November 15, 2023 | 07:00 GMT+7

FDI in Da Nang up 135% in 10M

Ngô Anh Văn -

Central city looking to bring in foreign capital of over $200 million this year after recording $177 million in the first ten months.

Da Nang Hi-Tech Park.
Da Nang Hi-Tech Park.

Central Da Nang city attracted nearly $177 million in FDI capital in the first ten months of this year, a year-on-year increase of 135 per cent, according to the city’s Department of Planning and Investment.

Of the figure, $135 million came from a hi-tech electronics project in the Da Nang Hi-Tech Park.

The city is expected to attract more than $200 million of FDI capital by year’s-end.

Da Nang has now licensed more than 1,000 FDI projects in total, with registered capital of an estimated $4.3 billion.

Japan leads in investors, with more than 230 projects and over $1 billion in capital, accounting for 26 per cent of the total, followed by the US, with 85 projects and $800 million.

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