Ready clean land
Secretary of the Da Nang City Party Committee, Mr. Nguyen Van Quang said that Da Nang has met all the conditions to soon form a regional financial center in Da Nang. "Immediately after the National Assembly passes the Resolution on the Vietnam Financial Center, Da Nang City will establish a preparatory committee to establish a regional financial center in the city," Mr. Quang shared about Da Nang's readiness.
Regarding the land fund for the development of the Regional Financial Center, Da Nang City has planned and arranged clean land fund located right in the central urban area of the city. In 2025, Da Nang will use a part of the area of Software Park No. 2 to arrange temporary working headquarters for the Preparatory Committee for the establishment of the Regional Financial Center and for agencies and organizations under the Regional Financial Center in Da Nang City after its establishment.
By the end of 2025, Da Nang will complete the investment in construction of a 22-storey building at Software Park No. 2 with a construction floor area of more than 27,000 m2 to immediately meet the operational needs of the Regional Financial Center in Da Nang City.
In the period of 2025-2027, Da Nang will promote attracting infrastructure investment and developing the Financial Center ecosystem in clean land near the sea with an area of nearly 18 hectares to immediately build a Regional Financial Center. In the long term, by 2030, the City will convert Da Nang Industrial Park into An Don Financial District with an area of 62 hectares.
Da Nang is also implementing a sea reclamation project in Da Nang Bay, with a scale of nearly 1,500 hectares, with many characteristics such as artificial islands, sea reclamation, creating about 48 km of new sea route, forming a new urban area with the functions of a free trade zone, a regional financial center associated with high-class resort tourism and shopping services.
In addition, Da Nang City is preparing connecting infrastructure and infrastructure to support the formation of a regional financial center ecosystem, by accelerating the implementation of important projects in the fields of science, technology, and innovation such as the Artificial Intelligence Lab Project; Da Nang Innovation Space; Software Park No. 2; Viettel Da Nang Building; Hoa Xuan Creative Space Project...
Attract strategic investors
An important factor to form a financial center is human resources and attracting financial institutions, which Da Nang has fully converged.
Mr. Nguyen Van Quang said that many strategic investors are interested and ready to invest in the Regional Financial Center in Da Nang. Up to now, the City has received great interest and specific commitments from more than 10 investors.
Of which, 3 joint venture investors such as Makara Capital, Terne Holding, Trump Organization expressed interest, researched and wished to be selected as strategic investors to develop the Regional Financial Center in Da Nang in the direction of linking with innovation, green finance, financial technology, trade finance; controlled testing of some new models such as digital assets, digital currency...
Regarding human resources, Da Nang City has prepared personnel and will immediately establish a preparatory committee to establish a regional financial center with 27 members and an advisory council of 10 people, including international experts in the field of finance and currency, with experience in managing and operating international financial centers, and domestic financial experts. In addition, 10 civil servants and public employees will be sent to learn from large international financial centers.
“The regional financial center in Da Nang has received great attention from financial institutions and strategic investors. In particular, investors are very interested in 5 coastal land plots, ready to invest about 11 billion USD in the form of PPP to build the financial center,” Mr. Nguyen Van Quang shared.
According to the People's Committee of Da Nang City, during the implementation process, the City closely coordinated with the Ministry of Finance to consult with financial institutions, investment funds, consulting organizations, law firms and reputable international organizations and other domestic and international organizations and experts to coordinate in building and consulting the Draft Resolution of the National Assembly on the International Financial Center in Vietnam. This is an important factor for the City to prepare the conditions for the formation of the Financial Center.
Source: https://baodautu.vn/da-nang-san-sang-nen-tang-xay-dung-trung-tam-tai-chinh-d314703.html
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