Da Nang targets to attract USD7 billion of FDI by 2030

This is part of the city Party Committee Program 44-CTr/TU dated February 19^th which was issued to implement Politburo Resolution 50-NQ/TW on orientations for institutional and policy improvement, in order to increase the quality and efficiency of foreign investment cooperation until 2030.

Accordingly, the foreign-invested economic sector is considered an important component of the economy. It is encouraged and facilitated for long-term development, with healthy cooperation and competition with other economic sectors. Da Nang proactively attracts selective foreign investment, taking quality, efficiency, technology and environmental protection as its key assessment criteria.

By 2030, Da Nang aims to attract registered capital of USD 7 billion in FDI, including at least 1 corporation in the top 200 leading businesses in the world. It will also increase the number of enterprises using advanced technology, modern management and environmental protection by 100% compared to 2018.

Program 44-CTr TU includes 5 main contents, including completing institutions and policies to attract, managing and inspecting investment; innovating and improving the effectiveness of investment promotion; heightening the efficiency of State management over foreign investment; and strengthening the Party leadership, promoting the role of the Vietnam Fatherland Front and socio-political organizations in foreign investment./.