Why Da Nang is a Place
for Setting up Business?
Da Nang is one of the
five major cities in Vietnam, having a geographical location that is
particularly conducive to rapid and sustainable economic development. Da Nang
has important transportation routes such as the China-ASEAN international
railway crossings, seaports and international airports.
Da Nang is one of the
tourist centers of the country, has rich tourism potential including natural
tourism resources and humanities. Da Nang has many famous scenic spots such as
Hai Van pass, Son Tra mountain, Ba Na hills, Ngu Hanh Son, Cham Museum or My
Khe beach have been voted by Forbes magazine as one of the six most beautiful
beaches in the world. These conditions are favorable for the development of
diversified forms of tourism such as travel, research, cultural.
Da Nang have
infrastructure development, four types of roads are popular: high way, rail
way, International airport and International sea way. Da Nang have the sea
lanes to most major ports in Vietnam and around the world. It helps investor
more convenient to travel everywhere in Vietnam and other countries. Moreover,
Da Nang’s water supply, electricity supply and communication system has
developed rapidly and is increasingly modernized, ranking third in the whole
country after Hanoi and Ho Chi Minh City. Da Nang have Da Nang Port, which help
investor in import/export activities easily.
The first advantage of the policy mechanism is that Da Nang has
also had great support the mechanism and policies for socio-economic
development of Da Nang. Since Da Nang was recognized as a national grade I city
in 2003, Da Nang has implemented guidelines, regulatory directions and the
issuance of specific regulatory mechanisms. With the support from the Central
Government, Da Nang authorities have also developed appropriate policies and
mechanisms to facilitate the development of the economy, such as the
one-stop-shopping mechanism, so Da Nang which is considered as a locality with
attracting investment policies in Vietnam. Examples: Procedures related to
investment, investment locations, clearance and handover plan, the granting of
business registration certificates and investment preference certificates shall
be carried out under the one-stop-shopping mechanism at the provincial
municipal all of them are resolved at Da Nang Administration Center. Investors
shall be exempt from all expenses related to the settlement of investment
procedures apart from the payment of business registration fees according to
the provisions of law. When investing in Da Nang, investors not only enjoy many preferential policy from city
government but also have chance to find clients from many countries or compete
with other companies in Vietnam and foreign countries.
Tradition of unity, consensus of people and the dynamism and
creativity of the leadership, these advantages has aroused, mobilized the
strength, the most important and decisive resource for the development of Da
Nang. The determination of leaders, city authorities in building programs,
projects with the support of the people, investors, enterprises, ect that help
investors who will invest in Da Nang have highest benefits.
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