Investment

Foreign direct investment showing strong momentum in the central city, contributing $28.95 million, up 6.4 times year-on-year.

The plan requiring an estimated investment capital of more than VND3.2 quadrillion ($123 billion).

This urban railway axis is identified as the "backbone" infrastructure of central Da Nang city, designed to establish seamless connectivity and lay the foundation for the city’s long-term development.

Regarding the sectoral structure of these new projects, processing and manufacturing led the way with $1.05 billion, accounting for 70.8% of the new capital, while the real estate business followed with $243.2 million, or 16.3%.

At the meeting, the two sides exchanged views on their respective development goals and orientations, with a view to enhancing coordination and joint development between Vietnam and Cambodia, as well as among Vietnam, Cambodia and Laos.

Manufacturing and processing output increasing 23.6% from a year earlier, accounting for the bulk of overall growth.