The project of Sunshine Aerospace Components Factory went into operation in the first quarter of 2020. (Photo:

In the first quarter, Da Nang attracted 4 domestic investment projects with a total investment of up to VND8.612 trillion, 4.72 times higher than the same period last year, bringing the total number of domestic investment projects so far to 335 with a total investment of more than VND112.6 trillion.

In the first 3 months of this year, although Da Nang attracted nearly USD83.5 million of FDI capital (only equal to 16.4% compared to the same period in 2019) due to COVID-19, the implementation of licensed FDI projects reported positive results, with investment capital of over VND1.793 trillion, an increase of 92.1% compared to the same period last year.

According to the city Department of Planning and Investment, among 1,100 newly established businesses, the number of businesses in most of Da Nang's strong areas decreased: including in trade, down 6.27%; accommodation and food services, down 26.79%; and construction, down 30.26%.

So far, Da Nang city has 30,750 businesses, branches and representative offices with a total registered capital of VND210.377 trillion./.

Compiled by BTA