Da Nang (VNA) – A webinar entitled “Invest in Da Nang 2020” calling for investment fromthe Republic of Korea (RoK) was recently held in the central cit✨y of🌃 Da Nang.
Chaired by Vice Chairmanof the municipal People’s Committee Ho Ky Minh, the event was attended by the KoreaTrade-Investment Promotion Agency (KOTRA) and businesses operating in the city.It was also accessible to RoK firms joining via the online platform. The RoK is among the keymarkets that Da Nang is seeking for investment, especially as it boastscapacity and experience in high technology and information technology (IT).They are two spearhead economic sectors that the city is striving to bolster,Minh said. The event was toimprove investment climate and opportunities in Da Nang against the backdropthat investment inflow from the RoK is shifting to Southeast Asia because ofCOVID-19. It also offeredchances for leaders of the city to answer investors’ queries on policies andincentives, as well as garner suggestions in an endeavour to improve the businessclimate and attract more RoK investors. Most of RoK firmsspoke highly of investment process and administrative procedures in investmentin Da Nang, said KOTRA Director in Da Nang Lee Sung-nyung. He said that Da Nangis currently among the smartest and most advanced cities of Vietnam, withvarious advantages in tourism, services, hi-tech industry and IT, among others. KOTRA will enhanceactivities to connect and support RoK business delegations to exploreinvestment chances in Da Nang in the coming time, he affirmed. As of November, theRoK had channeled more than 376 million USD into 233 projects in Da Nang,primarily in property, industrial production and services. The central city ishome to a total of 876 foreign investment projects worth 3.52 billion USD asof mid-November. Despite the adverseimpact of COVID-19, Da Nang successfully held three online investmentpromotions targeting the markets of Europe, the US, Taiwan (China) and Japan./.
The Da Nang Business Incubator (DNES), in cooperation with the Accelerator Lab (AccLab) in Vietnam, which is also part of the United Nations Development Programme (UNDP) global network of 90 AccLabs, has launched the Da Nang Circular Economy Hub and Boot Camp to support innovative projects in the city and central Vietnam.
HCM City should learn from other countries’ experiences in building a world-class science and technology park so that it can shift to a knowledge-based economy, speakers said at a recent conference in the city.
Foreign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Vietnam and seek to develop supply chains here, experts said.
Korean businesses investing in Vietnam can capitalise on preferential treatment under free trade agreements (FTAs) that Vietnam has signed to boost exports, an official has said.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
At the event (Photo: VNA) 
