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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)