DANANG – The central coast city of Danang has announced high development targets for the next five years, aiming at an annual gross domestic product growth rate of 13.5%-14.5% to reach a GDP per capita of US$3,200 by 2015.
In a report released at the opening session of the city’s Party Congress on Tuesday, the city boasts an average GDP growth rate of 11% in the 2006-2010 period. The GDP per capita this year is estimated at US$2,015, or 2.2 times higher than that in 2005 and 1.6 times that of the national average.
Nguyen Ba Thanh, secretary of Danang City Party Committee, told the opening session that Danang City would strive to create the growth momentum for the entire central region.
“Central authorities have assigned a challenging task to Danang City. Danang will have to push up development, not only for its own sake, but also for becoming the growth momentum for the central region,” Thanh said.
Thanh, who was re-elected secretary of the city’s Party Committee, said the city’s infrastructure has been developed quickly, meeting the demand of investors.
In the first half of this year, Danang attracted US$2.7 billion of foreign direct investment committed into 175 projects.
The municipal Party Congress will wrap up Thursday, after endorsing socio-economic development goals.
