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Invest Danang 2017 Forum (IDF 2017): SDN actively contributes to the development of Da Nang city

On October 15th, at the Ariyana International Convention Center, Danang People's Committee organized the Invest Danang city 2017 Forum (IDF 2017) to introduce the city's development prospects with new investment opportunities as well as the specific investment incentive policies. SDN as a sponsor has participated and actively supported the forum.

Prime Minister Nguyen Xuan Phuc delivered speech at the forum. Source: SGGP Newspaper.

Prime Minister Nguyen Xuan Phuc attended and delivered speech. Attending the forum were leaders from ministries, sectors and localities; ambassadors of foreign countries in Vietnam and leaders of international organizations; Representatives of business organizations in APEC economies; investors, enterprises, banks and representatives of business associations in the country and abroad...

As the chairman at the conference, Prime Minister Nguyen Xuan Phuc appreciated the potential of investment attraction of Danang city and recommended the ministries to consider and consult the Government about the suggestions of Danang city.

The PM emphasized that Da Nang needs to have a strategy to take the lead in increasing economic strength and making benefits from economic development for the people; Developing Da Nang into a big city like Singapore which also has an area equal to Da Nang; Creating material capital, upgrading infrastructure: roads, seaports and airports; Promoting the financial system, improving capital productivity and scale, diversifying banking services; Strengthening efficiency of institution and state management capacity; Promoting the diversity of unique Asian cultures, making impression to tourists on a destination rich in cultural identity; Raising human capital, attracting talents of Vietnam and the world to Da Nang; Protecting environmental conditions, natural ecosystems, water quality ..., especially controlling wastes and wastewater.

The Prime Minister directed Danang to speed up investment in important infrastructure projects to settle important bottlenecks in cargo traffic such as Lien Chieu Port, Da Nang - Quang Ngai Expressway, relocation of railway station ...; The project of establishing important Tourist Zone in the Central, the project of establishing and supplementing Danang coastal economic zone into the master plan for development of coastal economic zones of Vietnam up to 2020, submitting to ministers to evaluate and consulting Government to consider and approve…

The PM also asked relevant ministries and agencies to study and propose the Government and the Prime Minister on appropriate mechanisms and policies to support Da Nang speed up the pace of completion and attract strategic investors into Da Nang Hi-Tech Park.

The Prime Minister asked Danang authorities to take the lead in forecasting labor demand and training labor to meet the needs of the market and investors, simultaneously creating open and transparent administrative mechanism, government being ready to talk, promoting the spirit of "3 companion - 5 support", being a reliable partner of enterprises and investors.

For investors, the Prime Minister suggested that there should be a long-term strategy which is timely implemented and true to the point of view that the government, the people and investors are winners together with the development of the city; Economic development associated with environmental protection, law enforcement, all for the benefit of community; Fully implementing labor regime; building a government of integrity, ‘so said so done’ and not creating unofficial costs.


Mr. Takeshi Kondo - General Director of Yusen Logistics Vietnam Co., Ltd received the investment certificate from Mr. Huynh Duc Tho - Chairman of the People's Committee of Da Nang city for project in Expanded Hoa Khanh IP. Source: SDN.

Within the forum, the Chairman of the Danang People's Committee handed over the investment registration certificate, the project investment studying agreement and the investment cooperation agreements, agreement/support of loan capital for 27 projects with investment capital / investment commitment / disbursement up to more than 35 trillion VND. In the group of FDI projects, Yusen Logistics Vietnam Co., Ltd. (Japan) has been honored to receive the investment certificate for Da Nang Yusen Logistics Center project in Expanded Hoa Khanh IP developed by SDN with a capacity of 100,000 tons of cargo through stock every year and investment capital of $ 5.1 million.


Mr. Vu Ngoc Anh - Chairman of the Management Board of Saigon-Danang Investment Corporation (on the left of Mr. Huynh Duc Tho) received medal for investors who have contributed to Danang City’s development and took photos with Mr. Huynh Duc Tho - Chairman of Danang People's Committee. Source: SDN.

At the end of the forum, Chairman of Danang People's Committee handed over medal to investors who contributed to Da Nang City’s development. It is estimated that by September 2017, Da Nang has attracted more than 400 domestic projects with total investment capital of more than VND 101 trillion and 525 foreign projects with registered capital up to $ 3 billion.

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