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:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
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—Calvin Coolidge (1872–1933)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)