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Da Nang lures Malaysian investors   2012-04-25 - VNS

The central city of Da Nang has urged businesses from Malaysia to invest more in coming years.

In a meeting yesterday with the Malaysian Ambassador to Viet Nam, Dato' Azmil Zabili, chairman of its People's committee Van Huu Chien stated that Malaysia's 11 enterprises had invested US$96 million in Da Nang so far.

The city with six industrial zones has welcomed 72 projects worth $635 million.

The Malaysian ambassador said that the bilateral trade between Viet Nam and Malaysia, recorded $6 billion last year, would increase to $10 billion in coming years. The city also expects to lure hi-tech investors to the approved 1,010ha Hi-Tech Park in Hoa Vang District.



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