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| Mr. Ho Ky Minh - Permanent Vice Chairman of Da Nang City People's Committee shared about the plan and orientation of Da Nang City in building the Vietnam International Financial Center in this city. |
Positioning Da Nang to converge digital finance, fintech and blockchain trends
Sharing at the sideline event within the series of activities of GM Vietnam 2025 with the theme "International Financial Center and Sharing Perspectives on Digital Assets", Mr. Ho Ky Minh, Permanent Vice Chairman of the People's Committee of Da Nang City said that the 20-storey building in Software Park No. 2 with a construction floor area of over 27,000 m² is expected to be put into use at the end of 2025, early 2026. The building is located right at the river mouth overlooking Da Nang Bay and a few kilometers from the administrative center and is equipped with a system of computing servers, storage and intelligent monitoring and operating infrastructure to be able to immediately meet the operational needs of the Vietnam International Financial Center in Da Nang.
This is one of the proactive and comprehensive preparations of this city in recent years.
“ Together with central agencies to build the Vietnam International Financial Center in Da Nang and Ho Chi Minh City, Da Nang City has devoted all its efforts to realizing the goal of building a modern financial ecosystem, creating a foundation for socio -economic growth in the new period . This is not only a simple economic goal but also a major decision to realize Vietnam's aspirations in the new era, the era of national development ”. Mr. Ho Ky Minh emphasized .
The construction of an international financial center in Vietnam is a major policy that has been institutionalized by Resolution 222/2025/QH15 on the International Financial Center in Vietnam. According to Mr. Minh, the Steering Committee, the Government and central ministries are focusing on developing decrees and synchronous guiding regulations so that the International Financial Center in Vietnam can be established and operate immediately after the National Assembly's resolution takes effect from September 1 , 2025 .
In the one-center, two-location model of Vietnam's international financial center, Da Nang city is determined to develop focusing on specialized financial fields, with a strong focus on innovation, trade finance, green finance and digital finance. This is a strategic position that creates a synergy, diversifies risks and optimizes the potential of Vietnam's financial market. This orientation comes from the advantages of Da Nang city. From the central location of the country, close to important trade routes such as RCEP, CPTPP to the advantage of Da Nang being the first locality in Vietnam to be allowed to pilot the construction of a free trade zone associated with Lien Chieu seaport ; the convenience of international traffic with two international airports Da Nang and Chu Lai and three international seaports Tien Sa, Lien Chieu and Chu Lai ;...
“For In almost all sectors, a young market like Da Nang opens up many opportunities for startups to develop and attract participation from financial technology companies. This is the key factor, shaping Da Nang to become an important innovation laboratory, where pioneering financial technologies will be tested, developed and disseminated. The city's goal is to create a financial ecosystem “The project is based on the core values of green, smart, digital, innovative, inclusive and customer-centric, bringing good quality of life, ” said the Standing Vice Chairman of the People's Committee of Da Nang City.
Proactive and comprehensive preparation steps
With the above orientation , Da Nang city has developed and implemented a comprehensive plan to prepare for the formation of the Vietnam International Financial Center in Da Nang city with specific actions . Regarding land resources, Da Nang city has planned and arranged land funds to form a number of areas located right in the central urban area of the city, connecting to Da Nang international airport within a radius of about 5 to 10 km.
In addition to the 20-storey building put into use at the end of this year, in the 2025-2027 period , Da Nang city will focus on promoting investment attraction and developing the financial center ecosystem on clean land lots, coastal areas with an area of nearly 6.17 hectares identified in the planning to build a Vietnam international financial center in Da Nang that meets international standards. In the longer term, Da Nang city will attract investment in construction to convert the existing Da Nang industrial park into a modern urban area, a new economic center with an area of over 62 hectares ; study the project to form a coastal urban area of nearly 1,500 hectares with about 282 hectares of development, providing commercial financial services, digital finance, connecting with the development of high-tech parks, Da Nang free trade zones.
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| Land fund prepared for International Financial Center in Da Nang |
Regarding infrastructure, Da Nang has been investing heavily in information technology and innovation infrastructure. In particular, it focuses on implementing 5 key projects in the fields of science and technology, innovation, and digital transformation, in conjunction with planning programs to implement Resolution 57 of the Politburo.
To prepare human resources, Da Nang selects good officials, sends them to do internships, and participates in specialized training courses at major financial centers. It is expected that in mid- August , Da Nang will send a delegation of 10 officials, experts, and specialists to do internships in Singapore for 2 weeks. At the same time, the city will coordinate with universities to develop training programs on international finance, financial technology, Blockchain, and invite the world's leading financial institutions to cooperate ; coordinate with relevant ministries and branches to study and specify mechanisms to attract managers, international financial experts, and highly qualified judges , especially overseas Vietnamese, to work at the Vietnam International Financial Center in Da Nang ; proactively develop human resource development policies into resolutions of the City People's Council .
In terms of institutions, Da Nang is working with the Ministry of Finance and central agencies to develop eight decrees guiding the implementation of Resolution 222. In particular, the city proposes to decentralize the licensing of financial sandboxes, allowing controlled testing of digital asset models, new trading platforms, and cross-border financial services.
Regarding investment cooperation , Da Nang city is actively working with organizations, financial institutions, investment funds, and large domestic and foreign technology companies to introduce and implement development activities. It is expected that by the end of August 2025, the city will organize three major events on blockchain, finance, and semiconductor technology.
According to Mr. Minh, the Vietnam International Financial Center in Da Nang cannot succeed without the support of financial technology enterprises, the expert community and investors. With proactive and systematic approaches and the participation of the entire political system, the Vietnam International Financial Center in Da Nang will become a new symbol of the national development vision, a place where intelligence, technology, finance, innovation and modern Vietnamese identity converge.
Source: https://baodautu.vn/da-nang-don-luc-chuan-bi-dinh-vi-thanh-diem-hoi-tu-xu-huong-tai-chinh-so-d345839.html
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