Da Nang to issue bonds for development
HA NOI (VNS)– Da Nang city plans to issue bonds to raise funds for socio-economic development this year.
City authorities said a VND5 trillion (US$240.4 million) bond issue was aimed to attract 4 million foreign and domestic tourists by 2015.
As part of a master plan put into operation last year, the city will build shopping centres, supermarkets, wholesale markets and entertainment places, plus a night market spanning Han market, Da Nang supermarket, Da Nang trade centre and Vinh Trung Plaza.
The plan aims to make the city a wholesale and retail centre in the region with 12.2 per cent of GDP by 2015 period. – VNS