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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Friday, April 4, 2025

Danang prioritizes high-tech industries in 2024

The Saigon Times

Must read

HCMC – The central coast city of Danang has mapped out plans to attract investments in high-tech industries, with a primary focus on semiconductor design, artificial intelligence (AI), big data, and digital technology.

The city wants to leverage the shift in foreign direct investment (FDI) inflows into Vietnam, with the goal of attracting leading companies from the U.S., Europe and Asia, said Nguyen Thi Thanh Huong, deputy director of the provincial Department of Planning and Investment.

In the semiconductor sector, Danang is actively seeking major firms from the U.S., Europe, and Japan to invest in the design phase. Meanwhile, businesses from Asian economies like Taiwan, South Korea, Malaysia and Singapore will be encouraged to invest in the assembly, testing, packaging, and other stages of the semiconductor supply chain.

Danang is committed to providing comprehensive support, including information, handling of requests and issues, and project implementation assistance.

In 2023, Danang approved 104 new foreign-invested projects with total registered capital of US$151.2 million, according to data from the city’s Statistics Office.

Danang’s economic growth target for 2024 is set at 8% to 8.5%.

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