Da Nang: The Sectors Attract Foreign Investment in 2017

Da Nang: The Sectors Attract Foreign Investment in 2017

Mr. Nguyen Ky Anh - Deputy Director of Danang Investment Promotion Agency (IPA) said that according to the latest statistics in the end of December 2017, foreign investors registered to invest US$ 118.4 million into the city.

Investment in Vietnam - The most attracted foreign investors are the high-tech industry (CNC), industry, real estate and education, Ky Anh said.

Accordingly, some typical projects may be mentioned: In the field of hi-tech industry, the project of sewing machine and its parts factory invested by Yamato Sewing Mfg Company (Japan) (High Tech Park) has total investment capital of US$ 28,527,000.

In 2017 Da Nang real estate continues to attract foreign investors' capital. Typical project is the garden tower of Sun Frontier Real Estate Corporation (Japan), the investment capital of US$ 27,271,201.

Investment in Education is becoming a bright spot in Da Nang city. In the year 2017, according to Mr. Ky Anh: Danang RMIT, a branch of (Australia)Vietnam RMIT University Co,.Ltd, has registered a total capital of US$ 1,320,000 to enter the Central market. There is also the Da Nang COHAS Kindergarten Project from JP Holdings Japan, which aims to provide services related to the care, education of children with the total investment of US$ 300,000.

Industrial production attracted 16 new projects with a total new licensed capital of US$ 24.3 million, including Bumhan Power Plant (Korean investor) - invested capital of $7 million; Fishing Tackle Factory (Japan) - invested capital of US$ 4 million; Precision mold factory to meet the requirements of manufacturing electronic components (Samoa), total investment of US$ 2.5 million ...

In order to take advantage opportunities after the APEC 2017 event and bring into full play its potential, Da Nang has identified 2018 as the Year to attract investment, according to Nguyen Ky Anh, promising to draw FDI inflows into areas which the city is encouraging.


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