Da Nang (VNA) - The central city of Da Nang has set targets of raising its industrial production value by 11-12 percent and the city’s 🍌industrial production index by 10.8 percent in 2016.

The city’s total retail sales and services are also projected to increase by 16-17 percent, and export turnover is expected to climb 15-16 percent. To fulfill these objectives, the municipal Department of Industry and Trade will put forth projects, programmes, plans and tasks while implementing the city’s economic restructuring project, among others, said Phan Van Kha, the department’s director. At the same time, Da Nang will organise more conferences connecting local businesses and their partners nationwide on a larger scale. The city will continue prioritising high-tech and support industries, especially major projects, the production of high-end consumer goods and products for export, and e-commerce. It will also pour investment into building modern trade infrastructure and improving the competitive edge of local businesses. Trade promotion activities will target markets with which Vietnam has signed free trade agreements and the Trans-Pacific Partnership (TPP) agreement, Kha said. Along with assisting local production and export businesses, Da Nang will increase inspections over the market and food hygiene. Other tasks include ensuring electricity supplies across the city and promoting trade commitments Vietnam has signed. Statistics released by the department showed that the central city’s industrial production value in 2015 is estimated at 41.5 trillion VND (1.8 billion USD), up 11.3 percent against the previous year. Meanwhile, the locality’s industrial production index increased by about 12.6 percent year-on-year. Export revenue stood at nearly 1.3 billion USD, up 15 percent compared with 2014. During the year, Da Nang attracted a total of 21 new industrial production projects worth 16.3 billion USD.-VNA