April 11, 2025 | 06:30 GMT+7

Da Nang city records strong growth in investment capital in Q1

Ngô Anh Văn -

Accelerated progress in public infrastructure development has attracted social investment resources, boosting the city's socio-economic development.

Construction of Hoa Lien - Tuy Loan Expressway is in progress.
Construction of Hoa Lien - Tuy Loan Expressway is in progress.

The central city of Da Nang's total realized investment capital in the first quarter (Q1) of 2025 reached VND9.773 trillion ($379 million), an increase of over 43% compared to the same period last year.

Of the figure, investment from private sector accounted for over 60%.

The Da Nang Statistics Office attributed the sharp rise in private sector investment capital to the effective utilization of public investment in key projects as a driving force.

Accelerated progress in public infrastructure development has attracted social investment resources, boosting the city's socio-economic development.

Several State-funded infrastructure projects have benefitted from decisive action by the city authorities to address challenges related to site clearance, raw material supply, and disbursement procedures, facilitating faster construction progress. Key examples include the Lien Chieu Port shared infrastructure project, the Coastal Road project connecting Lien Chieu Port, and the Hoa Lien-Tuy Loan expressway section project.

In addition to domestic investment, foreign direct investment (FDI) in Da Nang experienced substantial growth in Q1, reaching VND1.544 billion ($59.86 million), an impressive increase of 80.5% year-on-year. This surge in FDI demonstrates the effectiveness of the city's policy solutions and mechanisms in overcoming obstacles for foreign-invested enterprises.

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