Da Nang grants 15 new FDI projects, total capital of over 22 million USD

FDI capital invested in Da Nang City continues to show positive signs, when in the first quarter of 2024, Da Nang granted 15 new FDI projects, with a total capital of more than 22 million USD.

According to the Da Nang City Statistics Office, as of March 15, the City has granted investment certificates to 2 projects with domestic capital with a total newly registered capital of 1,228 billion VND. Of which, 1 project is located outside the industrial park with a registered capital of 1,168 billion VND; 1 project is located inside the industrial park with a registered capital of 60 billion VND.

Regarding attracting foreign direct investment (FDI), as of March 15, Da Nang city has granted 15 new projects with newly registered capital of 22.148 million USD.

The Da Nang City Statistics Office also said that the total social investment capital is estimated to reach 6,201 billion VND in the first quarter of 2024.

Of which, the state sector's investment capital in the first quarter of 2024 continued to maintain a stable growth rate of 5.0% over the same period in 2023 with a total capital estimated at VND 1,675 billion. Centrally managed capital is estimated at VND 334 billion; locally managed capital is estimated at VND 1,341 billion.

Some state-owned enterprises have high investment in the first quarter of 2024, such as Da Nang Rubber Joint Stock Company with the project to invest in expanding the Radial truck tire factory to increase capacity to 1 million tires/year; Da Nang Port Joint Stock Company with the project to invest in the yard behind bridge 4.5 Tien Sa Port; Da Nang Electricity One Member Co., Ltd. ...

In January 2024, KP AERO INDUSTRIES CO., LTD (Korea) invested in the project to build KP VINA Aviation Components Factory in Da Nang.

In the non-state sector, the value of realized investment capital of this sector in the first quarter of 2024 is estimated at 3,597 billion VND.

Some major projects to be implemented in 2024, expected to bring high implementation value in the city, include: CT3-CT7 Da Nang Times Square Tower project of Kim Long Nam Joint Stock Company; The Filmore apartment project of Filmore Real Estate Development Joint Stock Company; office combined with tourist apartments of Danapha Pharmaceutical Joint Stock Company; New Town High-class Commercial and Sports Service Urban Area project of New Town Development Company Limited; Fcomplex 3 building of FPT Urban Danang Joint Stock Company, etc.

For the foreign direct investment (FDI) sector, the realized investment capital of the FDI sector in the first quarter of 2024 is estimated at VND929 billion, an increase of 11.6% over the same period last year. Some enterprises with large investment values in the quarter include: Ngu Hanh Son Sea Tourism Joint Stock Company; Fujikura Automotive Vietnam Co., Ltd.; Nam Phat Hotel and Villa Co., Ltd.; Universal Alloy Corporation Vietnam Co., Ltd....

Regarding the business situation, in the first 3 months of 2024, Da Nang city issued new business registration certificates to 824 enterprises, branches and representative offices, with a total registered charter capital of more than VND 2,904 billion.

However, since the beginning of the year, 160 enterprises and affiliated units have completed dissolution procedures; 2,669 enterprises, branches and representative offices have temporarily suspended operations.

However, according to the Da Nang City Statistics Office, the optimistic signal is that the number of enterprises and affiliated units resuming operations increased by 17.8% compared to the same period in 2023. Up to now, in Da Nang city, there are 40,223 enterprises, branches and representative offices in operation...

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