Da Nang to step up economic diplomacy over next five years
The central city of Da Nang will press ahead with the research and forecasting of the world’s political situation and new trends in global economic transformation to serve its development policy making over the next five years.
Vice Chairman of the municipal People’s Committee Ho Ky Minh speaks at the meeting. (Photo: VNA)
Da Nang(VNA) - The central city of Da Nang will press ahead with the research andforecasting of the world’s political situation and new trends in globaleconomic transformation to serve its development policy making over the nextfive years.
This is one of themajor orientations announced at a meeting on the city's economic diplomacy jointly heldby the municipal People’s Committee and the Ministry of Foreign Affairs onMarch 12.
Vice Chairman ofthe municipal People’s Committee Ho Ky Minh said Da Nang will put forth long-term plans,orientations, and key tasks for economic diplomacy between 2021 and 2025 inorder to realise the city’s socio-economic development plan by 2030.
It will also optimisethe support of ministries and centrally-run agencies, use existing resourcesand advantages, and pay more attention to multilateral diplomacy to step up economicintegration and exchange, and international trade in line with its developmentorientations, targets, and demand, while effectively utilising new-generationfree trade agreements.
The city will alsorevamp methods of economic diplomacy and work to raise the efficiency ofinvestment, trade, and tourism promotion activities in the new circumstances.
Da Nang will makeefforts to improve the international integration capacity of local agencies, individuals,and businesses, and set up links with overseas Vietnamese, experts,enterprises, and foreign partners to spur the city's socio-economic development.
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It also establishedfriendship and cooperation relations with 45 localities in 20 countries and territories,and joined international networks such as CityNet, Asia Pacific City Summit, and ASEAN SmartCity Network./.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Vice Chairman of the municipal People’s Committee Ho Ky Minh speaks at the meeting. (Photo: VNA) 
