Da Nang shares many growth drivers

Thanh Hải |

After merging with Quang Nam province, Da Nang city has an estimated GRDP growth rate of 9.43%, ranking 8th in the country in the first 6 months of the year. Behind this number is a story of integration, balance and a vision for sustainable development for a wider economic space.

Growth drivers

The Da Nang Statistics Office on July 3 said that the new city of Da Nang achieved a growth rate of 9.43% in the first half of 2025, which is a result of the strength of the two localities. In particular, Da Nang (old) continues to affirm its leading role with an outstanding growth rate of 11.7%, focusing on the fields of services, tourism and high technology. Quang Nam (old) with an increase of 6.63%, mainly industrial and agricultural production.

The biggest bright spot is the recovery and even breakthrough in economic regions. The industrial and construction sector grew by 13.19%. Of which, the construction industry alone increased by 18.3%. This is the result of promoting the disbursement of public investment capital and implementing key infrastructure projects. The processing and manufacturing industry also increased by 11.59% with many key sectors such as transportation vehicle manufacturing, electronic products, textiles, etc.

The service sector, accounting for the largest proportion (55.68%) in the economic structure, also grew impressively by 10.37%. The accommodation and food industry with an increase of 17.15%, demonstrates the strong recovery and development of the tourism industry. The excitement of retail, transportation, warehousing and real estate activities has created a bustling economic cycle, affirming the position of the service center of the area.

Attracting in-depth FDI projects

Although the general picture is full of positiveness, the data also shows that the biggest challenge for the new Da Nang is uneven development. The total social investment capital is tending to focus heavily on the central urban area. Specifically, while investment capital in Da Nang (old) skyrocketed by 42.43%, in Quang Nam, it decreased slightly by 2.16%. Similarly, despite increasing newly granted FDI attraction, the realized FDI capital decreased by 6.7%, showing that problems in project implementation still exist.

The difference is also clearly shown in foreign trade activities. Da Nang (old) continues to maintain a trade surplus of 258 million USD thanks to high-tech products and textiles. In contrast, Quang Nam imports a trade surplus of 280 million USD due to its dependence on imported raw materials and components for the manufacturing and assembly industries. Although 2,708 newly established enterprises were established in the first half of the year, an increase of 8.02%, the number of enterprises temporarily suspended operations was nearly double - 4,771 units. This shows that the resilience of the private economic sector is still weak, requiring more practical and effective support policies.

To maintain growth momentum and solve challenges, Da Nang (new) needs a comprehensive and balanced development strategy in the last 6 months of the year. The top priority is to continue promoting the disbursement of public investment capital, but there needs to be reasonable coordination so that capital flows into connecting infrastructure projects, creating momentum for disadvantaged areas, especially the Western region.

Removing obstacles for businesses, improving the investment environment, and attracting FDI projects with depth and high technology is still a key task. At the same time, the city needs to develop strong enough social security policies, especially sustainable poverty reduction programs, vocational training, and improving health and education infrastructure for mountainous communes.

At the first conference organized by the Da Nang City Party Committee Executive Committee on the morning of July 3, Mr. Nguyen Van Quang, Secretary of the Da Nang City Party Committee, requested that new cadres taking up the assignment continue to promote their spirit, responsibility, solidarity, and focus on advising on the implementation of assigned political tasks.

Da Nang's journey has just begun. Initial achievements are a solid foundation, but the road ahead requires determination, strategic vision and breakthrough solutions to turn the potential from the merger into a strong, harmonious and sustainable economic development, worthy of being the growth pole of the Central region.

Thanh Hải
TIN LIÊN QUAN

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Nguyễn Hoàng |

Da Nang This is a notable speech by Da Nang City Party Secretary Nguyen Van Quang at the first (expanded) City Party Committee Conference on July 3.

Da Nang's GRDP growth in the first 6 months of the year only reached 9.43%

Trà Ban |

In the first 6 months of 2025, the new Da Nang City, a development consolidation between Da Nang and Quang Nam, recorded a GRDP growth rate of 9.43%.

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Da Nang - Da Nang City Police announced 25 locations to receive citizens to complete ID card issuance procedures.

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On the morning of July 3, at the first City Party Committee Conference, the Standing Committee of the Da Nang City Party Committee announced a series of decisions on the work of organizing the apparatus and cadres.