Danang gains more foreign investment

DANANG  Danang’s Investment Promotion Centre says tourist real estate remains a favourite investment target attracting 25 foreign direct investments worth USD1.8 billion.
The centre’s deputy director, Le Canh Duong, told local media that the 25 FDI projects in tourist real estate made up 54% of all FDI capital.
He said the city attracted 305 FDI projects worth USD3.37 billion, of which 174, worth USD2.19 billion, were in the service sector.
The city has so far developed 16 tourist property projects consisting of 749 villas, of which 609 are for sale and 140 for lease.
inside no 3“We have called for investments in service and hi-tech industries in a move to establish Danang as a hi-tech, environment and service city by 2020,” the deputy director said.
“Projects include the Han Market, a health screening centre and logistics centre, as well as support industries, commercial centre and retirement village,” he added.
The city expects the hotel room inventory to increase with 31 of 45 projects providing a collective capacity of 7,500 rooms.
Currently, there are 426 hotels with 15,465 rooms. Hotels of three-to-five-star hotels make up 71 with more than 7,260 rooms.
During January to September this year, 3 million tourists visited the city, an increase of 18.8% year-on-year. International arrivals expanded by 18.4% to 657,600, while domestic visits surged by 19.1% to more than 2.36 million.

sourced:ttrweekly.com