Vietnam aims for 12-13 pct growth in Da Nang

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Vietnam has set an economic growth target of 12-13 percent a year for the central city of Da Nang by 2020.

According to a development plan for Da Nang issued by Prime Minister Nguyen Tan Dung, the goal is to make the city the social and economic center of the central region as well as a transport hub linking Vietnam and other countries.

The growth of the city will then facilitate economic expansion in neighboring areas, the government said in a statement on its website Sunday.

According to the plan, tourism is one of the spearheads for Da Nang's economy in the next ten years. The sector is expected to grow 15-16 percent a year, reaching a revenue of VND3.89 trillion in 2020.

Da Nang will put 41 infrastructure projects in place by 2020, including the Da Nang-Quang Ngai Expressway, a university village project and a high-tech industrial park, the plan said.

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