, and overall advancement [1]. Da Nang City aspires to become one of the top performers in digital transformation, information security, and e-commerce by 2030 .

By focusing on unlocking resources, attracting investment, and promoting its development agenda, Da Nang City aims to enhance its economic and social progress while actively engaging in the global digital transformation landscape.

Da Nang city will deploy many solutions to promote investment attraction.

As of March 15, 2023, Da Nang City has issued investment policy decisions and investment registration certificates for 4 domestic investment projects, with a total investment capital of 1,505 billion VND, reaching 56.9% compared to the same period in 2022. Additionally, 28 new foreign direct investment (FDI) projects were granted with a registered capital of 4.46 million USD, reaching 81.2% over the same period in 2022.

Da Nang City has attracted a significant number of FDI projects, accumulating a total of 980 FDI projects with a total investment capital of over $4,062 billion from 45 countries/territories around the world. These investments are primarily focused on industries such as manufacturing and processing, high-tech industries, electronics, precision mechanics, supporting industries, real estate, tourism, commerce, medicine, economics, education, information technology, and logistics.

To accelerate the implementation of key works and projects in the city during the second quarter of 2023, Da Nang City has emphasized the importance of studying and thoroughly applying the provisions of Decree No. 10/2023/ND-CP dated 3-4-2023, which amends and supplements a number of articles of the decrees guiding the implementation of the Land Law.

Da Nang City has set targets for the early completion of several key projects in 2023, including the Western Ring Road 2 (from Hoa Khanh Industrial Park to the route’s end intersection), the Center for Organ Transplantation and Stem Cell Transplantation (before May 19, 2023), the Center for Neurosurgery, Trauma and Plastic Burn (in July 2023), and the operation and exploitation of the Cam Le industrial cluster (in June 2023).

Furthermore, Da Nang City has tasked the Department of Planning and Investment with expediting the completion of the city planning dossier for the period of 2021-2030, with a vision to 2050, and submitting it to the Prime Minister for approval in the second quarter of 2023. The city is also focused on implementing solutions to ensure the disbursement of public investment capital plans, reviewing projects for eligibility to complete the capital allocation in the remaining public investment capital plan of 2023 by June 2023.

These efforts and initiatives reflect Da Nang City’s commitment to attracting investment, promoting economic growth, and completing key projects for the benefit of its residents and the overall development of the city.