Vietnam Business Channel

Da Nang to prioritize tourism industry

Vietnam’s central city of Da Nang will prioritize the development of tourism and services associated with commercial real estate for resorts. This was one of the five key areas given in the Politburo’s newly issued Resolution 43 on the city’s construction and development by 2030.

According to the government resolution, Da Nang needs to have a policy focusing on developing five key sectors, including travel and high quality services associated with resort real estate; seaports and airports; high-tech industry associated with creative urban construction and start-ups; information technology, electronics and telecommunications associated with the digital economy; and high-tech agriculture and fisheries.

The resolution says the city must create a favorable investment and business environment, actively attract foreign-invested projects, promote socialization and build a mechanism to effectively mobilize domestic and foreign investments. The Politburo asked the city to focus on developing modern infrastructure to connect the city traffic system with neighboring, regional and international provinces by road, rail, sea and air.

In particular, there will be policies to develop Da Nang into a marine economic center, forming a logistics service supply chain in the central region with the city as a central hub.

In order to ensure competitiveness Da Nang must develop its high-tech park into a competitive, scientific and technological urban area in accordance with international standards. At the same time, it is necessary for the city to become a center for entrepreneurship and innovation in the Central Highlands region.

The resolution also requires the city to restructure the agricultural sector towards building a new countryside and developing high-tech agriculture. It must promote the development of large-scale commodity production and focus on products with competitive advantages and high economic value. The city must also focus on land management violations to protect the interests of organisations, individuals and sources of State budget revenue.

Finally, the resolutions says that the city should encourage enterprises from all economic sectors to develop telecommunications infrastructure, universalize services and develop modern public services.