Analysis on regional competitiveness concepts: case of the Da Nang province

Socio-economic growth in accordance with the established targets is the province's competitiveness. However, the matter on how to strengthen competitiveness to help advance a sustainable economy in the future is a riddle, not only for every country but also for every province and city to consider and prioritize. In this regard, an analysis on the regional competitiveness concept has been executed. In addition, a practical study of the competitiveness of Da Nang Province is also presented, based on the assessment of the regional competitiveness index rating. The results show that although Da Nang is classified as a "very good" competitor, there are still many limitations in competitiveness related to transparency indicators and land availability. Especially during the Covid-19 pandemic, communication between the government and enterprises was untimely, which led to a weakening of leadership dynamism and restricting business support services. According to the results of the study, the authors substantiate proposals to increase the competitiveness of the region in the new economic conditions.