Da Nang using its advantages to become a major logistics center
Investment

Da Nang using its advantages to become a major logistics center

Central Da Nang city has a particularly favorable geographical location and is one of the coastal gateways in the East-West Economic Corridor, with the potential to become part of a global production and supply chain network due to connections with the Pacific and Indian Oceans. Under its plan, the city will have five main logistics centers on a total area of 229 ha. The most prominent is the Lien Chieu Port Logistics Center, which will be on 30 ha by 2030 and 69 ha by 2045.
Investment

MoT offers solution to problematic BOT projects

Through a review, the Ministry of Transport has reported that there are eight build-operate-transfer (BOT) projects that are inadequate and need to be reported to relevant authorities for consideration on their future. The ministry has therefore proposed that a solution to terminate contracts ahead of time and allocate State budget capital of about VND13.115 trillion ($552.527 million) to compensate investors and project developers be submitted to the National Assembly for consideration and approval. This would also remove obstacles for investors, thereby restoring their trust.