In the morning of March 20th, 2015, Mr. Phung Tan Viet, Vice Chairman of Danang People's Committee, hosted a Conference on Reviewing FDI Investment Promotion in Danang to evaluate the city's investment promotion activities in the past time and debate solutions on improving the FDI attraction into the city in the coming time. More than 60 representatives of related city departments and mass media agencies participated in the conference.
At the meeting, Mr. Lam Quang Minh, Director of Danang Investment Promotion Center, introduced briefly an overview of the current FDI attraction in the city, challenges to investment promotion and proposed solutions to improve the city's investment environment and appeal more FDI inflow to Danang. Up to now, Danang has attracted 321 FDI projects with a total registered capital of USD 3.4 billion and disbursed capital of USD 2 billion. Over the period of 2005 – 2009, FDI inflow to Danang increased dramatically, but from 2009 to present, due to the global economic recession and other subjective reasons, it did not live up to expectations. Leaders of related departments also recommended solutions to help the city draw more FDI such as strengthening the leadership of the city leaders and the cooperation among related departments in investment promotion, improving infrastructure of industrial zones, Hi-tech Park, and continuing administrative reforms,etc.
In conclusion, Vice - Chairman Phung Tan Viet emphasized that the establishment of ASEAN Economic Community by the end of 2015 would offer a great opportunity for Vietnam in general and Danang in particular to learn about FDI attraction experiences of the neighboring countries, creating a breakthrough in FDI attraction in the city. He also highly agreed with IPC Danang's draft report on Danang's investment promotion assessment, other remarks at the conference, and assigned specific tasks for each department to implement in the coming time.
Translated by Hong Hanh – IPC Danang
