This is a great time for large domestic and foreign enterprises who have not yet invested in Da Nang to do so, Mr. Nguyen Thanh Nam, CEO of the Empire Group, the developer of Cocobay Da Nang, told the 2017 Da Nang Investment Forum on October 15.

The forum was an opportunity for the central city to call for investors in a series of projects valued at over VND30 trillion ($1.32 billion) in total. The city also granted investment certificates to a number of enterprises at the forum.

According to Mr. Nam, Da Nang has been a bright spot for foreign direct investment (FDI) attraction thanks to its road, air, and sea transport infrastructure. The city has also received a strong wave of investment from domestic corporations.

“Investors are grateful to the city for its efforts in improving the business and investment environment, by setting up the Da Nang Investment Promotion and Assistance Board to implement a ‘one-stop shop’ to simplify procedures,” Mr. Nam said.

Da Nang has gathered together the most favorable factors for businesses to invest, and he believes the city will be a successful investment destination.

Mr. Dang Minh Truong, CEO of Sun Group, said that Da Nang is a good example of success when it comes to tourism infrastructure and services, bolstering tourism growth.

He also suggested that the government create a mechanism for Da Nang authorities to be given the right to self-determination in the use of natural advantages for tourism development and to supervise local businesses no more than once a year to avoid causing problems in business activities.

Addressing the forum, Ms. Almut Roesner, Executive Director of Eurocham, said the chamber became the first foreign trade body to set up a representative office in Da Nang, in November 2016.

Over the years, EuroCham has conducted more than ten events in the city, including large-scale annual events such as the Economic Forum and the release of White Papers.

“The success of European companies in Da Nang has contributed to attracting more investors to the dynamic city in the context of the EU-Vietnam Free Trade Agreement being ratified next year,” she said, and also stressed that EuroCham would continue support the city in becoming the leading investment destination in Vietnam.