Danang is considered an
ideal destination for investment. The result shall be incredible where we
evaluate on the following aspects:
Danang – one of the
strategic economic centers of Vietnam’s central region
In March 13th,
2004, the prime minister signed a decision to establish central region’s
strategic economic center, including 05 provinces and cities: Thua Thien Hue,
Danang, Quang Nam, Quang Ngai and Binh Dinh to promote potential, geographical
location and competitive advantages and step by step develop this economic
region to become one of the most dynamic economic region in the country. In
particular, Danang is defined as the role of nuclear motivation for promoting
the development of the central region and the highlands.
Danang – eastern gateway
of east – west economic corridor (EWEC)
EWEC is one of five
economic corridor developed by the initiative of the Asia development bank in
the greater Mekong sub – region.
Currently, the road
system in Laos, Thailand and the road line from Danang to Savannakhet are
completed. The second international bridge spanning the Mekong river was
completed in the end of 2006 to facilitate the circulation of goods and
passengers by road line from Danang to the northeastern provinces of Thailand
and vice versa. East-west economic corridor not only provide an opportunity for
the country on the path of promoting regional cooperation and improve living
standards for the people but also enable businesses better access to the raw
materials market services, capital,
labor and technology with the purpose of creating favorable conditions for
investment and trade across the border and diversifying economic activity and
exports and promoting tourism development
Danang – entrance of the
cultural heritage and natural wonders of the world
Danang is located in the
heart of the “world heritage road”, stretching from the central coast of Vinh
city to Da Lat city. From Danang, along the national highway 1A, visitors can
access quickly and conveniently four of five world heritages in Vietnam,
including Phong Nha – Ke Bang national park (about 300 km from the north of
Danang), the ancient capital of Hue (about 100km from the north), Hoi An (about
30km from the southeast) and My Son (about 70 km from the southwest).
With the advantage of
geographical location and potential economic development in tourism, Danang is
an ideal destination for tourists as well as investors.
Infrastructure is step
by step improved
Danang is an important
traffic hub of the central – highlands and country with system of
international airports, deep sea ports, roads, north-south railways
developed conveniently.
Danang port is the third largest commercial ports in Vietnam
after Saigon port and the port of Haiphong. With a depth of 11m wharf,
warehouse systems and equipment upgraded by capital funds of the government of
Japan, Danang port can receive ships with a capacity of 45,000 dwt and others
such as container ships, passenger ships, cargo ships. Danang is the
international shipping route anabling to go to Hong Kong, Singapore, Japan,
Taiwan and Korea.
Danang international
airport is one of the three best
airports in Vietnam. In addition to domestic flights, there are weekly
international flights directly from Danang to Singapore, Bangkok, Taipei. In
the near future, the airport will open more routes to Hong Kong, Japan and
Korea. Danang international airport is currently being upgraded and expanded to
meet the needs of increasing passengers and cargos.
The system of roads in
and out of the city are constantly being expanded and newly constructed
Telecommunication
systems: Danang is one of
three major telecomunication centers of the country, international transmission
speed with good quality of Southeast Asia. Danang post provides various
and modern telecommunication services and be capable meeting the needs of
customers.
The other services
supporting investment (financial, banking, insurance …): most banks and finance companies of Vietnam
have large branches in Danang. Some branches of foreign banks and international
insurance companies are operating effectively in the city. These services
have increasingly been improved better to meet the needs of investors.
Trained and abundant
human resources
Danang has abundant
human resources (over 50% of the population of the city), mostly young labor.
Number of employees with technical expertise trained account nearly a quarter
of the labor force. Labor costs in Danang are lower than some other cities in
the country.
Danang is one of the
provinces in the country with the high educational development index which
create a favorable platform for the development of human resources of the city
to perform the goal of improving the quality of human resources, quality of
life. The city has about 14 universities, 15 colleges and professional schools
with nearly 140,000 students. This system performs training in most areas of
science, engineering, information technology, economics, business
administration, language and pedagogy… Danang university also cooperates with
universities of countries with an advanced education such as France, US, Japan,
Australia, Canada, New Zealand …
Software technology
center in Danang is one of the leading software producers in Vietnam and is the
leading training center of the central region. Over the years, the software
technology center has cooperated closely with companies of India (aptech)
and Japan (aots) to train programmers, technicians and engineers reaching the
international standard.
In addition, the city
also has about 55 vocational training centers which often provide short-term
training courses in computer science, sewing, mechanics, electricity –
electronics, construction techniques, etc …
Quality of life
Along with the process
of urbanization, economic growth in recent years has helped to material life
and spirit of the people of Danang continuously improved.
Unlike other large
cities in Vietnam, next to the bustle of urban development, living in Danang always
bring a sense of peace, comfort and closeness to nature. Danang is one of the
very few cities in Vietnam having a harmonious combination between high
mountains, deep forests, long beach, deep river. After work, you can easily
find space to relax beside the river or on beautiful beaches.
Danang today is a city
with a healthy cultural environment, with urban civilized lifestyle, literacy
levels elevated, beautiful natural scenery. It can be said that Danang is an
exciting place to live, work, travel and invest in Vietnam.
ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:
We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn
Source: Antconsult.vn
