Private economy breaks through, leading investment capital flow into Da Nang

Of which, the private sector contributed nearly VND15,000 billion, up nearly 57% over the same period last year and accounting for 68.5% of total capital. This is considered a bright spot in the economic picture of Da Nang in the first half of the year, showing the increasingly clear role of the private economic sector in leading growth and creating new development momentum.

Notably, private capital flows have not only increased in quantity but also shifted strongly in quality, focusing on areas such as real estate, trade - services, smart cities and high-tech industry.

A series of large-scale projects are being implemented in strategic locations, creating a ripple effect across the entire market. Notable among them is the TTC Plaza Da Nang project, a commercial and service complex with a total capital of nearly VND 3,000 billion, expected to become a new architectural and economic highlight in the city center.

In addition, many other projects are also speeding up progress such as Sunsea Towers (VND 1,140 billion), Olalani Riverside Tower (VND 7,650 billion, with more than 2,500 luxury apartments on the Han River, to date more than VND 1,400 billion has been implemented)...

Not only is domestic investment vibrant, foreign direct investment (FDI) is also recovering positively. In the past 6 months, Da Nang attracted more than 122 million USD in FDI capital, with 1,992 billion VND in realized capital, up more than 41% over the same period last year, showing international investors' confidence in the city's growth prospects.

More significantly, the wave of domestic private investment continues to increase strongly, with many mega projects worth tens of thousands of billions of VND. These include: Lang Van tourism - resort urban complex (VND 37,728 billion); The Nam Khang Resort Residences project (VND 2,625 billion); Nobu Residences Da Nang project (VND 3,687 billion); New Town project - high-class sports urban area (VND 4,889 billion)...