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(QNO) – The service sector, accounting for over 71% of Da Nang’s economic structure, continues to see robust growth. Alongside the strong recovery of the industry and construction sectors, this has contributed to a bright economic outlook for the city in the first quarter of 2025.
In April 2025, Da Nang’s industrial production index grew by 7.4% compared to the previous month, with all four key sectors showing strong performance.
The manufacturing and processing sector led the growth, rising 7.4% month-on-month and 10.6% year-on-year, driven by increased output in beverages, apparel, export woodchips, rubber, steel, and new FDI-backed electronics.
The city’s export turnover in the first four months reached over USD 1.12 billion, up 8% year-on-year, while maintaining a trade surplus of USD 161 million.
Da Nang has issued business registration certificates to 1,373 enterprises and drawn VND 9,578 billion in investments for projects outside industrial zones.
Additionally, public investment disbursement increased by over 28%, exceeding VND 2,103 billion. The city also offers tax incentives for sectors like semiconductor and AI development, including corporate tax exemptions and special incentives in key technology zones.
In 2025, Da Nang's tourism sector thrived with events like the Asia Golf Tourism Convention (AGTC) and the launch of the beach tourism season, while also welcoming direct flights from countries like Kazakhstan and Uzbekistan.
The service sector, comprising over 71% of the economy, fueled growth, particularly in tourism, trade, and transportation. The city saw over 3.5 million visitors in the first four months, with a 54.1% increase in service revenue, including a 106% rise in real estate services.
Retail and consumer services also grew by 26.5%, signaling strong economic recovery and supporting Da Nang’s goal of double-digit growth in 2025.