Da Nang makes breakthrough in attracting investment

The domestic and international investment capital flowing into Da Nang in August and the first 8 months of 2025 has clearly made a breakthrough, showing the city's growing attraction on the investment map. Not only thanks to its strategic location and gradually improving infrastructure, but also the open policy and commitment of the government.

Chairman of the City People's Committee Luong Nguyen Minh Triet (front row, right) and representatives of the Metis Research Institute exchanged a memorandum of understanding at the Vietnam Finance Forum 2025 (August 28). Photo: MAI QUE

Event and investment destination

From the second half of August 2025, a series of large-scale investment promotion events will be jointly organized by the city and its partners.

On August 18, the investment promotion conference with the theme "Creating development space with Da Nang Free Trade Zone" was organized by the City People's Committee and the Management Board of Da Nang High-Tech Park and Industrial Parks.

The event took place after the Prime Minister issued Decision No. 1142/QD-TTg on the establishment of Da Nang Free Trade Zone with a total area of ​​1,881 hectares, including 7 functional areas.

Each region has a separate role, but together they aim for the common goal of promoting international integration, applying superior preferential mechanisms in customs, taxes, logistics, investment, technology and services, thereby forming a new growth pole of the Central Highlands.

On August 26 and 27, more than 3,500 delegates came to Da Nang to attend the HorecFex 2025 event - the largest exhibition and technology forum for the HORECA (hotel, restaurant and catering) industry in Vietnam, organized by the Vietnam Hotel Association in coordination with the Ariyana International Convention Palace.

Mr. Nguyen Trung Khanh, Director of the National Tourism Administration (Ministry of Culture, Sports and Tourism) assessed this as a breakthrough event, promoting innovation and cooperation in the HORECA industry; at the same time, he affirmed that the forum is a great opportunity for businesses to optimize management, adopt new technology and promote sustainable development for the industry.

In particular, during the 3 days of August 28-30, the People's Committee of Da Nang City and the Central Policy and Strategy Committee organized the Da Nang Finance and Tech Week 2025 - Da Nang Finance and Tech Week (DFTW) 2025. This is a series of important activities to promote international cooperation, attract investment and develop key science and technology fields that Da Nang is focusing on and prioritizing implementation.

In which, the events: Vietnam Annual Financial Forum 2025 (August 28); Vietnam Blockchain Festival 2025 (August 29); Da Nang Semiconductor Day 2025 (August 30) promote the potential, advantages, cooperation and investment opportunities of Da Nang and Vietnam to the business community, investors and international organizations.

At DFTW 2025, a series of memorandums of understanding were signed between the city and domestic and foreign partners. Specifically: Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Tether Operations Group, SSI Securities Corporation, Vietnam Payment Solutions Corporation (VNPAY), ARK Global Corp Fund, APEXGROUP Corporation, Global Green Growth Institute (GGGI), Metis Research Institute, Swiss Fintech Association, Association of Young Vietnamese Entrepreneurs in Europe (VYBE)...

Thereby, aiming to build the Danang brand to become a new center of international finance, innovation and core technology in Vietnam and the region, developing rapidly and sustainably based on science, technology, innovation and international integration.

A series of projects started and launched

On August 19, the Da Nang Downtown high-end cultural, entertainment and commercial service complex project was started by Sun Group with a total investment of about 79,790 billion VND and a scale of 76.92 hectares, including: Cultural and entertainment park, theater, commercial area, green park by the Han River and the 69-storey iconic tower, the tallest in the Central region.

On August 28, THACO Group held a groundbreaking ceremony for the Chu Lai Truong Hai Automobile Mechanical Industrial Park expansion. Photo: MAI QUE

Immediately after that, on August 27, Sun Group Corporation and the City People's Committee held a groundbreaking ceremony, kicking off investment in construction and business of infrastructure of functional area No. 5 - Da Nang City Free Trade Zone with a total investment of more than 808 billion VND on an area of ​​90 hectares; cable car line No. 9 and a cluster of resort hotels, entertainment houses, multi-purpose performance houses belonging to the Ba Na - Suoi Mo ecological and urban tourism complex... with a scale of up to 52,000 billion VND.

On August 28, THACO Group held a groundbreaking ceremony for the Chu Lai Truong Hai Automobile Mechanical Industrial Park expansion, planned on an area of ​​115 hectares with a total investment of nearly VND8,000 billion. This is an expanded mechanical center, playing the role of connecting mechanical products and spare parts from THACO's existing factories in Chu Lai, creating products, automation equipment, smart control and high-tech products.

Mr. Nguyen Hoang Tue, Deputy General Director of THACO Group, General Director of THADICO Agricultural Construction Company Limited, said that THACO will continue to develop a highly qualified and specialized workforce, inviting domestic and foreign experts, thereby improving innovation capacity, creating breakthrough products in technology, meeting market trends and needs, and participating deeply in the global supply chain.

On the same day, global telecommunications and infrastructure group IPTP Networks launched the AIDC DeCenter data center project at Da Nang Hi-Tech Park.

According to Head of the Management Board of Da Nang High-Tech Park and Industrial Zones Vu Quang Hung, the total registered investment for phase 1 of AIDC DeCenter Data Center is 20 million USD and the total investment of the entire project is expected to be about 200 million USD.

The project is expected to start construction of the factory in the fourth quarter of 2025 and officially operate from the fourth quarter of 2027.

The successful attraction of the Data Center project to Da Nang High-Tech Park is a testament to the strong development and reliable destination of investors in Da Nang, a high-tech center of the Central Highlands region.

FDI attraction increased 9 times

According to the report on the city's socio-economic situation in August and the first 8 months of 2025 recently announced by Da Nang Statistics, from August 1 to August 20, 2025, domestic investment attraction reached 77,385 billion VND, including 3 newly licensed projects with a total capital of 1,986 billion VND and 1 project with an additional capital increase of 75,399 billion VND. In the first 8 months of 2025 (from January 1 to August 20, 2025), the total domestic investment capital reached 140,470 billion VND.

On August 28, the global telecommunications and infrastructure group IPTP Networks launched the AIDC DeCenter data center project at the Da Nang High-Tech Park. Photo: MAI QUE

Regarding foreign direct investment (FDI), from August 1 to August 20, 2025, Da Nang attracted 94.9 million USD, an increase of more than 9 times over the same period last year; of which 10 projects were newly licensed with a total registered capital of 94.8 million USD.

From January 1 to August 20, 2025, the city attracted 333.3 million USD; of which 72 new projects were granted with newly registered capital of 225.9 million USD; 24 projects adjusted to increase or decrease capital with a total capital of 86 million USD; 29 purchases of capital contributions in economic organizations with a total value of 21.5 million USD.

Mr. Tran Van Vu, Chief of Da Nang Statistics Office, commented that Da Nang is affirming its position as an attractive investment destination thanks to its strategic geographical advantages, gradually synchronous infrastructure system, young and dynamic workforce and increasingly open policy environment. With the orientation of attracting high-quality capital flows, the city aims to be a pioneer in developing the digital economy, building smart cities and promoting green growth.

At recent major investment promotion conferences and events, city leaders affirmed: “The success of investors is the success of the city”, Da Nang authorities affirmed their commitment to accompany and create the most favorable conditions for investment projects to be implemented effectively and sustainably. At the same time, they requested the city’s departments, branches and sectors to urgently take action to support investors in implementing projects.

Ms. Tran Thi Thanh Tam, Director of the Department of Finance, said that the department continues to coordinate with departments, branches and sectors to advise the City People's Committee to organize a communication campaign to promote tourist destinations and the Vietnam International Financial Center in Da Nang City in some major financial cities; advise on criteria for selecting members of the Financial Center and strategic investors to be ready to welcome investors.

Source: https://baodanang.vn/da-nang-but-pha-thu-hut-dau-tu-3300991.html