Establishment of Danang City Development Investment Fund

The City People's Council has just issued Resolution No. 22/NQ-HDND approving the project to establish the Da Nang City Development Investment Fund.

Accordingly, the Da Nang City Development Investment Fund was established on the basis of merging the Quang Nam Development Investment Fund and the old Da Nang City Development Investment Fund.

This is an extra-budgetary state financial fund established by the City People's Committee, operating independently from the state budget, financially autonomous, not for profit, preserving and developing capital.

The People's Committee of Da Nang City performs the function of representing the State owner and directly manages the entire operation of the Fund according to the provisions of Decree No. 147/2020/ND-CP of the Government regulating the organization and operation of the Local Development Investment Fund and relevant legal provisions.

Head office of Da Nang City Development Investment Fund at 18 Yen Bai , Hai Chau ward. Charter capital 1,253.4 billion VND.

The Fund's management and operation apparatus includes: Board of Management, Board of Supervisors and Executive Board.

This Resolution comes into force from August 12, 2025.

Source: https://baodanang.vn/thanh-lap-quy-dau-tu-phat-trien-thanh-pho-da-nang-3300330.html