Danang, Vietnam

Business Associations, Cooperatives, SME associations

Association	Activity
Name: VCCI, Da Nang branch Contact number:             +84-511-3821719       Address: 256 Tran Phu, Da Nang, Vietnam No. of Members: about 1000 members	To represent business community for the promotion and protection of the lawful, legitimate interests of the business community and employers in Central Highlands in domestic and  international relations To promote the development of enterprises, entrepreneurs, the cooperation among business entities and to offer assistance in trade and investment, economic and technological cooperation and other business activities of enterprises in Vietnam and abroad
Name: Young Entrepreneurs Association Contact number:             +84-511-3886962       Address: Xuan Thuy Str., Da Nang, Vietnam No. of Members:	To protect the rights and benefits of members who are young businessmen of Danang city To support young businessmen of Danang city in their business development, investment cooperation, knowledge enhancement, etc To be the forum providing and discussing information between young entrepreneurs and other organizations
Name: Da Nang Cooperatives Alliance Contact number:             +84-511-3897354       Address: 123 Phan Chu Trinh, Da Nang, Vietnam No. of Members:	To represent and protect the legitimate rights of cooperatives in Danang city To support and provide necessary services for the establishment and development of cooperatives and cooperatives unions To participate in buiding policies related to cooperatives To represent cooperatives and cooperative unions in the combination of the members with domestic and international organizations according to Vietnam laws.
Name: Danang Lawyer Association Contact number: +84-511-3871747/3866190 Address: 452 Ong Ich Khiem Str., Danang, Vietnam No. of Members: over 40000 members	To participate in building laws and researching legal science To disseminate laws to members, state officials and the city people To provide legislation consultancy services To Participate in some state management activities and research programs, projects at the request of state organizations
Name: Danang Small and Medium Enterprises (SMEs) Association Contact number: +84-511-3840354/2241176/3479456 – Fax: +84-511-3840354 Address: 208 Trung Nu Vuong Str., Hai Chau Dist., Danang, Vietnam No. of Members: about 200 members	To represent and protect legitimate rights and benefits of the members To support SMEs in seeking, expanding markets, developing their business To be the forum to discuss information and experience between SMEs

Economic Zones

Danang has a total of 6 economic zones and 1 High-tech Industrial Park

Economic Zone 1

Name: Da Nang Sea Product Service and Industrial Zone
Total area: 77,3 ha
Location (city/district): Son Tra District, 3.5 km from the city centre, 2.5 km from Tien Sa Sea Port and 18.5 km from Lien Chieu Sea Port.
Specificity/Specialty: The infrastructure such as water and electricity supply and the telecommunication network is ready for investment projects.
Type of industries: Sea products processing, Fishing port services

Economic Zone 2

Name: Hoa Cam Industrial Zone
Total area: 266 ha
Location (city/district): Cam Le District
Specificity/Specialty: The infrastructure such as water and electricity supply and the telecommunication network is under-constructing.
Type of industries: Electrical equipment, electronic products, machinery assembly, agro-processing industry, construction materials and furniture

Economic Zone 3

Name: Lien Chieu Industrial Zone
Total area: 307,7 ha
Location (city/district): Hoa Hiep Ward, Lien Chieu District with a total area of 373.5 ha, it is 15 km from the Danang International Airport, 25 km from Tien Sa Sea Port, 18 km from Song Han Port, close to Lien Chieu Sea Port and borders the southern end of the Hai Van Tunnel

Specificity/Specialty: The technical infrastructure such as water and electricity supply and the telecommunication network is ready for investment projects. Services for industrial production are ready to meet the demands of the investors.

Type of industries: Heavy industries such as steel, rubber, cement and chemicals, Building materials, machinery assembly.

Economic Zone 4

Name: Hoa Khanh Industrial Zone
Total area: 423,5 ha

Location (city/district): Hoa Khanh Ward, Lien Chieu District with a total area of 423,5 ha, 10 km from the Danang International airport, 20 km from Tien Sa Sea Port, 13 km from Song Han Port and 5 km from Lien Chieu Sea Port.

Specificity/Specialty: The infrastructure such as water and electricity supply and the telecommunication network is ready for investment projects.

Type of industries: Mechanical manufacture, assembly, electronics and garments. Agricultural, forestry and seafood processing and post-petrochemical products including packaging and plastics

Economic Zone 5

Name: Hoa Khanh Extended Industrial Zone
Total area: 326,52 ha
Location (city/district): Hoa Khanh Ward, Lien Chieu District, 10 km from the Danang International airport, 20 km from Tien Sa Sea Port, 13 km from Song Han Port and 5 km from Lien Chieu Sea Port.
Specificity/Specialty: The technical infrastructure such as water and electricity supply and the telecommunication network is ready for investment projects. Services for industrial production are ready to meet the demands of the investors
Type of industries: Electrical equipment, electronic products, textile, agro-processing industry, construction materials with limited capacity

Economic Zone 6

Name: Da Nang Industrial Zone
Total area: 50 ha
Location (city/district): Son Tra district, , 6 Km to the south of Tien Sa port, 5 km to the east of Da Nang International Airport and 2 km from the center of City
Specificity/Specialty: The infrastructure such as water and electricity supply and the telecommunication network is ready for investment projects.
Type of industries: Textile and Garment (except dyeing), leather products, electrical equipment and electronic products, food and fruit juice processing, industrial product processes, handicrafts and furniture, plastic product, services for commerce and investment.

Industrial Park

Name: High-tech IP

Total area: 1,000ha

Location: Nhon Hoa commune, Hoa Vang District
Specificity/Specialty: information technology and communications, biotechnology, new materials technology, automation technology, space technology, precision engineering technology.
Type of industries: High-tech manufacturing, research center, technology training centers and human resource development.

Financial Service

Banking, financing, insurance services are increasingly developed in Danang to meet a wide range of business ventures and investment. Most of the major banks and financial companies of Vietnam have branches in Danang. There are about 59 banks and bank branches with 230 offices, 30 insurance companies, 14 auditing companies in Danang now. Some branches of foreign banks and international insurance companies are now operating effectively in the city. These services are continuously being upgraded to satisfy investors’ needs.

Main Financial Institution for loans:

The State Bank of Vietnam – Branch in Danang city – Address: 48 Tran Phu Str., Danang – Tel: (84.511) 3821055 – Fax: (84.511) 3821128	SCB (Saigon Commercial Bank) – Branch in Danang – Address: 256 Tran Phu St., Danang – Tel:  (84 511) 3565544 – Fax: (84 511) 3565599
VIETCOMBANK (Joint Stock Commercial Bank for Foreign Trade of Vietnam) – Branch in Danang – Address: 140-142 Le Loi St., Danang – Tel: (84.511) 3822110 – Fax: (84.511) 3826062	TECHCOMBANK – Branch in Danang – Address: 244-248 Nguyen Van Linh St. – Tel: (84.511) 3650118 – Fax: (84.511) 3650319 – E-mail: [email protected]
BIDV (Bank for Investment and Development of Vietnam) – Branch in Danang – Address: 90 Nguyen Chi Thanh St., Ðà N?ng – Tel: (84.511) 3821703 – 3837602 – Fax: (84.511) 3827963 – E-mail: [email protected]	MILITARY BANK – Branch in Danang – Address: 56 Dien Bien Phu St., Danang – Tel: (84.511) 257999 – Fax: (84.511) 257889
VIETINBANK (Joint Stock Commercial Bank for Industry and Trade of Vietnam) – Branch in Danang – Address: 172 Nguyen Van Linh St., Danang – Tel: (84.511) 3824293 – Fax: (84.511) 3810388 – E-mail: [email protected]	VIET A BANK – Branch in Danang – Address: 33 Hung Vuong St., Danang – Tel: (84.511) 3821780 – Fax: (84.511) 3823369
AGRIBANK (Agricultural and Rural Development Bank) – Branch in Danang – Address: 23 Phan Dinh Phung St., Danang – Tel: (84.511) 3821168 – Fax: (84.511) 3810577	SOUTHERN BANK – Branch in Danang – Address: 337 Le Duan St., Danang – Tel: (84.511) 3750986 – Fax: (84.511) 3750987
Financial Leasing Company II – Agricultural and Rural Development Bank in Danang – Address: 14 Nguyen Tri Phuong Str., Danang – Tel: (84.511) 3646911 (3 lines) – Fax: (84.511) 3646634	SHB – Branch in Danang – Address: 89 Nguyen Van Linh St., Danang – Tel: (84.511) 3584395
MARITIME BANK – Branch in Danang – Address: 15 Le Duan St., Danang – Tel: (84.511) 3825019/3825804 – Fax: (84.511) 3886327	AB BANK (An Binh Bank) – Branch in Danang – Address: 179 Nguyen Chi Thanh Str., Danang – Tel: (84.511) 2225262
EXIMBANK (Vietnam Export Import Bank) – Branch in Danang – Address: 48 Tran Phu St., Danang – Tel: (84.511) 3830889/3826676/3826673 – Fax: (84.511) 3826640	MHB (Mekong Housing Bank) – Branch in Danang – Address: 129 Le Loi St., Danang – Tel: (84.511) 3817821 – Fax: (84.511) 3817823
ACB (Asia Commercial Bank) – Branch in Danang – Address: 16 Thai Phien St., Danang – Tel: (84.511) 3897806 – 3897886 – 3897963 – Fax: (84.511) 3897883 – Website: http://www.acbbank.com.vn	Vietnam Bank for Social Policies – Branch in Danang – Address: 127 Quang Trung St., Danang – Tel: (84.511) 3893409
DONG A BANK – Branch in Danang – Address: 51 Nguyen Van Linh St., Danang – Tel: (84.511) 3582971 – Fax: (84.511) 3562744	VP BANK  – Branch in Danang – Address: 135 Phan Chu Trinh St., Danang – Tel: (84.511) 3821486
SACOMBANK (Saigon Thuong Tin Bank) – Branch in Danang – Address: 202 Hoang Dieu St., Danang – Tel: (84.511) 3582616 – Fax: (84.511) 3582613	VID PUBLIC BANK – Branch in Danang – Address: 02 Tran Phu St., Danang – Tel: (84.511) 3826801/3826802 – Fax: (84.511) 3826800
Vietnam International Commercial Bank (VIB Bank) – Branch in Danang – Address: 189 – 193 Nguyen Van Linh Str., Danang – Tel: (84.511) 3653171 – Fax: (84.511) 3652741	VINASIAM BANK – Branch in Danang – Address: 31 Phan Chu Trinh St., Danang – Tel: (84.511) 3840555
SAIGON BANK (Saigon Bank for Industry and Trade) – Branch in Danang – Address: 169-171 Nguyen Van Linh St. – Tel: (84.511) 3652494 – Fax: (84.511) 3652491	Eastern Bank – Branch in Central Vietnam – Address: 05 Dong Da Str., Danang – Tel: (84.511) 3887825 – Fax: (84.511) 3887898
South East Asian Bank (SeaBank) – Address: 23 Nguyen Van Linh Str., Danang – Tel: (84.511) 3584360	VIET THAI joint venture Bank – Address: 31 Phan Chu Trinh Str., Danang – Tel: (84.511) 3840555 – Fax: (84.511) 3840554
Global Petroleum Bank (GP Bank) – Branch in Danang – Address: 115 Dien Bien Phu Str., Danang – Tel: (84.511) 3720888 – Fax: (84.511) 3720887	NAM VIET Commercial Joint Stock Bank (NAVIBANK) – Branch in Danang – Address: 99 Nui Thanh Str., Danang – Tel: (84.511) 3631669

Infrastructure Facilities

Danang has achieved the fastest rate of infrastructure development in Vietnam. For the past decade, it has used internal and external forces to be well on the way to a green, clean and beautiful city, for which it has received national recognition.

Danang Port – the third largest commercial port in Vietnam after Saigon and Haiphong

Danang International Airport – one of the three best airports in Vietnam. addition to domestic flights, there are weekly flights from Danang to Singapore and Bangkok. Flights to Hong Kong, Japan and South Korea will be operating in the near future. At the moment, Danang International Airport is being expanded along with building a new terminal to meet the increasing demands of passengers and cargo transportation.

Road system – The communication system inside and outside the city is being continually expanded and newly built. Many large construction projects are in use or in the completion stage including major streets; the Hai Van Pass Tunnel; and the Song Han, Tuyen Son and Thuan Phuoc bridges.

Post and Telecommunications – Danang is one of the three major national post and telecommunications centres. It has an international marine optical fiber cable station (SE-ME-WE 3); and an international transmission line with a speed of 355 Mbps and the top quality of ASEAN countries.

Power and water supply
Power for production and domestic use in Danang is supplied by the national electricity grid through the north-south 500KV high voltage line. The existing capacity of the Danang Water Plant is over 80,000m3 per day. A new plant is now under construction with a capacity of 120,000m3 per day, ensuring about 210,000m3 per day in the coming time.

Insurance Service

Main Insurance Company

BAO VIET DANANG Address: 97 Tran Phu St., Danang Tel: (84.511) 3821260 / 3812322 Fax: (84.511) 3821601 E-mail: [email protected]	PRUDENTIAL – Rep. Office in Danang Address: 244-248 Nguyen Van Linh St., Danang Tel : (84.511) 3650240 Fax : (84.511) 3650320
BAO MINH – Branch in Danang Address: 166-168 Nguyen Van Linh St., Danang Tel : (84.511) 3691091 Fax : (84.511) 3835797	MANULIFE – Rep. Office in Danang Address: 8th floor, Vinh Trung Plaza, 255 – 257 Hung Vuong St., Danang Tel: (84.511) 3887018 Fax: (84.511) 3887028
AAA ASSURANCE – Branch in Central Vietnam Address: 87A Le Ðinh Duong, Danang Tel: (84.511) 3584 555 Fax: (84.511) 3584 444	DAI-ICHI LIFE – Rep. Office in Danang Address: 3rd floor, Hanoi Tourist Building, 10 Hai Phong St., Danang Tel: (84.511) 3 650 860 Fax: (84.511) 3 650 861
PIJICO (Petrovietnam Insurance Joint Stock Corporation) – Branch in Danang Address: 54-56 Nguyen Van Linh St., Danang Tel: 84 511 3896896 Fax: 84 511 3895890	ACE LIFE  –  Rep. Office in Danang Address: 102 – 104 – 106 Nui Thanh St, Danang Tel: (84.511) 37 97 999 Fax: (84.511) 37 97 997
AIA ASSUARANCE – Rep. Office in Danang Address: 2nd floor, Eximbank Building, 48 Tran Phu St., Danang Tel :  (84.511) 3810464 – Fax : (84.511) 3810460	LIBERTY INSURANCE –  Rep. Office in Danang Address :   2nd floor – Savico Building – 66 Vo Van Tan, Danang

Investment Opportunities

In the first half of this year, Danang attracted US$2.7 billion of foreign direct investment committed into 175 projects. Total FDI in the province_profile: 3,2 billion USD – 196 FDI projects (accumulated to March 31st, 2011).

Land price (tentatively)

1 year period 10 years period 20 years period 30 years period >40 years period

0.60 usd/m2/nam 055  usd/m2/nam 0.50 usd/m2/nam 0.45 usd/m2/nam 0.40 usd/m2/nam

Type of business/industry (ies) mainly targeted

INDUSTRY

High-tech industries Software production Telecommunication equipment production Personal computer/peripheral, office equipment production Optoelectronics Combinational circuit, semi conductors Precision mechanics: production of scientific equipment (medical equipment, precision measurement equipment, optical tools, etc.) Biotech applied industries for agriculture, food processing and pharmaceuticals, and environment friendly products, etc. New materials production Environment protection equipment Energy industry Space industry serving natural disaster and weather forecast, etc. Other high-tech industries Supporting industry Processing industry Other industries

SERVICES
Tourism Real estate Trade Public health Education and training	Seaport and airport logistics Banking and finance Postal services Information and media Insurance	Freight forwarding & transportation Technical transfer & investment consultancy Corporate support Other services

Below is the list of projects you can invest into!!!

No.	Project	Invested Capital	Scope
1	Energy drink manufacturer	100 foreign investment	Industry
2	Kids first project	35.000 USD (100 foreign investment)	Industry
3	Phuong nam electric motor and bicycle assembly factory	3.125 million dollars	Industry
4	China commercial area	45,000 dollars	Materials
5	Mobile phone assembly factory		Industry
6	Gio Nga Co. Ltd		Industry
7	Software park	30 million dollars	Industry
8	Computer assembly manufacturer.	20,000 products / year	Industry
9	Manufacture and assemble civil electrical and electronic products	500,000 products / year	Industry
10	Manufacture and assemble refrigeration equipment	5 million dollars	Industry
11	Field of industry	50-10 million dollars	Industry
12	Produce electrical cable of various kinds	25 million dollars	Industry
13	Manufacture shipbuilding electrical cable	9.5 million dollars	Industry
14	Manufacture fiber optic cable	8 million dollars	Industry
15	Produce and assemble specialized medical electronic equipment ( blood pressure apparatus, cardiograph )	10 million dollars	Industry
16	Produce high-grade decorative lamp of various kinds	5 million dollars	Industry
17	Produce peripheral devices for computer ( printer, scanner)	35 million dollars	Industry
18	Manufacture and assemble digital devices.	15 million dollars	Industry
19	Produce circuit board for electrical and electronic industry	10 million dollars	Industry
20	Produce electric motors	9.5 million dollars	Industry
21	Cultivate and process export mushroom	600 tons of fresh mushrooms / year	Industry
22	Process export aquatic product	5,000 tons / year	Industry
23	Breed and process poultry	15 million dollars	Industry
24	Produce plastic products	5-8 million dollars	Industry
25	Produce plastic formwork	1.6 million dollars	Industry
26	Manufacture soundproof, heatproof material	5 million dollars	Industry
27	Produce leatherette ( simile ) and rubberized cloth	10 million dollars	Industry
28	Produce water pipe reinforced by fiberglass	7000-10000 tons / year	Industry
29	Manufacture motorcycle accessories	3-5 million dollars	Industry
30	Produce medical equipment and materials	250 tons / year	Industry
31	Produce medical gloves	3 million	Industry
32	Manufacture sports apparatus	500,000 products / year	Industry
33	Soot manufacturing	40 million dollars	Industry
34	Produce perfume and high-grade cosmetic	3-5 million dollars	Industry
35	Produce soda	5 million dollars	Industry
36	Manufacture adhesive of various kinds	1 million dollars	Industry
37	Manufacture soldering stick	1,000 tons / year	Industry
38	Manufacture reflected light materials for traffic	5 million dollars	Industry
39	Manufacture kinds of equipment and tools for agricultural production.	2-5 million dollars	Industry
40	Manufacture mainframe equipment and accessories (lathe, mill, planer, grinder…)	50-10 million dollars	Industry
41	Manufacture metal accessories for civil porcelain factory (valve, tap…)	5-7 million dollars	Industry
42	Manufacture metal mold	2-5 million dollars	Industry
43	Produce civil inox	600 tons / year	Industry
44	Manufacture ventilation system in industry.	4 million dollars	Industry
45	Produce household metal products	300 tons / year	Industry
46	Produce standard screw	5 million dollars	Industry
47	Build boat with FRP	3 million dollars	Industry
48	Produce standard screw	5 million dollars	Industry
49	Garment industry	3-5 million dollars	Industry
50	Export footwear production.	3-5 million dollars	Industry
51	Export silk production	500,000 meters per year	Industry
52	Knitting factory	5,000 tons / year	Industry
53	Synthetic factory	50-70 million dollars	Industry
54	High-quality cloths production	50-30 million dollars	Industry
55	Synthetic factory	50-70 million dollars	Industry
56	High-quality cloths production	50-30 million dollars	Industry
57	Antibiotic production meeting the GMP standard	5 million dollars	Industry
58	Export handicraft production	1-2 million dollars	Industry
59	High-quality carton packing production	2 million dollars	Industry
60	High-quality stationery production	1 million products / year	Industry
61	Senior trade center	10 million dollars	Industry
62	Apartment for low-income people	10 million dollars	Industry
63	International trade exhibition	15 million dollars	Industry
64	Sports service center	40 million dollars	Industry

Logistic Provider

Da Nang City is an important logistics hub of the Central Region, Western Highlands and Vietnam. It has an international airport, deep-water seaport, north-south land routes and railways to support economic activities, investment and tourism.

Major Logistic Company	Type of activities/services
Name:  VIETFRACHT Da Nang (Transport and Chartering Joint Stock Company) Contact number:  Tel :+84 – 511.3573113/ 3823538 Address:  113 Hoang Van Thu Str. – Hai Chau Dist., Danang city – S.R Vietnam	– Container and Transportation – Shipping Agency – Shipbrokering & Chartering – Sea/ Land/ Air freight Forwarding – Total logistics
Name:  Foreign Trade Freight Forwarding and Warehousing Company Limited (VIETRANS) Contact number: (0511) – 3704094 Address:  lot A – 192B, 30/4 Street, Hai Chau District – Da Nang	Known as VIETRANS, is an International Freight Forwarder under the Ministry of Industry and Trade. It specializes in freight forwarding, transportation and warehousing of all imports and exports in and out
Name: Vinatrans Danang- International Freight Forwarding Company Contact number:  +84.511.897774 Address:  184 Tran Phu Street, Hai Chau District, Da Nang city, Vietnam	Airfreight/ Express Courrier, Shipping service, LCL consolidation, Landing Transport and other related services
Name: International Freight Forwarders Company (INTERLINK) Contact number: +84-511-3631043, Fax: +84-511-3631044 Address: 146 2/9 Str., Hai Chau Dist., Danang city, Vietnam	– Picking up/delivery to/from factory. – Warehousing or storage. – Palletising, barcoding, labeling, packing, crating services for a variety of commercial cargoes, plant cargoes, household goods. – Stuffing and Loading into container / devanning. – Customs brokerage. – Documentation service. – Cargo Insurance – Door-delivery ex arrival Port of discharge to final address
Name: International M&P Trading Services Co., Ltd Branch in Danang Contact number: +84-511-3817949 Address: 127 Nguyen Chi Thanh Str., Hai Chau Dist., Danang city, Vietnam	– Import and export goods forwarding – Goods consignment
Name: Thai Minh Joint Stock Company – Branch in Danang (THAMICO DANANG) Contact number: +84-511-33552781/3552782, Fax: +84-511-3552780 Address: 155 Trung Nu Vuong Str., Hai Chau Dist., Danang city, Vietnam	– Sea freight and air freight – Door to door transportation – Custom procedures services – Warehouse renting – Shipping agency
Name: Weixin cargo services Co., Ltd Contact number: +84-511-3631550 Address: 3 Phan Thanh Tai Str., Hai Chau Dist., Danang city, Vietnam	– Goods forwarder – Custom procedures services – Import – export procedure services
Name: VIETLINK Co., Ltd Contact number: +84-511-3888035 Address: 98 Nguyen Thi Minh Khai Str., Hai Chau Dist., Danang city, Vietnam	– Multimodal transport – LCL consolidation – Custom services – Warehouse services – Container agency – Transport consultation
Name: SDV Vietnam Co., Ltd – Branch in Danang Contact number: +84-511-3653839 Address: 189 Nguyen Van Linh Str., Hai Chau Dist., Danang city, Vietnam	Transportation and forwarding services
Name: Nam Tuan Co., Ltd Contact number: +84-511-3826841/3810095 Address: 31 Quang Trung	Transportation and forwarding services
Name: Everich Co., Ltd – Branch in Danang Contact number: +84-511-3691646 Address: 162 Nguyen Van Linh Str., Hai Chau Dist., Danang city, Vietnam	– Import – export goods forwarding – Multimodal transportation – Trade brokage services – Custom services – Goods packaging – Warehouse services – LCL consolidation
Name: Danang International Forwarding and Trade Co., Ltd Contact number: +84-511-3896070/3886179, Fax: +84-511-895589 Address: 39 Tran Quy Cap Str., Hai Chau Dist., Danang city, Vietnam	– Sea freight – Multimodal transportation – Inland haulage – Warehousing
Name: Central Container Co., Ltd (VICONSHIP DANANG) Contact number: +84-511-3834232/3822922, Fax: +84-511-3826111 Address: 75 Quang Trung Str., Hai Chau Dist., Danang city, Vietnam	– Shipping agency – Multimodal transportation – Maritime brokerage service – Container repair

Macro Economic Indicators

Danang has enjoyed 10 years of exponential economic growth and is a key player in Vietnam’s endeavours to be one of the most stable and resilient world economies.

Ðà Nang is the leading industrial center of central Vietnam. Danang is one of the national economic, cultural, scientific and technological centres, especially of the central region and the Western Highlands. During the past years, it has had continuous and stable economic growth in line with progress in social life, advanced infrastructure and better urban planning. GDP grew at an average rate of 12.47% in the period 2001-2006 and at 11.04% in 2008.Its GDP per capita was 19 million VND in 2007, one of the highest in Vietnam (after Ho Chi Minh City, Hanoi, Binh Duong Province, and Dong Nai Province). By 2009, this had increased to 27.3 million VND. Ðà Nang has been leading the Provincial Competitiveness Index rankings in 2008, 2009, and 2010 (and was second after Binh Duong Province in the three years before that), benefiting mostly from good infrastructure, good performance in labour training, transparency, proactive provincial leadership and low entry costs.

MAIN ECONOMIC DEVELOPMENT TARGETS

	2006-2010	2010-2020
Average GDP growth rate	11-12%	12-13%
Average CPI	US$2,000	US$4,500 – 5,000
Export revenue increase	23-25% p.a	23-25% p.a
Annual population growth rate	0.03%.	1%
Annual job creation	32,800	32,000 – 35,000

Trade Potential of Da Nang Province

In recent years, trade and import-export activities of the city have progressed significantly. Import-export turnover has increased continuously with an annual average growth rate of 10.37% in the period 1997-2006. The total export turnover of goods and services of the city in 2008 reached US$905.11 million, an increase of 19.6% compared to that of 2007.

Major export products are textiles, garments, woodchips, seafood, children’s toys, fine-arts products, etc. Closely following the guidelines of actively expanding markets with multilateral economic relations, and positively penetrating traditional markets as well as developing new ones, products made in Danang are exported to more than 90 countries and territories worldwide. In addition, much attention has been paid to improving trade relations between Danang and countries along the East West Economic Corridor.

Investments of Laos and Thailand in Danang (as of Sept. 2011)

Company	Country	Inv. form	Committed capital (US$)	Line of business
Champa Ltd.	Laos	JV	750,000	Development & operation of hotel, restaurant & related facilities
Minh Viet Thai JSC	Thailand	100% of Thailand	625,000	Production of building materials
TLI Vietnam	Thailand	100% of Thailand	10,000	Design, development , maintenance of golf courses, swimming pools, tending landscapes

Source: IPC Danang

Export Turnover (US$ million) 

Company	2007	2008	2009	2010	2011
Danang – Thailand	0.533	4.308	3.046	2.102	0.241
Danang – Laos	13.000	22.508	18.613	21.843	19.881
Danang – Myanmar	0.811	1.878	2.084	1.878	0.916

Import Turnover (US$ million)

Company	2007	2008	2009	2010	2011
Danang – Thailand	12.000	13.727	41.600	12.192	6.503
Danang – Laos	–	–	–	–	–
Danang – Myanmar	–	–	–	–	–

Exported ProductsSource: Danang  Dept. of  Industry and Trade

	Existing exports	Potential exports
Danang – Thailand	Rubber tyres, fine-art handicrafts, wooden furniture, coffee	Seafood, cotton garments
Danang – Laos	Rubber tyres, buiding materials, petrol, plastic beads	Garments, food, home-ware
Danang – Myanmar	Rubber tyres, garments, fine-art handicrafts (bamboo)	–

Imported Products

	Existing exports	Potential exports
Danang – Thailand	Plastic beads, chemicals, consumer goods, paper, synthetic rubber, garment accessories,	Electrical products, high-quality plastic goods, fruits, spandex garments,
Danang – Laos		Alcohol from sticky rice, wooden products
Danang – Myanmar		Fine-art handicrafts

 

Source: Danang  Dept. of  Industry

Opportunities in Tourism

Danang is favored by nature, situated in the middle of the three world cultural heritage sites including the ancient capital Hue, the ancient town Hoi An and the holy land My Son. Such the position highlights the Danang’s role in Central Vietnam. This is the place for welcoming, serving and being the entrepot for tourists. Not only at the central point of the three world cultural heritages, Danang City has also lots of attractive spots which tourists feel unforgettable after visiting the city.

Number of visitor arrivals to Danang (2007-2011)

Source: Danang Dept. of Culture-Sports & Tourism

Abundant Tourism Potentials

Hai Van Pass

Area: 10,850 ha (9,764 ha of forest and forest land)
Length: 12 km
Hai Van tunnel: 6km – The longest tunnel of the Southeast Asia

Marble mountains – Five elements mountains

a cluster of five marble and limestone hills located in Ngu Hanh Son ward, south of Da Nang city in Vietnam. The five ‘mountains’ are named after the five elements; Kim (metal), Thuy (water), Moc (wood), Hoa (fire) and Tho (earth).

Ba Na Mountain
Ba Na is located 1,487 meters above sea level in the Truong Son mountain range, 40 kilometers to the southwest of Danang. Formerly, it was French’s resort with temperate climate, unspoiled forest, and spectacular view over the South China Sea

son tra peninsula

Son Tra Peninsula is a low mountainous area fully covered by forest . It is one of the city’s lung. Son Tra Peninsula and the Hai Van Pass embrace the Han River and form a wide closed bay. From the air, the Son Tra Peninsula looks like a fish fairy swimming to the Eastern Sea. From the sea, you can see three mountain peaks: Co Ngua, Nghe and Mo Dieu. The highest peak is 693m above the sea level.

Beaches

Research and Development

These years, Danang authority has mobilized resources for developing science and technology, especially hi-tech sectors and made these sectors the crucial economic sectors of Danang city. Accordingly, the city authority has created good conditions for setting up many hi-tech centers specializing in researching and developing hi-tech sectors such as IT, telecommunication, automation, etc.

Leading Centers	Activity
Name: Da Nang Hi-Tech park Contact number: Address: Hoa Lien Commune, Hoa Vang District	Da Nang hi-tech park is under-constructed.  Hi-tech manufacture industries: PC/peripherals, components and accessories for vehicle and airplane, telecommunication equipments, software, photovoltaic industry, integrated circuits, semiconductors, precise mechanics… – Hi-tech service industries: Multimedia services, insurance and finance, logistics…
Name:  NOVAS technology Co., Ltd Contact number: +84 511 3736909 Address: 354 Dien Bien Phu Str., Da Nang	Creating & building industrial advanced systems in Vietnam and developing countries.
Name:  Da Nang University’s research center Contact number:  +84.511.3832678 Address:  41 Le Duan Str., Da nang City	Major Research Directions: Basic research: Calculations and modeling, fluid mechanics, mathematics-informatics, chemistry, Nano materials. technology: mechanic, electrical and thermal machines in service of life and production activities; technological solutions for environment protection; engineering technology, construction foundation; alternative energy; automatic translation, and software technology.
Name: Danang Software Park (Danang ICT Infrastructure Development Center) Contact number: +84.511.3888666 Address: 02 Quang Trung Str., Danang	Under the management of Danang Department of Information and Communication, the center is a non-productive unit in charge of providing services on ICT and ICT infrastructures for both home and foreign investors doing their business in Danang. Danang ICT Infrastructure Development Center is responsible for effectively managing and operating local ICT infrastructures to better serve the software industry development; leasing ICT infrastructures and premises; directly or delegating other parties to carry out the maintenance, repairs and upgrades of the center-managed infrastructures or constructions; and providing Internet services. The center is also in charge of ensuring the environmental sanitation, and cooperating with local authorities to secure and keep public order for network and communication security infrastructure or ICT technology equipment as well.

Why invest in Danang Port

Danang’s advantages for business development
• Strategic location
• Developed infrastructure
• Plentiful workforce
• Business-friendly environment
• Stable economic growth

1.1. Danang – The dynamic city of the Key Economic Zone in central Vietnam

On 13 August 2004, the Prime Minister of Vietnam signed a decision to establish a Key Economic Zone in central Vietnam comprising Danang City and the provinces of Thua Thien-Hue, Quang Nam, Quang Ngai and Binh Dinh, a move aimed at leveraging its geological location, potentials and advantages to be one of the nation’s dynamically developed areas. Danang thereby, has the crucial role of a growth nucleus and giving impetus to the socio-economic growth of the central coast and Central Highlands region. Many major infrastructure projects have been completed or are being implemented in this economic zone:

1.2. Da Nang – The Eastern gateway of the East- West Economic Corridor
With 12 km2 of seaport, Da Nang is a pivotal part of the East-West Economic Corridor (sponsored by the Asian Development Bank (ADB) and ODA from Japan in the Greater Mekong Sub-region (GMS), the gateway to the Pacific Ocean of the virtually untapped hinterlands of Laos, northeast Thailand, Myanmar and central Vietnam.

Da Nang port consists of two areas: Tien Sa terminal and Song Han terminal with 1,493m length of berths. Port capacity reaches 5million tons per year together with its freight yards and warehouses nearby to support the throughput at the port

Tien Sa Port

• Depth: 10-17m
• Length: 965m
• Capacity to accommodate: general cargo ships up to 45,000DWT, 2,000TEU container ships and passenger ships up to 75,000 GRT
• Capacity of goods: 4.5 mil tons p.a

• 

Song Han Terminal

• Depth: 6-7m
• Length: 528m
• Capacity to accommodate: general cargo ships 3.000 DWT
• Capacity of goods: 1 mil tons p.a

1.3. Danang – The entrance to World Natural and Cultural Heritages
Danang is on the 1,500km World Heritage Road stretching from Vinh to Dalat along the coastal of central Vietnam. Travelling along Highway 1A from Danang, visitors can conveniently access four of the five UNESCO World Heritage Sites in Vietnam, invaluable assets endowed by nature or created by the forefathers, comprising Phong Nha-Ke Bang National Park, Hue Imperial City, Hoi An Old Town, and My Son Cham Sanctuary.

Hoi An Old Town

1.4 Danang – Competent workforce
Danang’s education and training have created a workforce with a well-deserved reputation for high skills, hard work, flexibility and loyalty which ensure your business has a constant supply of highly skilled and cost-effective staff.
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