INVEST IN DANANG: SHOULD YOU DO IT?
Posted 16:23 Date 28/01/2021
Danang - a central city, located in the central region of Vietnam, is the largest city in the Central Highlands of Vietnam.

STRENGTH OF DANANG CITY

Danang - a central city, located in the central region of Vietnam, is the largest city in the Central Highlands of Vietnam.

With a key position in both socio-economic and defense-security aspects of the Central Highlands and the whole country, Danang is a sea city and a very important traffic hub for road, rail, sea and air. In recent years, Danang has actively invested in building infrastructure, improving the environment, improving social security and is considered "the most worth-living city in Vietnam". In 2018, Danang was selected to represent Vietnam in the Top 10 Best Places to Live Abroad voted by the Travel Magazine Live and Invest Overseas (LIO).

 

DEVELOPMENT ORIENTATION OF DANANG

According to the approval decision of the Prime Minister, the scope and boundary of the planning adjustment to 2030 and vision to 2050, Danang city includes 6 urban districts, 2 districts of Hoa Vang and Hoang Sa with total area of ​​nearly 130,000 hectares, of which the land area is nearly 100,000 hectares and 30,500 is the area of ​​Hoang Sa. The population is forecasted to be 2.5 million people by 2030. The set goal is to develop Danang into a modern national city, a central city, contributing to promoting socio-economic development in the Central Highlands regions; by 2050, Danang will have become a special city at the national level, towards an international urban and sustainable development.

 

THE ECONOMIC POTENTIALS OF DANANG

As a young, dynamic city, over the past years, Danang has constantly strived to achieve outstanding socio-economic achievements to become a green - clean - beautiful city, a famous tourist attraction and ideal destination for investors in the central region of Vietnam.

The first potential must be mentioned is the strategic geographical location of Danang. Danang is located in the middle of the country, the North borders Thua Thien Hue province, the South and the West border Quang Nam province, the East borders the East Sea. Danang is 765km from Hanoi to the North and 964km from Ho Chi Minh City to the South, connecting the rich Central Highlands through National Highway 14B and is the gateway to the sea of ​​the Central Highlands and Laos. The business and commercial centers of Southeast Asia and Pacific countries are within a radius of 2,000 km from Danang city.

The second potential is the marine potential. Danang has a coastline of about 92 km, a deep bay with Tien Sa seaport, a continental shelf territorial sea with a depth of 200 m, forming a large shallow water belt suitable for general marine economics development ​​and exchange with foreign countries. The coast has many beautiful beaches such as Non Nuoc, My Khe, Thanh Khe, Nam O, Lang Van ... with many interesting natural landscapes providing great values for tourism and resort development.

The third potential is Danang's infrastructure. In recent years, Danang has focused on building communication systems, highways, railways, international airports and international sea routes, creating favourable conditions to move to anywhere in the territory of Vietnam as well as other countries.

 

BENEFITS OF INVESTORS WHEN INVESTING IN DANANG

Danang converges the appropriate factors and is really a promising land for domestic and international investors with vision and strategy to invest in entertainment services, real estate, information technology, tourism, health, education.

Danang has been creating flexible policies, good environment to attract foreign investors to set up companies, build factories, develop business services. The determination of the leaders, the city government, the high consensus of the people in city development projects is a great advantage to help investors achieve the highest benefits when investing in Danang.

Environmental protection is th­e top concern of this green - clean - beautiful city. For the safe and long-term development of the citizens and enterprises, Danang has proposed many environmental protection policies and projects. This is one of the favourable conditions to assure safety and stability for investors in Danang.

Last but not least, the local security is one of the great benefits of investors. It can be said that Danang has excelled in maintaining security and order to ensure a stable and safe political and social environment for investors.

 

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