The central city of Da Nang posted a gross regional domestic product (GRDP) growth rate of 4.99 percent in the first half of this year, the municipal statistics office said on June 29.
Workers at an industrial park in the central city of Da Nang. (Photo: VNA)
Da Nang (VNA)– The central city of Da Nang posted a gross regional domestic product (GRDP) growth rate of 4.99 percent in the first half of this year, the municipalstatistics office said on June 29.
The services sectorsaw the highest expansion in the reviewed period, at 5.34 percent. The industrial sector andconstruction gradually recovered, up 2.85 percent and taxes on products surgednearly 8 percent.
Agro-forestry andfishery sector, however, was down 0.08 percent against the same period lastyear.
In terms of the GRDPscale, the city took the lead amongst localities in the central key economicregion, and retained its 16th place out of 63 centrally-run provinces andcities nationwide.
State budgetcollection of Da Nang had reached 10.7 trillion VND as of June 20, ayear-on-year decline of 3.5 percent. Meanwhile, budget spending had neared15.18 trillion VND, up 7.6 percent compared to the same period last year.
The unemployment rate inthe city was 7.27 percent in the first six months of the year. By the end of June,local authorities had allocated more than 501.7 billion VND to support 326,141people, primarily laid-off workers, small-sized household businesses and policybeneficiaries.
The city has se💃t atarget to obtain a growth ra🉐te of over 6 percent in 2021./.
Adjustments to the master plan for central Da Nang city to 2030 and vision to 2045 approved recently by the Prime Minister are believed to “open the door” for it to map out its vision and orientation for the future.
The central city of Da Nang has maintained its leading position in terms of readiness for Information and Communications Technology (ICT) development and application, topping the Vietnam ICT Index rankings for another year in 2020.
A new master plan for seaports is needed to further boost the country’s socio-economic development in the rapid international integration process, experts have said.
The COVID-19 pandemic has forced workforce in the tourism sector to change jobs to earn their living. In order to survive four outbreak waves, they have to run about to make ends meet.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Workers at an industrial park in the central city of Da Nang. (Photo: VNA) 
