Da Nang City, a new financial destination
DNO - On January 9, the Vietnam International Financial Centre (VIFC) opened its Da Nang office at Software Park No. 2, marking a key step in the city’s plan to become a regional financial hub.
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A journey of building
The idea of a financial centre in Da Nang began taking shape in 2019 - 2020, setting the goal of transforming the city into a major regional financial hub.
Nearly five years later, the Politburo issued Notification 47-TB/TW in November 2024 approving the policy to develop a regional and international financial centre, with the master plan completed the same year, marking a key milestone in Da Nang’s long-term effort.
On December 21, 2025, the Government established the VIFC and launched its Governing Council, with the Da Nang Chairman serving as Vice Chairman. The city also unveiled its executive agency with one chairman, two vice chairmen and five units.
Da Nang is finalising eight guiding decrees with national ministries and consulting experts on development priorities. To build human resources, the Executive Agency issued Plan 01/KH-VIFCDN on January 6, 2026 to recruit high-quality staff.
Ready for operation
Da Nang has set aside 4,046m² at the ICT1 building as the VIFC’s initial headquarters, with full workspace and IT facilities, while a 20-storey building in Software Park No. 2 becomes the long-term base.
From 2026 to 2027, the city will develop an 18-hectare ecosystem supported by major innovation projects such as AI labs, data centres and an undersea cable landing station.
Da Nang is also expanding international links, with nearly 70 organisations expressing interest and more than 20 memorandums of understanding signed with partners including Binance, Tether, Bybit, Abu Dhabi Global Market, APEX Group, the Swiss Fintech Association and Frankfurt Main Finance.
Commitment to investors
Da Nang outlined four priorities for operating the financial centre:
- Finalising organisational structures and criteria for strategic investors;
- Establishing a streamlined one-stop mechanism for investment, finance, immigration and accommodation;
- Piloting priority models in fintech, green finance, supply-chain finance and digital finance;
- Ensuring system security and compliance with international standards.
The city pledged strong support for investors through a transparent legal framework, a modern living environment and an innovation-driven ecosystem befitting an international financial hub.