City experiences rapid growth over the past 15 years

posted Aug 31, 2013, 1:12 AM by Danang Beach   [ updated Aug 31, 2013, 1:13 AM ]
Over the past 15 years, Da Nang has seen many rapid changes and remarkable achievements in its economy, society and environment.

Since it was recognised as a centrally governed city in 1997, the city has paid special attention to its infrastructure development.  In particular, about 46,000 billion VND from the city’s budget has been spent on infrastructure construction projects over the 2003 - 2013 period as against just 186.7 billion VND in 1998.

In addition to the development of infrastructure and the expansion of urban spaces, the city has shifted its economic structure to the direction of service-industry-agriculture.  The city has given top priority to attracting FDI into local spearhead economic sectors like services, tourism and trade in order to promote its sustainable economic development.

Tourism – a spearhead economic sector

In October 2008, the city’s authorities approved the “Building Da Nang into an Environmentally-friendly City” project with specific targets and measures for 2020, and a long-term vision for the city’s sustainable development.  The project is divided into 3 phases: the first between 2008 and 2010, the second from 2011 to 2015, and the third from 2016 to 2020.

By 2020, Da Nang hopes to have reached its targets of treating 100% of its industrial and domestic waste water, recycling 70% of its solid waste, and utilising 25% of reclaimed water.

In addition, special attention will be paid to appealing for foreign businesses to invest in the city’s high-tech and priority industries, as well as encouraging them to protect the local environment.  This is intended to prevent the city from becoming an industrial waste dump, and a backward country in the world.

Although Da Nang was only a minor city in the past, it is now one of Viet Nam’s 4 largest cities thanks to its sustainable development policies which have fully tapped into its potentials and strengths.

(Source: Danang Today)