Ten-month FDI in Da Nang surges 2.5-fold to over US$800 million
Foreign direct investment registered in the central city of Da Nang reached over US$800 million during the January-October period of 2026, a 2.5-fold increase year-on-year, with new projects accounting for over 90% of the growth.
Data from the municipal statistics office showed domestic registered capital also grew over 52% to exceed VND195 trillion (US$7.56 billion). This included 78 newly licensed projects capitalized at more than VND100 trillion (US$3.88 billion) and 31 existing projects adding nearly VND94 trillion (US$3.65 billion) in capital expansion.
Newly licensed FDI projects accounted for 130 of the total, securing nearly US$630 million in new capital.
To meet the city’s 11% annual economic growth target, Le Ngoc Quang, Secretary of the Da Nang Municipal Party Committee, urged local agencies to overhaul administrative methods and maximize investment resources.
"The full-year 11% growth target leaves no room for sticking to past thinking, practices, and management methods," Quang said. "We must maximize all resources and use growth outcomes, investment efficiency, and sustainable development as the benchmarks to evaluate the performance of every agency, unit, and public official."
Source: VOV
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