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Da Nang, Sichuan’s Tianfu New Area promotes cooperation

Minh presented Da Nang as a growth hub of Vietnam’s central economic region, known for its major industrial products such as seafood, clothing, leather and footwear, mechanical engineering, building materials and handicrafts. The city is also developing hi-tech industries and information technology into important economic sectors, with the economic structure focused on services, industry and agriculture.

In 2023, the city won the Best Vietnam Smart City Award in the categories “Smart Operations and Management City for Infrastructure and Public Service”, Smart, Green Environmental Management City” and “Attractive City for Startups and Innovation”.

In the first quarter of this year, the total number of tourists in the city was estimated at 235,000, with the number of foreigners increasing by 70.7%.

Da Nang and the Tianfu New Area share similarities in urban economic management and development, Minh said, adding that Da Nang could share its experiences and cooperate with the Tianfu New Area in the areas of digital transformation, transportation, tourism, science -tech, innovation and trade.

For his part, Zhou introduced the Tianfu New Area as a fast-growing urban area in the southern part of Chengdu, Sichuan Province. It covers 1,578 square kilometers and is home to 3.56 million people and had an economic size of US$64 billion in 2023, ranking first among new urban areas. It wants to become an important growth pole and a new driving force in the Chengdu-Chongqing economic circle.

He expressed the desire for closer ties between the two places, especially in the fields of tourism, industry, energy and digital transformation, and sought Da Nang’s support for Tianfu New Area companies operating in the city.

Currently, there are 93 Chinese projects in Da Nang, with a total capital of US$118 million, mainly in restaurants, consultancy firms for the import of electronic equipment and the production of silicon and honey.

In 2023, Da Nang’s exports to China generated US$47 million, including transformers, fishing rods, clothing, seafood, small motors, mobile phone headsets, wood chips and handicrafts. Imports from China amounted to US$205 million, consisting of engines, components, machinery, production equipment and various types of steel.

Da Nang has more than 30 companies that maintain regular trade ties with China. Last year, the city welcomed around 179,000 Chinese tourists, making China the second largest international tourist market.