Da Nang (VNA) – The central city of Da Nang has notched a series of strong gains in drawing domestic and foreign capital in recent months, highlighting its growing allure and robust growth prospects.
The coastal hub has kept domestic investors' trust intact while boosting its global footprint, pulling in foreign funds with a transparent business climate, comprehensive support measures and a clear economic path. These wins have cemented Da Nang's status as a top dynamic investment spot in central Vietnam and across the country.
From September 1 to 20, Da Nang logged a sharp surge in domestic investment, with registered capital hitting 45.59 trillion VND (1.75 billion USD), several times the year-earlier pace. The city greenlit two new projects totalling nearly 45.32 trillion VND. A standout was the Lien Chieu container port complex valued at almost 45.27 trillion VND, the year's biggest single investment. One ongoing project hiked capital by 275 billion VND. Project counts held steady from last year, but total capital jumped six-fold.
From January through September 20, Da Nang pulled in 188.64 trillion VND in aggregate domestic investment, seven times the prior-year figure. That covers 79 newly licensed projects worth 94.63 trillion VND and 29 adjustments adding 94.84 trillion VND.
As Da Nang refines its investment appeal and plugs deeper into global supply chains, foreign inflows kept momentum. From the year's outset to September 20, the city amassed a cumulative 429.13 million VND in foreign investment.
Specifically, 87 new foreign projects got licenses for 252.02 million USD in new capital, up 40.3% in count and 58% in value from a year earlier. Thirty-two adjustments added 138.32 million USD while 34 share purchases and capital contributions totalled 42.51 million USD.
Ho Ky Minh, Standing Vice Chairman of the municipal People’s Committee, said the first Party Congress of Da Nang for the 2025–2030 term flagged three strategic priorities: effectively following the special mechanisms and policies, quickly clearing business hurdles to spur private-sector expansion and, at the same time, marshalling resources for modern infrastructure to underpin fast and lasting growth.
The city will rev up a full-throttle economic restructuring, tap its natural edges, and lure funds to the six core sectors to fuel the next expansion wave.
Da Nang is targeting snags in land access, lending, technology, and market entry while delivering hands-on support to small and medium-sized firms, household businesses, and cooperatives. On the flip side, it's crafting incentives for mega projects via public-private partnerships, build-operate-transfer and build-transfer models, especially from strategic investors and top firms. Focus zones include the Free Trade Zone, the International Financial Centre, and the Chu Lai Open Economic Zone.
These moves and pledges attest to Da Nang's resolve to forge an open, clear, and business-welcoming environment, setting the stage for bigger domestic and overseas capital hauls and locking in its spot as a vibrant engine for the central and Central Highlands region./.
