Strengthening the capacity to respond to risks and crises in the economy of Danang City


On the morning of October 26, the University of Economics, the University of Danang held a National Scientific Conference on "The current situation and solutions to strengthening the capacity to respond to risks and crises in the economy of Da Nang city”. Co-organizing the conference with the participation of the following units: Union of Science and Technology Associations of Da Nang City and Economic Science Association of Da Nang City, Institute of Socio-Economic Development Research Da Nang City, Institute of Social Sciences in Central Central Region, Political Academy Region III, East Asia University, Duy Tan University, Danang Architecture University.

The national scientific conference on "The current situation and solutions to strengthen the capacity to respond to risks and crises in the economy of Da Nang city" focused on clarifying theoretical aspects and results of analyzing the current situation of the city's ability to cope with risks and crises in recent years (especially during the recent Covid-19 pandemic). From there, major orientations and specific solutions are proposed to strengthen the city's ability to cope with risks and crises in the future. In addition, the conference is an opportunity to connect scientists and economic managers living and working in Da Nang, nationally and internationally, to exchange and share knowledge and experience on crisis management and control in particular and other economic management issues are concerned.

Assoc.Prof.Dr. Vo Thi Thuy Anh - Vice-Rector of the University of Economics, the University of Danang gave the opening speech of the DANEC-2022 Conference

Assoc.Prof.Dr. Le Van Huy - Vice-Rector of the University of Economics, the University of Danang gave flowers to thank the co-organizers.

Solving the problems

The Covid-19 pandemic as well as the unusual developments of natural disasters recently caused Da Nang's economy to have experienced an unprecedented decline in growth. In 2020, the gross domestic product (GRDP) of Da Nang city only reached 61.67 trillion VND and for the first time grew to negative 8.2% (compared to 2019) after more than 25 years of construction and development. By 2021, the city's GRDP improved, increasing by 0.18% compared to 2020; The size of the city's GRDP in 2021 was only equivalent to about 91.98% of 2019. If the city's economy is not affected by the COVID-19 pandemic, with an expected growth rate of 7.71%, the GRDP in this year 2021 is larger than the 2019 GRDP of 15.42%. The above data can show that Da Nang city is in the group of localities most heavily affected and most vulnerable to natural disasters and epidemics.

Assoc.Prof.Dr. Dao Huu Hoa, Vice President of the Da Nang Economic Science Association presented the introductory report

Opening remarks at the Conference, Assoc.Prof.Dr. Vo Thi Thuy Anh emphasized: “An important question to be solved is how to manage crises and respond to risks at the local economic and corporate level. How to develop scenarios to improve early warning capacity for Da Nang city? I am confident that the managers, policymakers, and researchers attending today's Conference will propose solutions to improve the capacity to respond to risks and handle crises for the economy of Da Nang city”.

People are facing a series of severe global problems is a fact. Those problems have, are existing and tend to increase in number, scale, and extent. Overall global issues include many different forms: conflicts in national and ethnic relations as well as issues of economic interests, territorial issues, military and political issues; contradictions between human behaviors towards nature, and ecological environment, etc. From these issues, the report leads the title "Capacity to respond to risks, crises and posed problems" of Assoc.Prof.Dr. Dao Huu Hoa - General Secretary of the Economic Science Association of Da Nang City raised big questions: What are the problems that trigger risks, crises, and their impacts on the economy in globalization and climate change? What tools and methods can be used to measure the “Capacity to respond to risks and crises”? What factors affect the "Capacity to respond to risks and crises" of the economy? What strategies, tools, and solutions can be used to respond to risks and crises? Lessons to respond to risks and economic crises of countries and regions at home and abroad? Capacity to cope with risks and crises of the economy of Da Nang city? What direction and solutions should be implemented to strengthen the capacity to respond to risks and crises for the economy of Da Nang city in the future?

Delegates presented their report

Solutions to stick to reality

The Organizing Committee of the Conference, the University of Economics, the University of Danang were honored to receive 30 papers from scientists across the country. Delegates at the discussion sessions of the conference posed many urgent problems and proposed solutions that closely followed reality in Da Nang city.

By analyzing the impacts of shocks and pressures of non-traditional security issues on economic areas of Da Nang city, the author group Dr. Hoang Van Long - Doan Thi Ngoc Ha, Tran Phuong Thao posed the problems in the presentation report "Evaluating the impact from shocks and pressures on non-traditional security issues on sustainable economic development in Danang City: A Case Study of the Covid-19 Pandemic”: through the Covid-19 case study to the city's economic sectors is severe and uneven across economic sectors. The dependence on the external market is quite large, especially in the industry and construction sector, leading to disruption of the supply chain, lack of initiative in supply as well as having a heavy impact on exports. With the economic structure favoring the service sector (Services - Industry and construction - Product tax minus product subsidies - Agriculture, forestry, and fishery), this is again a sector heavily influenced by The Covid-19 epidemic and the recovery depend greatly on the external market (especially the tourism sector).

Delegates discussed at the Conference

From there, the above authors have come up with solutions to minimize negative impacts and improve resilience for economic sectors, the problems posed to Da Nang city are: Attracting human resources to return to work after covid-19, Transforming the economic structure into key economic sectors, Digital transformation of the economy and strengthening prevention of risks and dangers health and medical problems.

The issue of "Exploiting spiritual tourism in Da Nang after the impact of Covid-19" was a hot topic at the Conference. According to the presentation report: During the Covid-19 pandemic, all countries have applied travel restrictions to prevent the spread of the disease. According to UNESCO statistics, out of 167 member countries with cultural heritages and tourist sites, 119 countries (accounting for 71%) have completely closed, 30 have partially closed, and only 18 country continues to open their doors to cultural heritages and tourist sites. The Covid-19 pandemic has led to many negative social and economic consequences and affected the physical and mental health of populations worldwide, in which many people suffer from a post-Covid-19 anxiety disorder.

Many exciting issues were discussed at the Conference

For Da Nang, right from mid-March 2022, tourism activities have flourished. Since the beginning of the year, many tourist areas and attractions have received a large number of visitors such as Sun World Ba Na Hills tourist area receiving more than 350,000 visitors, an increase of 95% compared to the same period in 2021; Ngu Hanh Son scenic spot welcomed nearly 135,000 visitors. etc; Average occupancy on weekends with promotional policies at some coastal hotels reached 70-75% (higher than before reopening for tourism). From February 21 to May 21, 2022, when starting to apply the Da Nang M.I.C.E Policy 2022, the Department of Tourism received advice and welcomed 18 M.I.C.E delegations with more than 7,200 visitors (including 04 groups of 700 guests or more, 4 groups of 300-700 guests and 10 groups of over 100 guests), an increase of 8 times over the same period in 2021. Accumulated in the first 8 months of 2022, the total number of guests served by accommodation establishments was estimated at nearly 2.4 million, up 125.7% over the same period. Of which, international visitors were estimated at 221 thousand arrivals, up 144.9% over the same period in 2021; Domestic tourists were estimated at 2.14 million arrivals, up 123.9% over the same period in 2021. Revenue from accommodation and travel services was estimated at VND 4,939.3 billion, up 2.4 times over the same period last year. 2021.

Through the above statistics, after Covid-19, tourists to Da Nang are very crowded. However, spiritual tours have not been given much attention. Since then, the authors have come up with solutions to exploit spiritual tourism in Da Nang after Covid-19 as follows: Competent agencies need to orient, develop plans, and agree on the selection of destinations that can be exploited for tourism. After that, it is necessary to coordinate with travel companies to put investment plans and develop spiritual tourism products including building certain routes. Building spiritual tourism products should follow spatial planning to develop spiritual tourist areas and destinations, aiming for sophistication to properly meet the spiritual needs of tourists. Concentrating resources, creating a mechanism to mobilize resources to invest in spiritual tourist areas and destinations based on the planning of such spiritual tourist areas and spots. At the same time, promoting the role of the residential community, bringing maximum benefits to the residential community at the spiritual tourist destination.

Besides, the conference also spent time discussing other outstanding issues such as human resource management, the risk response model in Hoa Xuan through the model, etc.

With the spirit of science, objectivity, and responsibility to the community, scientists, managers, and all experts have discussed, exchanged, and contributed to have a common voice to come up with solutions to strengthen the capacity to respond to risks and crises in the economy of Da Nang city.

Center for Information and Communication Technology