Economy
Đà Nẵng is the leading industrial center of central Vietnam. Its GDP per capita was 19 million VND in 2007, one of the highest in Vietnam (after Hồ Chí Minh City, Hanoi, Bình Dương Province, and Đồng Nai Province). By 2009, this had increased to 27.3 million VND.
Đà Nẵng led the Provincial Competitiveness Index rankings in 2008, 2009, and 2010 (and was second after Bình Dương Province in the three years before that), benefiting mostly from good infrastructure, good performance in labour training, transparency, proactive provincial leadership and low entry costs.
| Exports | million US$ (2007) | Imports | million US$ (2007) |
|---|---|---|---|
| Total | 469.6 | Total | 522.1 |
| Textiles | 139.8 | Machinery, equipment | 237.2 |
| Aquatic products | 75.2 | Materials for garments | 77 |
| Handicraft products | 51.6 | Iron, steel | 41.6 |
| Coffee | 47.6 | Medicaments | 24.9 |
| Footwear | 17.7 | Chemical fertilizer | 22.5 |
| Rice | 8 | Motorbikes | 0.45 |
Exports increased to 575 million US$ in 2008, but fell back to 475 million US$ in 2009.
Read more about this topic: Da Nang
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
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“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)