Friday, October 28 2016


Đà Nẵng invites investment

Update: July, 15/2016 - 10:00
The ship-building industry is a high-tech investment field that calls for investment from foreign investors. — VNA/VNS Photo Công Thanh
Viet Nam News

ĐÀ NẴNG — The central city promises to create smooth conditions and top priorities for Singapore’s investors in the fields of high-tech, information technology, renewable energy and high quality education.

Deputy chairman of the city’s People’s Committee Hồ Kỳ Minh made the statement in a seminar on ‘Investment Opportunities in Đà Nẵng’ in Singapore on Tuesday.

Minh said the city will make a strong commitment in building available infrastructure, administrative reforms, preferential treatment and skilled labour, for wooing investors from Singapore.

He said the city will boost transparency and publicity in offering preferential favours, labour cost and investment fee for investors.

Ricky Tan, CEO of Kinderworld Education Group, said Đà Nẵng is a potential destination for foreign investors in Việt Nam, and the group expected to expand investment in Đà Nẵng in the coming year.

The group, the biggest Singaporean investor in the education and training sector in Việt Nam, has invested US$40 million in the construction and operation of 15 training facilities in Hà Nội, Đà Nẵng, HCM City and Bình Dương.

It established the Pegasus International UniCollege (PIU) in Đà Nẵng in 2014, along with its KinderWorld International Kindergarten (KIK) and the Singapore International School (SIS) to provide a world class educational system from pre-school to university levels in the city.

Head of the representative office of the Bank for Foreign Trade of Việt Nam (Vietcombank) in the city, Vũ Thị Bích Thu, confirmed that the bank in co-operation with Đà Nẵng city is looking to create favourable financial support for Singaporean investors launching investment projects in Đà Nẵng.

According to the city’s investment promotion centre, Singapore has been the biggest investor in Đà Nẵng with 22 projects worth $782 million.

Đà Nẵng has attracted 410 foreign direct investment (FDI) projects with total $3.7 billion.

Businesses of foreign-invested projects earned a revenue of $766 million in 2015, of which $522 million was export turnover, creating over 48,000 jobs.

Last year, the city also organised investment promotion events in Japan and Germany.

As scheduled, the city, in co-operation with Vietnamese Businesses Union in Europe, will host a Europe Business Forum this August. — VNS


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