Da Nang city attracts 23 investment projects in eight months

Da Nang (VNA) - Central coastal Da Nang city attracted 23 new
investment projects totalling 986.5 million USD in the first eight months of the year.

Of the amount, more than 614 million USD came from 18 foreign direct
investment projects. British Virgin Islands was the largest investor with two projects capitalised at 330 million USD.

Most of the newly-licensed projects involve real estate business and
manufacturing electronic components and headphones.

Da Nang city has so far had 90 FDI projects, worth almost 1.2 billion
USD in total. The FDI businesses account for one-fourth of the city's total
export revenues and between eight to 10 percent of the city's budget
collection. They play a major role in the city's industry, tourism-service
and seafood processing sectors.

To promote investment, Da Nang will continue to improve its
infrastructural facilities, simplify administrative procedures, offer
preferential investment policies, and settle remaining hindrances to
investors through regular dialogues.-Enditem