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A start-up business project in hi-tech farming in Da Nang city (Photo: VNA) Da Nang (VNA) - Leading speakers from home and abroad will address the fourth Da Nang Start-up Innovation Festival on November 1. Vice director of the city’s science and technology department Tran Van Hoang said at a press conference on October 2 at least 30 speakers and experts along with 2,000 businesses, students and investors will join the event. Peter Vesterbacka is a global entrepreneur and brand communities creator from Finland; Dominic Mellor, the leader of the Mekong Business Initiative of the Asia Development Bank; Jan Lederman, President of Valhalla Private Capital, Canada; founder of Percent Silicon Valley Thach Le Anh; Shark Tank and director of Cyber Agent Investment Foundation Nguyen Manh Dung and other domestic and foreign speakers will all take part. Hoang said activities including an exhibition of 70 business start-up projects, start-up pitching and business meetings will prelude the … [Read more...] about Da Nang to host start-up innovation event

At the event The Public Financial Management Reform Program (PFMRP), during 2019–2025, is funded by a CHF3-million grant provided by SECO and administered by the World Bank for the benefit of Da Nang City. It is the first partnership between SECO and the World Bank in support of public financial management reforms at the sub-national level in Vietnam. It complements their joint support for public finance management reform at the national level.   The Program provides advisory and capacity building support in four key areas of common interest—Fiscal Strategy, Medium-term Budgeting, Public Service Performance Reporting, and Public Debt Management—which were highlighted in the Public Expenditure and Financial Accountability (PEFA) assessment in Da Nang City. This support is expected to build a good basis for broadening and deepening reforms and collaboration in the medium-term.  “Da Nang City is an emerging growth pole with a long-term vision to be … [Read more...] about WB, SECO support Da Nang City’s public financial management reforms

A corner of Da Nang city In the first nine months of 2019, total foreign investment inflows to the city reached US$533.7 million, of which newly-registered volume rose by eight times to US416.3 million compared to the same period last year, the Department reported. Meanwhile, 11 existing FDI projects increased investment capital worth US$117.32 million, up 63 times against same period last year. As of September 15, Da Nang was home to as many as 783 FDI projects capitalized at US$3.4 billion, said the Department. The city also attracted VND3,247 billion in investment capital from domestic investors in four projects in the reviewed period, raising the total number of local investors’ projects to 326 with combined value of VND99,124 billion. On trade, Da Nang’s export and import saw a year-on-year increase of 0.52% to US$2.217 billion, of which export value fetched US$1.251 billion, up 3.18%. Also in the Jan-Sep period, Da Nang granted business registration certificates … [Read more...] about Prominent signal of Da Nang’s Jan-Sep economic performance

The Public Financial Management Reform Program (PFMRP), during 2019–2025, is funded by a CHF3 million grant provided by SECO and administered by the World Bank for Da Nang City. The program provides advisory and capacity building support in four key areas including Fiscal Strategy, Medium-term Budgeting, Public Service Performance Reporting, and Public Debt Management which were highlighted in the Public Expenditure and Financial Accountability (PEFA) assessment in Da Nang City. This support is expected to build a good basis for broadening and deepening reforms and collaboration in the medium-term. Da Nang City is an emerging growth pole with a long-term vision to be an international gateway and regional commercial hub, said Ousmane Dione, World Bank Country Director for Viet Nam, adding that but it is facing a host of challenges to deliver vital urban infrastructure and services in a fiscally constrained environment. These challenges reinforce the need for more … [Read more...] about WB, SECO help Da Nang reform public financial management

A birdview of Da Nang from Vo Nguyen Giap street  Da Nang boasts high potential to become a leading smart city in the country, said Pham The Truong, General Director of Microsoft Vietnam at a conference in the city on September 26. The city has opened its door to technology investors, he said, adding that in the future, Microsoft will work with DaNang in various technology sectors, contributing to the city’s road towards becoming a smart city. Initially, Microsoft will install a programme to protect children on the internet and support the training of teachers in Da Nang. In the future, the firm will pilot smart solutions in the city, while continuing to invest in technology and share experience with Da Nang, said Truong. Nguyen Quang Thanh, Director of the Da Nang Department of Information and Communications, said the city hopes to partner with Microsoft in education, health, technology and especially data collection and analysis. He expressed … [Read more...] about Da Nang seeks solutions towards smart city goal