Da Nang, one of Vietnam’s six centrally governed cities, is positioning itself as the country’s next economic powerhouse, driven by world-class infrastructure, innovation-driven industries, and progressive economic policies.

At the Da Nang Investment Forum 2025, held in Singapore on Monday ( March 3 ), officials highlighted two key drivers for the city's future development – the Da Nang International Financial Centre and the Da Nang Free Trade Zone – which align with Vietnam’s strategic ambition to become a key financial hub in Southeast Asia.

With a strong regulatory framework and significant infrastructure investments, Da Nang aims to attract financial institutions, asset managers, and fintech firms looking to expand into the Asean market.

The investment forum, organized by the People’s Committee of Da Nang City in collaboration with Terne Holdings, brought together close to 200 government leaders, global investors, and financial experts to explore the city’s transformation into a dynamic financial centre and the opportunities it presents for international investors in Singapore.

The forum, a key highlight of Da Nang’s high-level delegation visit to Singapore, was officiated by Nguyen Van Quang, secretary of the Da Nang Municipal Party Committee and head of the National Assembly Delegation of Da Nang City, alongside Vietnamese ambassador to Singapore Tran Phuoc Anh.

“Da Nang is rapidly developing and actively embracing scientific advancements to drive its growth. As Vietnam pursues its ambition of becoming an international financial centre in Southeast Asia, Da Nang plays a crucial role in realizing this vision by creating value-driven opportunities in the financial sector,” says ambassador Tran Phuoc Anh.

“Singapore, already one of Vietnam’s largest investors, is poised to strengthen its economic ties further. With a commitment to increasing bilateral trade by 10% annually, both nations are working towards reaching a trade volume of over US$31 billion, solidifying their strategic economic partnership.”

Following Politburo approval in November 2024, Da Nang is advancing plans to establish Vietnam’s first regional financial centre, positioning itself as a key player in the global financial landscape.

The Da Nang International Financial Centre ( DNIFC ) aims to serve as a strategic hub for international trade and green finance, fintech and digital economy, and commodity trading.

Strategically located on a 6.17-hectare prime site, DNIFC will feature luxury office spaces, fintech hubs, and investment support services, with future expansion planned across 62 hectares. This initiative aims to position Da Nang as a premier financial gateway, attracting global investors and reinforcing its role in Vietnam’s rapidly evolving financial sector.