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| The investment promotion seminar and working session between the Economic Development Office of Thuringia, Germany, and Da Nang’s Investment Promotion and Support Board (Photo: danang.gov.vn) |
At the seminar, Da Nang’s Investment Promotion and Support Board introduced Thuringia’s Economic Development Office to the city’s current investment landscape, highlighting foreign investors, including those from Germany, operating in Da Nang.
The board also outlined specific preferential policies and support measures stipulated in Resolution 136/2024/QH15, issued on June 26, 2024, by the National Assembly. This resolution focuses on the organization of urban governance and pilot implementation of special mechanisms to promote Da Nang’s development, aiming to attract investment resources from German partners.
During the meeting, Andreas Krey, Director of Thuringia’s Economic Development Office, expressed interest in marking the state’s presence in sectors targeted for investment in Da Nang. He requested more detailed information on enterprise categories, investment incentives and support policies to help the delegation assess opportunities and make informed investment decisions.
In recent years, Da Nang has prioritized efforts to enhance connections and promote investment, trade and tourism with Germany. From 2022 to 2024, Da Nang organized delegations to Germany to establish and strengthen cooperative relationships across multiple sectors.
As of October 2024, Germany has 11 active projects in Da Nang with a total investment of over USD10 million, primarily in services (restaurants, hotels, and transportation), IT and construction.
In 2023 alone, the trade volume between Da Nang and Germany reached USD27 million in exports and USD20 million in imports. Nearly 19,000 German tourists visited Da Nang in the same year. In investment promotion, Da Nang’s Investment Promotion and Support Board signed a memorandum of understanding with the German Business Association in Vietnam (GBA Vietnam)./.