Special mechanisms, policies proposed to boost Da Nang’s development

The Ministry of Planning and Investment on February 26 held a meeting to discuss special mechanisms and policies for the development of the central city of Da Nang.

Special mechanisms, policies proposed to boost Da Nang’s development -0
Minister of Planning and Investment Nguyen Chi Dung speaks at the meeting. (Photo: The Courtesy of the Ministry)

According to Minister of Planning and Investment Nguyen Chi Dung, special mechanisms and policies for Da Nang will create more opportunities for the city’s development and help boost that of the central region.

He suggested Da Nang study special mechanisms and policies applied for other localities and then propose suitable ones for the city.

So far, Da Nang has proposed 27 policies - six new ones and the rest are the same or similar to those applied in other localities.

Of the six new policies, Da Nang asked for permission to pilot a free trade zone associated with Lien Chieu port and Da Nang international airport; add projects on technical infrastructure; and implement special mechanisms on employment, salary, income tax exemption, and financial support to semiconductor industry and artificial intelligence (AI).

The city also proposed to allow the municipal People’s Council to decide on the pilot of blockchain or support for technical infrastructure development projects in industrial clusters.

It also asked for permission to apply some mechanisms and policies that are available for Ho Chi Minh City such as particular planning adjustments, personal income tax exemption for experts, scientists or talented people, and extra payment for State employees or corporate income tax exemption for those in prioritised areas.

Economy

Aquatic exports hit 10 billion USD
Economy

Aquatic exports hit 10 billion USD

Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on December 23.

Vietnam's potential promoted to Mexican businesses
Economy

Vietnam's potential promoted to Mexican businesses

A delegation from the Vietnamese Embassy in Mexico led by Ambassador-Designate Nguyen Van Hai has paid a working trip to Guanajuato state to explore opportunities for cooperation between Vietnam and Mexico, as well as between Vietnamese localities and Guanajuato. ​

Localities report progresses in IUU fishing combat
Economy

Localities report progresses in IUU fishing combat

Coastal localities nationwide have implemented practical and effective activities and specific measures, demonstrating their determination to join the nation’s efforts to have the “yellow card” that the European Commission (EC) has imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing lifted in 2024.

Da Nang Hi-Tech Park attracts 177-million-USD FDI project
Economy

Da Nang Hi-Tech Park attracts 177-million-USD FDI project

The Da Nang Hi-Tech Park continues to strengthen its position as a leading investment hub with the recent in-principle approval of a 177-million-USD project by Dentium Co., Ltd., from the Republic of Korea (RoK).This significant investment brings the total registered foreign direct investment (FDI) in the park to 875.2 million USD, spanning 13 projects.