Da Nang attracts US$295 million in FDI

(VOV) - By December 2013 Da Nang city attracted 279 foreign direct investment (FDI) projects capitalized at US$3.3 billion and generated more than 38,000 jobs.

The city granted investment licenses to 42 new FDI projects with total pledged capital of US$48.4 million and 17 existing projects with additionally increased capital of US$246 million.

Despite global economic fluctuations, FDI businesses in Da Nang namely VBL, Coca Cola, TCIE, Viet Hoa Electronics, have continued to expand their operations. Their revenues are estimated at US$450 million for 2013, up 8.43% compared to 2012’s figure, contributing US$56.5 million to the state budget.
In addition, remarkable progress was also seen in the city’s Official Development Assistance (ODA) capital attraction with 11 ODA valid projects totaling US$697.81 million.