An introduction to the city's investment climate. Da Nang for overseas Vietnamese

DNHN - The resources of overseas Vietnamese can help Da Nang city's social and economic growth, activities to get overseas Vietnamese to invest in Da Nang city will be stepped up. The State Committee on Overseas Vietnamese, which is part of the Ministry of Foreign Affairs, and the Committee on Overseas Vietnamese worked together. On August 12, 2022, Ho Chi Minh City held a "seminar to introduce overseas Vietnamese to the investment environment of Da Nang city."

The seminar was attended by Mr Ho Ky Minh, Vice Chairman of the Da Nang People's Committee, Mr Ngo Huong Nam, Vice Chairman of the State Committee for Overseas Vietnamese, Ministry of Foreign Affairs, Mr Phung Cong Dung, Chairman of the Committee on Overseas Vietnamese in Ho Chi Minh City, and representatives of leaders of some departments in the two cities of Ho Chi Minh City and Da Nang.

Aside from that, the seminar was also attended by people from 19 countries and territories in the United States, including Vietnamese associations, entrepreneurs, and businesses. They did this by using the Zoom platform to join the seminar online. Canada, Japan, Korea, China, Taiwan, Australia, Germany, Russia, Poland, Slovakia, UK, France, Italy, Belgium, Switzerland, Hungary, Thailand, and Mongolia.

At the seminar, the People's Committee of Da Nang City talked to businesses about areas of investment attraction, investment incentive policies, and key projects that need investment in Da Nang City. Overseas Vietnamese businesses in Da Nang shared their feelings and experiences when investing in this area.

Mr Ho Ky Minh, Standing Vice Chairman of the City People's Committee of Da Nang, stated at the start of the program that "Over the years, the city has gradually mobilized overseas Vietnamese experts and intellectuals to participate in various programs and projects, acting as a bridge to promote cooperation.

To help attract investment from overseas Vietnamese, the city has organized to welcome and work with overseas business delegations that come to learn about the investment environment; connect city businessmen with overseas businessmen; enlist the support of expatriates to organize domestic and foreign investment promotion events; and improve information about Party guidelines and policies, State laws, and policies and fields of investment ".

Da Nang, as a coastal city with an important geographical location, has been identified as the economic, political, and cultural centre of Vietnam's central region, the gateway to the Central region and from there to other locations in the region as well as neighbouring countries via a well-developed infrastructure system. Da Nang has set a goal of becoming a big, ecological, and smart city, a hub for business and innovation, and a livable coastal city by 2030, with a vision of 2045.

Overseas Vietnamese investment in Da Nang is increasing, and the scale of projects is expanding and developing, making an important contribution to the city's socioeconomic development while also affirming overseas Vietnamese trust in the Party and State's guidelines and policies, as well as the efforts and companionship of the city government.

However, the number of investment projects from abroad Vietnamese in Da Nang city is still insufficient to match the city's potential and strengths, as well as the global expansion of the overseas Vietnamese population.

The People's Committee of Da Nang City collaborates with the State Committee on Abroad Vietnamese and the Committee on Overseas Vietnamese to attract overseas Vietnamese resources to contribute to the building of the homeland and the country.

Ho Chi Minh City hosted a conference to present Da Nang's investment environment to abroad Vietnamese in 2022. "We believe that the seminar will be an opportunity for Da Nang city to share more about the policy of attracting investment to Vietnamese businesses abroad; thus, I hope that more and more overseas Vietnamese businesses choose Da Nang as a stopover for investment and business and as a bridge to support the city's connection with foreign investors around the world." - Mr Ho Ky Minh explained.

Mr Phung Cong Dung, Chairman of the Committee on Overseas Vietnamese in Ho Chi Minh City, stated at the conference: "Our compatriots abroad have become more and more important resources contributing to the development of the country, both in terms of economic resources, knowledge, and "soft" resources contributing to the country's development national brand and a bridge to establish friendly relations between Vietnam and other countries, particularly people-to-people relations."

The Municipal People's Committee of Da Nang presented enterprises to the sectors of investment attraction, investment incentive programs, and significant Da Nang city projects seeking investment during the seminar. Which, overseas Vietnamese businessmen are being invited to invest in seven key projects, including the Lien Chieu Port Project, a complex of financial, commercial, entertainment, casino, and high-class apartment buildings; the Danang Creative Space Project, the International Trade Center Project, an international hospital project, a nursing home project, and an international school project.

Vinatech Connect Company has been in business in Da Nang for about ten years. In the previous three years, the company has invited seven significant manufacturing companies from other countries to Vietnam to inspect and establish manufacturing firms, and three companies have entered Vietnam to operate, creating thousands of employment for people and auxiliary businesses.

Mr Bao Hoa, a representative of Vinatech Connect Firm, stated that the company picked Da Nang as its operation region due to the image of a "one-stop" system with high efficiency for the city and enterprises. Furthermore, transportation from industrial zones to international seaports is highly swift and convenient.

The COVID-19 pandemic has also forced a shift in human resources from tourism, restaurants, and hotels to manufacturing, and Da Nang has extended its hand to welcome a huge number of city employees back throughout the epidemic. This is an excellent opportunity to deliver an adequate supply of manufacturing manpower to businesses investing in Da Nang.

Mr Bao Hoa, an investor who has lived in Da Nang for over 12 years, feels that Da Nang is a fantastic choice for investor families and professionals when it comes to work and work. reside in this location Da Nang caters to all necessities, including living, career, and recreation, as well as domestic and foreign academic programs.

Phuoc Lap