Central Da Nang city recorded impressive economic growth in the first two months of the year, particularly in tourism, industrial production and trade, according to the city’s Statistics Office.
The Index of Industrial Production (IIP) rose 10.5% compared to the same period last year.
Trade and services were robust with total retail sales of consumer products and services exceeding VND24 trillion ($934 million), surging 21.9% year-on-year.
Tourism remains a bright spot in the city’s economic picture in recent years as well as a key growth driver. The city welcomed nearly 1.6 million tourists in the first two months, up 18.3% year-on-year. Of the total, there were 835,700 international visitors, skyrocketing 48.3% year-on-year. Total revenue of accommodation and catering services is estimated at more than VND4.77 trillion ($185 million), a year-on-year increase of 19.8%.