The central city of Da Nang’s economy has continued to grow in the post-COVID-19 period, affirming its position as a leading tourist destination and an attractive investment environment.
A corner of Lien Chieu district in the central city of Da Nang. (Photo: VNA)
Da Nang (VNA) – The central city of Da Nang’s economy has continued to grow in the post-COVID-19 period, affirming its position as a leading tourist destination and an attractive investment environment.
According to the municipal Statistics Office, in the first eight months of the year, the city's revenue from accommodation and restaurant services surged 56.1% year-on-year to nearly 11.86 trillion VND (501 million USD).
The number of visitors who stayed overnight in the reviewed period was estimated at nearly 2.4 million, up 125.7% compared to the same period last year, of which foreign arrivals reached 221,000, an increase of 144.9% against the previous year. Total revenue from tourism was around 1.21 trillion VND, a year-on-year increase of 483.9%.
The city has held many major events aimed at attracting more domestic and foreign tourists in the post-COVID-19 period.
On tဣhe occasion of the National Day holidays, Da Nang welcomed around 60,300 visitors who arrived 🎉by air.
A series of activities were organised to lure holiday-makers such as Da Nang Golf Tourism Festival 2022, a street music programme, a Han river dance show, and an ethnic musical instrument show.
The district of Son Tra also inaugurated Man Thai mural street, which covers more than 1,200 sq.m, with an investment of 600 million VND to promote tourism in the locality.
According to Secretary of the municipal Party Committee Nguyen Van Quang, Da Nang is making preparations in terms of planning and infrastructure to welcome investment flows. In addition, the city's administration is striving to improve the business environment, simplify administrative procedures and shorten the process of selecting investors.
In June, the city successfully hosted the 2022 Da Nang Investment Forum which helped elevate the city's investment potential and opportunities for Vietnamese and foreign companies.
It is calling for investment in seven key projects, including 🌼Lien Chieu Port, Da Nang Creative Space, shopping malls, and International Nursing Home./.
The central city of Da Nang has planned to run its tourism-golf festival from August 29 to September 2, which entails the BRG Open Golf Championship Danang 2022 and a series of interesting sidelines events.
Da Nang always welcomes US enterprises to invest in the city, especially in hi-tech, Secretary of the municipal Party Committee Nguyen Van Quang has said.
The number of arrivals to tourist sites in the central city of Da Nang during the National Day holidays from September 1 to 4 is projected to grow 38% from the figure in 2019.
In the open period of 2022, the central city of Da Nang is recovering by focusing more on branded tourist real estate projects. Moreover, Da Nang continues to develop smart urban areas with the ambition to put the city into the map of a high-class living and resort urban area.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
A corner of Lien Chieu district in the central city of Da Nang. (Photo: VNA) 
