By 2030, Da Nang will have an economic growth rate of 9.5-10%/year.

Accordingly, Deputy Prime Minister Tran Hong Ha signed Decision 1287/QD-TTg dated November 2, 2023 approving the Da Nang City Planning for the period 2021 - 2030, with a vision to 2050, with the scope and boundary of the Da Nang City planning including the entire mainland territory of Da Nang City with a natural area of 1,284.88 km2.

Specific targets by 2030, in terms of economy, the economic growth rate reaches 9.5-10%/year and strives to reach 12%/year in the spirit of Resolution No. 43-NQ/TW dated January 24, 2019 of the Politburo, in which: agriculture, forestry and fishery sector increases by 2.5-3%; industry - construction increases by 10-10.5% (industry increases by 11.5-12%); services increase by 9.5-10%. Economic structure: agriculture, forestry and fishery accounts for about 1-2%; industry - construction about 29-30%; services about 61-62%; product taxes minus product subsidies about 8-9%.

GRDP per capita (current price) is about 8,000-8,500 USD.

By 2030, Da Nang's economic growth rate will reach 95% per year, picture 1. — By 2030, Da Nang will have an economic growth rate of 9.5-10%/year.

Developing Danang into a regional international financial center

According to the Plan, Da Nang will implement 7 key tasks including: First, restructuring and building a growth model towards adaptive transformation and suitable for the new development stage, attracting resources, adjusting appropriate investment structure, improving investment efficiency, enhancing the competitiveness of the economy, promoting administrative reform, building e-government, creating a foundation to enhance autonomy and resilience to external impacts.

Second, accelerating the growth rate of the industrial sector, especially high-tech industry and information technology, is oriented as one of the three pillars in the new period of Da Nang's economy.

Third, promote internal strength and geographical location advantages to develop service industries, focusing on tourism services and transportation and warehousing services; by 2030, turn Da Nang into one of the tourism, transportation, logistics and seaport centers of the country.

Fourth, focus on developing Da Nang into a regional international financial center, forming a duty-free zone, free trade zone, developing high-quality information technology and communication, healthcare, education and training services.

Fifth, promote restructuring of the agricultural sector, improve value, competitiveness and sustainable development.

Sixth, urban development planning is based on international standards and development principles of a modern city.

Seventh, ensure effective use of natural resources, water resources, biodiversity protection, environmental protection and climate change adaptation.

New material technology, nanotechnology become mainstream industry

Regarding the development direction of important industries and fields, in which, continue to develop tourism to become a spearhead economic sector, a high-quality tourism and service center, one of the high-class, green, smart sea and ecological resort tourism centers, organizing international conferences, events and festivals.

Focus on developing 3 groups of typical, main and complementary tourism products. Develop tourism with innovative thinking, combined with technology application and linked to nature, traditional culture and history.

Orientation of product/service quality to meet "high quality" standards in all types; priority given to developing high-end and super luxury product/service lines.

Regarding industry, build Da Nang into one of the country's high-tech industrial and supporting industrial centers. Specifically, develop high-tech industrial fields including: microelectronics technology, chip and semiconductor technology, precision mechanics, mechatronics, optoelectronics and automation; environmental technology, new energy technology; new material technology, nanotechnology, etc. to become the main industries.

Developing priority industrial sectors including: automobile industry; aviation industry; yacht industry; electronics industry, mechanical engineering; pharmaceutical and cosmetic industry; food and beverage industry in the direction of refined production and processing; fashion industry associated with model design and other high value-added processing and manufacturing industries. The average growth rate of the processing and manufacturing industry is over 12%/year.

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