At the meeting, the delegates were presented an overview of Da Nang's investment environment and potentials as well as business and investment opportunities in the city. The two sides also discussed on such issues as conditions for land lease in industrial parks and commercial and service land rental for implementing education, production, real estate and housing projects; tax incentives, especially in the areas of high-tech and IT; the business situation of hotels, resorts, and apartments in Da Nang…
Ms Huynh Lien Phuong highly appreciated the Chinese entrepreneurs' interest in investment opportunities in Da Nang and suggested the delegation continue assisting IPA to promote the city to Chinese business community. Representing the delegation, Mr Wen Xinguo said that he was impressed by Da Nang's achievements and would like to contribute to further promoting friendship cooperation relations between China and Da Nang.
Currently, 19 local businesses have trade relations with China and 12 projects have been directly invested by Chinese companies with a total investment capital of US$6.22 mil. In 2016, the export turnover from Da Nang to China was estimated at US$22 mil and import from China reached US$210 mil (excluding Hong Kong and Taiwan).
IPA DANANG
