Three pillars make Da Nang a destination for international capital flows

Nguyễn Hoàng |

Da Nang prepares a legal framework for the International Financial Center, to be completed before November 15.

On the morning of November 6, the People's Committee of Da Nang City coordinated with the International Finance Corporation (IFC) to organize a seminar on "P positioning and developing the International Financial Center in Da Nang", gathering nearly 200 delegates, speakers and experts from home and abroad.

Quang canh toa dam
View of the seminar. Photo: M.Quang

In his opening speech, Permanent Vice Chairman of the Da Nang People's Committee Ho Ky Minh emphasized the goal of building Da Nang into a destination for international transactions and capital flows, based on three pillars: green finance, commercial finance, fintech and digital assets. The city is oriented to become a laboratory for a new financial model from digital assets, digital payments, blockchain applications, AI to fund management activities to support fintech startups while promoting green financial initiatives associated with the goal of net zero emissions.

Ong Ho Ky Minh - Pho Chu tich Thuong truc UBND thanh pho Da Nang phat bieu khai mac toa dam. Anh:
Mr. Ho Ky Minh - Permanent Vice Chairman of Da Nang City People's Committee delivered the opening speech. Photo: M.Quang

According to the city's leaders, Da Nang has the advantage of being the gateway to the East-West Economic Corridor, infrastructure connecting airports - seaports - logistics, and a rapidly growing innovation ecosystem, creating a foundation to attract institutions, funds and FDI enterprises. The city is coordinating with ministries and branches to complete the legal framework for the Vietnam International Financial Center in Da Nang, expected to be submitted before November 15.

The seminar took place over two days (November 6'7th, 2025) with two topics: attracting sustainable financial services and developing a competitive ecosystem for digital assets; discussing key topics such as trade finance, green finance, digital asset development, commodity exchanges, etc.

Da Nang leaders expect the recommendations at the seminar to become specific policy suggestions and action orientations, making Da Nang an attractive destination for financial transactions and innovation in the region.

Nguyễn Hoàng
RELATED NEWS

Da Nang invests in a drainage and urban flood prevention project worth over VND342 billion

|

Da Nang - The drainage line on Tran Nam Trung Street, reducing flooding in Hoa Xuan area, has been invested with more than 342 billion VND.

The Government discusses establishing a bank and preventing money laundering at the Financial Center

|

The Government will review and give opinions on licensing the establishment and operation of banks, foreign exchange management, and money laundering prevention at the International Financial Center.

Building an international financial center is a sprint

|

The policy of building an International Financial Center (TTTCQT) in Ho Chi Minh City and Da Nang is no longer a plan on paper. Both localities are moving quickly and specifically, with quite urgent and drastic steps. Although each locality has implemented different preparation steps independently, it can be seen that both Da Nang and Ho Chi Minh City are synchronously focused on three pillars: institutions, infrastructure and human resources.

International beauties, used cars add sparkling beauty to Da Lat streets

|

Da Lat - Da Lat City of Thousands of Flowers is more sparkling with the participation of nearly 80 international beauties and dozens of ancient cars participating in the parade through the streets.

Electricity says Ecohome Nhon Binh lacks cooperation in power generation

|

Gia Lai - Regarding the prolonged power outage at Ecohome Nhon Binh Social Housing Apartment, the Electricity sector said it has provided full support but the repair process is still very slow.

Thien Khoi FC crowned champion of the 2025 National 7-a-side Football Cup

|

Defeating Dai Tu in a dramatic final match, Thien Khoi FC became the champion of the 2025 Hyundai Thanh Cong Cup National 7-a-side Football Cup (VSC-S5).

Traffic ban on Prenn Pass to Da Lat from tomorrow afternoon, December 8

|

Lam Dong - The ban on traffic on Prenn Pass will take place from 11am to 5pm on December 8 to cut down trees at risk of falling, causing traffic insecurity.

Gia Bac Pass in Lam Dong opens to traffic after 5 days of paralysis due to serious landslides

|

Lam Dong - At 5:00 p.m. this afternoon, Gia Bac Pass officially opened the route, vehicles on National Highway 28 began traveling again after a period of paralysis due to landslides.

Da Nang invests in a drainage and urban flood prevention project worth over VND342 billion

Hoàng Bin |

Da Nang - The drainage line on Tran Nam Trung Street, reducing flooding in Hoa Xuan area, has been invested with more than 342 billion VND.

The Government discusses establishing a bank and preventing money laundering at the Financial Center

PHẠM ĐÔNG |

The Government will review and give opinions on licensing the establishment and operation of banks, foreign exchange management, and money laundering prevention at the International Financial Center.

Building an international financial center is a sprint

Thanh Hải |

The policy of building an International Financial Center (TTTCQT) in Ho Chi Minh City and Da Nang is no longer a plan on paper. Both localities are moving quickly and specifically, with quite urgent and drastic steps. Although each locality has implemented different preparation steps independently, it can be seen that both Da Nang and Ho Chi Minh City are synchronously focused on three pillars: institutions, infrastructure and human resources.