Da Nang commits to always accompany investors in developing an international financial center.

(Chinhphu.vn) – Da Nang is committed to always accompanying investors in building and developing a modern, creative and trustworthy international financial center in Asia - Pacific.

Investment promotion conference of Vietnam International Financial Center - Photo: VGP/Nguyen Hoang

On the morning of September 30 (local time), in Frankfurt, Federal Republic of Germany, Permanent Deputy Prime Minister Nguyen Hoa Binh attended the Vietnam International Financial Center Investment Promotion Conference organized by the Ministry of Finance in coordination with the Vietnamese Embassy in Germany, the Vietnamese Consulate General in Frankfurt and the People's Committee of Da Nang City.

Accompanying Deputy Prime Minister Nguyen Hoa Binh to attend the Conference, Chairman of Da Nang People's Committee Pham Duc An gave a speech, sharing about the opportunities, potential, preparation, and commitment of Da Nang to accompany investors in building and developing an international financial center.

Possessing a special geostrategic location

Da Nang possesses a special geostrategic position, located in the central part of Vietnam, an important gateway of the East-West economic corridor to the East Sea, close to important trade routes within the framework of the Regional Comprehensive Economic Partnership Agreement and the Comprehensive and Progressive Agreement for Trans -Pacific Partnership, creating favorable conditions for Da Nang to participate deeply in the international supply chain .

Chairman of the People's Committee of Da Nang City Pham Duc An said that after expanding its boundaries to include the former Quang Nam province, Da Nang has become the city with the largest natural area among the centrally-run cities with nearly 12,000 square kilometers and a population of more than 3 million people. This is a great advantage, creating both room for socio-economic development and a need for resources for investment in infrastructure and urban railways to connect and expand urban space, consolidating the foundation for the development of the financial center in the future.

The city also possesses a synchronous transport infrastructure and international connections with the 5-star Skytrax Da Nang International Airport, located right in the city center, currently having nearly 270 flights (arrivals and departures) per day, including more than 100 international flights.

In the near future, Da Nang will upgrade Chu Lai International Airport with an area of ​​2,000 hectares, into one of the three largest airports in Vietnam, planned to reach level 4F, meeting the capacity of 30 million passengers/year and 3 million tons of cargo/year by 2050 along with the largest container seaport in Central Vietnam with 3 large ports, of which Lien Chieu port is preparing to bid to select international investors to build into an international transit port.

Da Nang is also a famous tourist and resort destination. The city has 57 tourist areas and spots, 3 world heritage sites recognized by UNESCO (Hoi An Ancient Town, My Son Sanctuary and Ma Nhai Ngu Hanh Son), 1 world biosphere reserve Cu Lao Cham; a coastline of more than 215 km with many beautiful bays and beaches. In the first 8 months of 2025 alone, the city welcomed more than 12.8 million overnight guests, including more than 5 million international visitors (equivalent to 36% of the total number of international visitors to Vietnam in the first 8 months of 2025), tourism revenue reached nearly 1.5 billion USD.

Not only that, Da Nang is also known as one of the innovation centers of Vietnam. With the available foundation, Da Nang is focusing on investing and developing to become a center for testing and developing new technologies, from the Internet of Things to artificial intelligence and blockchain.

Da Nang is also the first city in Vietnam to establish a free trade zone, along with a system of concentrated information technology zones, open economic zones, high-tech zones, industrial zones and high-class accommodation facilities, creating a rich ecosystem for Da Nang to undertake the mission of building a real, long-term international financial center.

Chairman of the People's Committee of Da Nang City Pham Duc An shares about the opportunities, potential, preparation, and commitment of Da Nang to accompany investors in building and developing an international financial center - Photo: VGP/Nguyen Hoang

International financial center develops based on 3 main pillars

According to Chairman of the People's Committee of Da Nang City Pham Duc An, the Vietnam International Financial Center in Da Nang City will develop based on two main pillars: Green finance, trade finance and financial technology, digital assets.

Da Nang is determined to become a "laboratory" for new financial models, from digital assets, digital currencies, digital payments to blockchain and artificial intelligence application solutions, along with the strong development of fund management activities to support financial technology startups.

At the same time, the City will encourage green financial products and initiatives to align with the country's net zero emissions target and the international vision of sustainable development, promoting the potential of renewable energy and sustainable tourism.

Da Nang also focuses on developing cross-border trade finance associated with seaports, logistics, international tourism, along with offshore financial services for organizations, FDI enterprises and global investors. In particular, it focuses on creating a favorable financial environment for small and medium enterprises as well as innovative startups to create a diverse, dynamic and creative financial ecosystem associated with core values ​​such as green, smart, digital, innovative, inclusive and customer-centric, bringing a good quality of life.

To implement the above orientation, immediately after the policy on developing an international financial center of Vietnam in Da Nang, in addition to consulting and coordinating with central ministries and branches to complete the legal framework, the City has urgently deployed investment in infrastructure, human resources and improved living and working environment to serve the formation of an ecosystem for an international financial center.

Specifically, Da Nang has arranged more than 300 hectares of land right in the city center, within a radius of 5-10 km from Da Nang International Airport. This includes a plan to build a financial district reclaimed from the sea in Da Nang Bay (282 hectares), connecting the financial center with free trade zones and resort tourism, ensuring working and living space according to international standards. In addition, a 20-storey building with a floor area of ​​more than 27,000 m2 at Software Park No. 2 is ready to be the initial headquarters for the International Financial Center.

Chairman of the People's Committee of Da Nang City Pham Duc An and CEO of Frankfurt Finance Hubertus Vath signed a memorandum of understanding on cooperation in developing an international financial center - Photo: VGP/Nguyen Hoang

At the same time, the City is also focusing on developing an international standard education and healthcare system, including international schools and JCI standard hospitals . Along with the air quality and pollution (AQI) guaranteed at Good level, Da Nang is focusing on creating a complete "work - relax - create" ecosystem for experts, investors, digital nomads, maintaining a safe, clean, transparent living environment, the factor that has made the brand "worth living city" for many years. This will be a competitive advantage for Da Nang to attract and retain talent, as well as global corporations.

The city is also developing 7 data centers; has 5G coverage with the highest average speed in Vietnam; is preparing procedures to deploy investment in a second submarine fiber optic cable station, contributing to ensuring Vietnam's international connections .

Identifying human resources as the key factor, Da Nang has selected talented staff, including internationally trained doctors, associate professors, financial experts, and judges, to send them for internships and to attend specialized training courses at major financial centers.

In parallel, training institutions in the city have built long-term training programs on international finance, fintech and international trade law in a bilingual direction, integrating international vocational certificates to provide high-quality human resources, serving directly for the financial center.

To ensure substantial preparation, the City has established a preparatory committee and a working group, established an advisory council, and at the same time implemented a trial operation of the International Financial Center's executive agency, developed a one-stop administrative procedure set, and compiled an investment handbook based on international experience to prepare for actual implementation after the Vietnam International Financial Center is established.

In particular, Da Nang has signed nearly 20 memorandums of cooperation with global financial and technology institutions, including Abu Dhabi Global Market, Binance, Bybit, Tether, DTCpay, APEX Group, Swiss Fintech Association... to share management, operation, human resource training experiences, connect and introduce investors, financial institutions, and investment funds to the Vietnam International Financial Center in Da Nang city.

"With all that Da Nang has been preparing, along with the high determination and close direction of the Government leaders and ministries, the sharing of experience and technical support from leading international financial centers, global financial and technology institutions, we believe that the Da Nang International Financial Center will soon come into operation. Da Nang City is committed to accompanying investors throughout the process, from idea to implementation; ensuring a transparent and flexible legal framework in accordance with international standards; creating a safe, modern, friendly working and living environment with great development potential to build and develop a modern, creative and trustworthy international financial center in Asia - Pacific", Chairman of Da Nang People's Committee Pham Duc An said.

At the Conference, witnessed by Deputy Prime Minister Nguyen Hoa Binh and delegates, Chairman of the People's Committee of Da Nang City Pham Duc An and CEO of Frankfurt Finance Hubertus Vath signed a memorandum of understanding on cooperation in developing an international financial center./.

Nguyen Hoang

Source: https://baochinhphu.vn/da-nang-cam-ket-luon-dong-hanh-cung-cac-nha-dau-tu-trong-phat-trien-trung-tam-tai-chinh-quoc-te-102251001110235248.htm