Vietnam's Da Nang actively courting foreign investment

Fri. May 02, 2008; Posted: 02:36 AM

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HANOI, May 2, 2008 (Asia In Focus via COMTEX) -- -- The central Vietnamese city of Da Nang has listed 78 projects in search of foreign direct investment (FDI) in the next three years, according to the city's Department of Planning and Investment. The projects include information technology, electronics, agriculture and seafood processing, engineering, textiles-garments, real estate and footwear.

* The city has licensed 5 foreign-invested projects valued at more than US$240 million in the first four months of this year, said an official from the department's Investment Promotion Centre.

* There are now 126 foreign-invested projects in the city worth more than US$2 billion.

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