Foreign Direct Investment opportunities in Danang

Danang city leaders, in an effort to raise social, economic and cultural standards (amongst other aims) have developed an enabling strategy to achieve these goals. The Danang People’s Committee is attempting to lure investors through offering investment programs that include: incentives on corporate income tax; incentives for withholding tax; incentives for corporate reinvestment of profits; exemptions on import and export duties; and land rental incentives.

An additional tool used by the Danang People’s Committee to support foreign investment, is the Danang Investment Promotion Center (IPC). Created in 2000, IPC Danang advances and forms advantageous conditions linked to investment procedures and protocol in order to attract domestic and foreign investment. The Danang IPC has identified several projects calling for foreign direct investment in both the industrial and service sector that include the following:

· Textile, garments and footwear
· Information technology, electronics and electrical materials
· Rubber and plastics
· Mechanical
· Chemical
· Processing
· Resorts and entertainment

Please join us on our Study Aboard™ Program to discover more about foreign direct investment opportunities in Danang, and the rest of Southeast Asia.

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Written by Yeukayi Nenjerama - Facilitator of Sales and Marketing in Asian Cultures for Study Aboard™ cruises.