Economics

Da Nang sees breakthrough in investment attraction, FDI surges ninefold

Translated by THƯ LÊ Sep 04, 2025 10:35

DNO - Da Nang has witnessed a remarkable surge in investment inflows, both domestic and foreign, in August and the first 8 months of 2025, underscoring its growing appeal as a leading investment destination in Vietnam.

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Chairman of the Da Nang People's Committee Luong Nguyen Minh Triet (front row, right) and representatives of the Metis Research Institute exchanged a memorandum of understanding at the Vietnam Finance Forum 2025 on August 28. Photo: MAI QUE

According to the city’s latest socio-economic report, between August 1 and 20, domestic investment capital reached VND77.38 trillion (US$ 3.05 billion). This included 3 newly licensed projects worth VND1.99 trillion and one capital adjustment adding VND75.4 trillion.

Cumulatively, from January to August 20, domestic investment amounted to VND 140.47 trillion.

Foreign direct investment (FDI) posted an even stronger performance. From August 1 to 20, Da Nang attracted US$ 94.9 million in FDI, more than 9 times higher than the same period last year, with 10 new projects licensed.

For the 8-month period, the city lured US$333.3 million in FDI, comprising 72 new projects with registered capital of US$ 225.9 million, 24 projects with capital adjustments totaling US$ 86 million, and 29 transactions involving equity acquisitions worth US$21.5 million.

Tran Van Vu, the Head of the Da Nang Statistics Office, emphasized the city’s rising profile as an attractive hub for investors, citing its strategic location, improving infrastructure, dynamic young workforce, and increasingly open policy environment.

He noted Da Nang’s vision to attract high-quality capital flows while advancing its digital economy, smart city development and green growth.

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On August 28, IPTP Networks launched the AIDC DeCenter data center project at the Da Nang High-Tech Park. Photo: MAI QUE

Da Nang leaders have reiterated their commitment to supporting investors with the message: “The success of investors is the success of Da Nang”.

The municipal government has directed agencies to expedite assistance for project implementation, while the municipal Department of Finance is working on promotional campaigns and criteria to attract strategic investors for the city’s future International Financial Centre.

Translated by THƯ LÊ