Special mechanism "unlocks" for Da Nang to take off

A series of special mechanisms and policies have "unlocked" a new development phase in Da Nang city. The Resolution of the 1st Congress of the City Party Committee identified one of the three breakthrough tasks in the coming time as: "effectively implementing special mechanisms and policies; removing difficulties and obstacles, strongly developing the private economy, mobilizing investment resources to develop infrastructure, promoting rapid and sustainable growth.

Lesson 1: The initial "sweet fruits"

Having been granted many special mechanisms and policies by the Central Government, Da Nang City has quickly institutionalized and put them into practice. Thanks to that, many "bottlenecks" regarding land and projects have been gradually removed; new models such as the International Financial Center and Free Trade Zone have been initially deployed, attracting the investment interest of many large enterprises.

Specific mechanisms are institutionalized promptly.

According to the Resolution of the 1st Congress of the City Party Committee, one of the three strategic breakthroughs identified is the effective implementation of special mechanisms and policies of the National Assembly and the Government specifically for the city. This is considered an important solution for Da Nang to exploit its full potential and overcome difficulties that have lasted for many years.

The Central Government has granted many special mechanisms to Da Nang City in recent times.

In just over a year, many important mechanisms have been issued: Resolution 136/2024/QH15 on the organization of urban government and piloting specific mechanisms and policies for the development of Da Nang; Resolution 170/2024/QH15 and Decree 76/2025/ND-CP on removing obstacles in land and projects; Resolution 222/2025/QH15 on the construction of an international financial center; and Conclusion 79-KL/TW (2024) on continuing to implement Resolution 43-NQ/TW of the Politburo .

At the local level, the People's Council of Da Nang City has proactively issued many resolutions specifying specific mechanisms, such as: Resolutions 57, 58, 59/2024 on the development of microchip technology and artificial intelligence; Resolution 15/2025 on the development of high-quality human resources; and resolutions to support investment in mountainous infrastructure, storm-proof housing, clean water supply, and agricultural incentives.

In order to concretize the contents of Resolution 136/2024/QH15 on the organization of urban government and piloting specific mechanisms and policies for the development of Da Nang, the City People's Council has researched and issued 19 resolutions. Of which, 14 resolutions were issued in 2024, 5 resolutions were issued in 2025. The issued resolutions cover many fields, from construction, land, science and technology to industry, finance - budget...

Da Nang City has made full use of special mechanisms to remove "bottlenecks".

Vice Chairman of the City People's Council Tran Xuan Vinh emphasized: Along with issuing resolutions, the People's Council closely monitors the implementation process, from disbursement of public investment capital, fulfillment of financial obligations, to social security and poverty reduction policies.

International Financial Center and FTZ: New “boost” for Da Nang

Implementing Resolution 222/2025/QH15 and Decision 1142/QD-TTg, Da Nang has started the construction of the Vietnam International Financial Center and the Free Trade Zone (FTZ) - two new models expected to become a "boost" for the city's economy.

The working delegation of the National Assembly Standing Committee inspected the construction of the International Financial Center in Da Nang City. Photo: TT

Regarding the Da Nang FTZ, according to Director of the Department of Finance Tran Thi Thanh Tam, the city has issued outstanding incentive mechanisms: special investment procedures, customs priority, tax exemptions, land incentives. Up to now, 8 strategic investors have signed memorandums of understanding, including large corporations such as Sun Group, BRG, Phu My, Phuong Trang, Newtechco, Phytopharco... The city has also implemented planning procedures, connecting infrastructure, selecting strategic investors associated with Lien Chieu port and the International Financial Center.

Regarding the International Financial Center, Director of the Department of Finance Tran Thi Thanh Tam said that there have been more than 10 international investors interested, of which 3 large consortia (Makara Capital, Terne Holding, Trump Organization) wish to become strategic investors. This model targets the fields of green finance, fintech, digital assets, trade finance, taking advantage of Da Nang's geopolitical position and digital infrastructure. The city also promotes cooperation with Viettel, FPT, VNPT, CMC to develop data infrastructure and technology to serve the center. In addition, Da Nang also identified THACO as the key group in industrial development, supporting the service ecosystem associated with the financial center and FTZ.

“With determination and the right policies, when the city accompanies businesses, the great potential of the private economy will be unleashed, contributing to the successful implementation of the goals set by the City Party Congress,” affirmed the Director of the Da Nang Department of Finance.

Many land "bottlenecks" are gradually being removed.

In the land sector, the city has established 3 specialized working groups to review 1,313 problematic files. Results: 730 cases had their land use term adjusted, 566 files were processed, 16 projects completed their financial plans. Many large projects that have been backlogged for many years such as Da Phuoc Urban Area (181 hectares), Chi Lang Stadium, Ghenh Ban - Bai Da have had specific solutions.

At the same time, the city has recovered more than 2,000 billion VND of assets related to land violations. In the period 2023 - 2025, Da Nang organized 11 large land auctions, collecting 1,869.46 billion VND; auctioned 57 individual residential land lots, collecting 306.8 billion VND. In the upcoming plan, the city will continue to auction 19 land lots, 215 land lots, expected to collect 7,815 billion VND.

Initial results from the implementation of the special mechanism show that Da Nang is on the right track. Land "bottlenecks" are gradually being removed, the investment environment is transparent, opportunities to attract strategic investors are expanding, and the development gap between the central urban area and the mountainous areas is gradually narrowing.

Source: https://daibieunhandan.vn/co-che-dac-thu-mo-khoa-cho-da-nang-cat-canh-10388551.html