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DNO - Da Nang is adding financial technology (fintech) to its development orientation in the coming period, reflecting its ambition to diversify into high-value digital services.
Attractive investment destination
The city’s administration has approved 36 investment-related decisions, including licenses linked to the Vietnam International Financial Centre.
A significant number went to technology and fintech firms, underscoring the city’s rising appeal as a destination for advanced, high-value investment.
By the end of 2025, Da Nang had 26 enterprises engaged in semiconductor integrated circuit design, more than three times the number recorded in 2024.
Two companies, FPT Corporation and Marvell Vietnam Technology Co., Ltd., have been officially recognized as strategic partners in the semiconductor and artificial intelligence sectors. Seventeen enterprises have also been certified as semiconductor and AI companies eligible for tax incentives.
Existing investors are expanding their commitments alongside new inflows. South Korea’s Dentium Group is implementing the third phase of its ICT Vina medical equipment manufacturing project at the Da Nang Hi-Tech Park, with an additional investment of US$177 million.
The group plans total investment of US$ 257 million across three phases and expects to employ around 1,500 workers, while also developing a hydrogen ecosystem to reduce carbon emissions and improve energy efficiency.
In addition, Danapha Pharmaceutical JSC is set to begin operations at its pharmaceutical manufacturing plant and high-tech research and development center in the first quarter of 2026.
As reported by the Department of Science and Technology, total revenue of the information technology and postal-telecommunications sector (digital technology) in 2025 is estimated at VND 43.6 trillion (estimated at around US$1.66 billion), up 11% from 2024. Software export turnover reached US$185 million, representing an increase of around 12% year on year.
Developing a fintech hub
Under the project titled “Formation and Development of a Fintech Hub in Da Nang,” the city aims to build a regulatory sandbox framework during the 2026 - 2027 period, while attracting two to three startups, major technology firms and reputable service providers in digital assets, cryptocurrencies and digital banking.
In the subsequent phase from 2027 to 2035, Da Nang plans to cooperate with technology service providers to develop a comprehensive fintech sandbox supported by robust infrastructure, laying the foundation for a complete fintech ecosystem.
Assessing Da Nang’s fintech potential, Le Duc Hanh, Chief Executive Officer of PayD JSC, a member of the Vietnam International Financial Centre in Da Nang, said the city’s decision to allow pilot models such as PayD has been widely viewed by experts as evidence of a “cautious but open” approach to digital assets.
While encouraging innovation and creating momentum for the digital economy, the government continue to prioritize financial system security and user protection.
Membership in the financial centre, he noted, not only enhances corporate branding but also enables companies to refine their business models and deploy digital assets in support of the real economy.
Da Nang is well positioned to advance fintech development thanks to its special policy mechanisms in science, technology, semiconductors and artificial intelligence.
Building on its success in hosting international events, the city is also considering organizing dedicated fintech conferences, focusing on emerging areas such as blockchain, cryptocurrencies and digital payments, to stimulate new ideas and drive both domestic and international demand for fintech solutions.