Positioning Da Nang as a pioneering financial destination
DNO - At the 2025 Swiss - Viet Economic Forum (SVEF), Government officials, experts, and financial organisations agreed that Da Nang is actively transforming itself into a pioneering financial destination.
Harnessing technological advantages
Da Nang is currently holding a strong advantage in information technology and digital transformation which has been recognised by multiple national and international awards.
The city is developing seven data centres, leading the country in 5G speeds, and preparing to launch the second submarine cable landing station to boost global connectivity.
In addition, Da Nang is fast-tracking preparations for its international financial centre.
Michael Langford of Airguide Group said Da Nang’s strong green-transition goals and infrastructure potential make it a magnet for sustainable investment. The city’s focus on renewable energy and smart-city technologies attracts “the right kind of capital”.
Nguyen Ba Hung of the Asian Development Bank called the financial centre project “strategic and timely,” citing its role in drawing foreign investment and helping local SMEs access quality capital and modern financial services.
New momentum, new opportunities
Nguyen Anh Tuan, Deputy Director General of Vietnam’s Foreign Investment Agency, said Da Nang is tapping new growth engines through the development of an international financial centre and a free trade zone.
He noted the centre would act not only as a trading hub but also as a magnet for capital, talent, and technology, operating on market principles with sound governance and financial security.
Le Anh Dung, Deputy Director of the State Bank’s Payment Department, said Vietnam aims to complete the core legal and infrastructure framework for the financial centres by 2028.
The plan includes tax incentives, simplified procedures, and a one-stop service for foreign investors, along with legal frameworks for cross-border and digital finance in line with global standards.
Mr. Dung said Da Nang is developing a sandbox mechanism to pilot innovative financial products in green finance and asset management, stressing that trust and regulatory certainty are vital to international partners.
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Serving as a strategic East-West gateway and a key hub of the South Central Coast, Da Nang benefits from modern infrastructure, stable policies, and a skilled workforce. The city is encouraged to prioritise green finance, carbon credit trading, and cross-border trade finance associated with the free trade zone.