At the Workshop, Mr. Hoang Thuy Duong – Vice Director of KPMG Viet Nam briefly introduced Viet Nam’s current socio-economic development, emphasizing the stable FDI inflows into the country since 2016. He also noted a shift in investment capital from industrial manufacturing and construction to hi-tech production and services.
Mr. Nguyen Ky Anh – Vice Director of Da Nang Investment Promotion Agency discussed Da Nang’s investment environment and potentials for business development in the city. According to Mr. Nguyen Ky Anh, Singapore was now the top investor in Da Nang with 24 projects and a total investment capital of more than 717 million USD. As of June 2018, Da Nang had 609 FDI projects in force and a total registered capital of more than 3.1 billion USD. According to Ms. Mai Thi Hai Chau, Deputy Manager of the Division of Foreign Economic Relations, Department of Planning and Investment, Da Nang currently called for investment into 9 key infrastructure projects including Lien Chieu Port, Solid waste treatment complex, new industrial park development, etc.
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.
*The Singapore Business Federation (SBF) is the apex business chamber championing the interests of the Singapore business community in the areas of trade, investment and industrial relations. It represents 25,800 companies, as well as key local and foreign business chambers. Under the SBF Act, all Singapore-registered companies with share capital of S$0.5 million and above are members of SBF.
(Hong Hanh)
