In Da Nang City, on 21 April 2016, KPMG Limited (“KPMG Vietnam”) and Danang Investment Promotion Center (“IPC Danang”) entered into a MEMORANDUM OF UNDERSTANDING (“MOU”) on promoting investment in Danang City, Vietnam.
This MOU will facilitate the mutual sharing of best practices, expertise and knowledge of both parties in providing supports and services to investors as well as promoting investment in Danang City.
Witnessed by Mr. Phung Tan Viet, Vice president of The People’s Committee of Danang City, by governmental and media representatives, and by strategic business partners, both parties committed to cooperate in engaging in activities supporting foreign direct investment in Danang and Vietnamese enterprises. Activities will include networking events, conferences, workshops, seminars, dialogues, legal consulting on business operation and investment activities, etc…
Mr. Le Canh Duong, Director of IPC Danang denoted that “We have seen significant development in Danang over the last few years. With consecutive leading positions in the Vietnam Provincial Competitiveness Index ranking and effective and progressive economy transformation… Danang is becoming a spearhead city in the industrialization, modernization movement and global integration. We are excited to have this MOU between IPC Danang and KPMG Vietnam, and are looking forward to having more opportunities to promote investment in Danang, that will be contributing to the economic and social development of the city.”
In addition, Mr. Hoang Thuy Duong – Partner, Head of the KPMG Representative Office in Danang City – said: “Following the official opening ceremony of the KPMG representative office in Danang in December 2015, this MOU is an important step for KPMG Vietnam in this strategically located city in the Central highland area. It is also a reflection on KPMG’s long-term commitment to relentlessly provide professional services in audit, tax and advisory to local and regional enterprises and investors.”