Da Nang invites Australian businesses to invest in the city

There are only 29 FDI projects of Australian enterprises investing in Da Nang , there is still much room for cooperation between the two sides, therefore, Da Nang City calls on Australian enterprises to continue investing in the City.

The Department of Tourism of Da Nang City and the Management Board of the High-Tech Park and Industrial Parks of Da Nang recently organized a Conference on Investment and Tourism Promotion of Da Nang City in Sydney (Australia).

According to Mr. Tran Phuoc Son, Permanent Vice Chairman of the People's Council of Da Nang City, by 2030, with a vision to 2045, Da Nang will focus on developing into one of the major socio -economic centers of the country and Southeast Asia.

In particular, the Vietnamese National Assembly passed a Resolution on implementing urban government and piloting a number of specific mechanisms and policies for the development of Da Nang.

These include priority policies related to investment management; planning, urban, resource and environmental management; priority industries to attract strategic investors to the City; investment in developing semiconductor chips, artificial intelligence, information and communication, science and technology management, and innovation.

Hue - Da Nang - Quang Nam tourism industry signed a cooperation agreement with the Western Sydney Tourism Association.

And for the first time, the National Assembly allowed the pilot establishment of the Da Nang Free Trade Zone.

To achieve those goals, Da Nang City focuses on attracting foreign direct investment, especially for the Australian market, in realizing the goals of comprehensive strategic partnership between the two countries.

“Da Nang City wishes to invite more Australian businesses to learn about, invest in, trade, tourism and live in Da Nang. We are committed to creating favorable conditions for Australian businesses to implement projects,” Mr. Tran Phuoc Son affirmed.

Currently, Da Nang has established cooperative relations with 3 Australian localities: Queensland State, South Australia State, Gold Coast City.

In the first 8 months of 2024, the total number of Australian visitors staying in Da Nang reached 71,445, accounting for nearly 2.4% of the total number of international visitors to Da Nang.

Regarding investment and trade, there are about 15 enterprises having trade relations with Australia and 29 Australian FDI projects investing in Da Nang with an investment capital of 13.9 million USD.

Investment and Tourism Promotion Conference organized by Da Nang City in Sydney.

The Investment and Tourism Promotion Conference was organized by Da Nang City in Sydney to promote the destination and introduce key investment projects and the city's tourism potential to corporations, airlines, and tourism businesses in Sydney.

Within the framework of the program, tourism promotion units in Central Vietnam signed a Cooperation Agreement with the Western Sydney Tourism Association focusing on contents such as providing information, supporting tourism research, exchanging resources on destination promotion, organizing working groups and coordinating in common initiatives.

According to Ms. Fazila Farhad, President of the Western Sydney Tourism Association, the signing of the cooperation agreement was carried out at a ripe time when tourism in Central Vietnam and the state of New South Wales wanted to enhance destination promotion and exploit the potential for tourism exchange by promoting direct flights through new airport projects such as the Western Australia International Airport, or the expansion project of Da Nang International Airport...

Previously, within the framework of the working trip to Australia of the city's leadership delegation led by Mr. Tran Phuoc Son, they also worked with the Queensland state government and Gold Coast City.

Source: https://baodautu.vn/da-nang-moi-goi-doanh-nghiep-australia-dau-tu-d224926.html