Da Nang attracts investment capital.

software park number 2 Dana — *Da Nang's Software Park No. 2, with a total area of 21,000 square meters, is fully leased by businesses, and is expected to become a new growth engine for Da Nang. Photo: Xuan Lan*

Growth leverage

Da Nang City aims to complete and put into use 19 projects, while simultaneously commencing construction on 23 projects in 2025. At the beginning of the year, specific measures were implemented to accelerate construction progress and disburse planned capital. Simultaneously, the city is urgently approving unallocated medium-term capital for 2021-2025; the medium-term public investment plan and the list of key projects for the 2026-2030 period...

According to the Da Nang Statistics Department, total social investment in the first quarter of 2025 reached VND 9,773 billion, an increase of 43.3% compared to the same period in 2024. Of this, state investment reached VND 2,352 billion, accounting for 24.1% of total investment. State investment managed by the local government alone reached VND 1,568 billion, an increase of 39.3% compared to the same period in 2024, achieving 18.3% of the 2025 plan.

Image 1: FPT complex — *Leaders of Da Nang City andFPT Complex Group perform the ceremony to inaugurate the third phase of the FPT Complex Da Nang office building. Photo: Xuan Lan*

For example, the Lien Chieu Port Construction Investment Project - shared infrastructure section has a total investment of VND 3,426 billion (VND 2,995 billion from the central government, the remainder from the Da Nang City budget). In 2025, VND 1,291 billion from the central government will be allocated. To date, the project has achieved VND 2,665 billion (77.5% of the total capital); it is expected to be completed by the end of 2025.

In addition, the coastal road project connecting Lien Chieu Port is being urgently constructed to attract investors to develop Lien Chieu International Port. The project has a total investment of 1,203 billion VND, and to date, the volume of work completed has reached 525 billion VND (nearly 44%).

According to the Da Nang Statistics Department, in the first quarter of 2025, non-state investment capital in the city reached VND 5,877 billion, accounting for over 60% of total investment capital, an increase of 44.5% compared to the same period in 2024. Of this, capital from non-state organizations and enterprises reached VND 4,867 billion (an increase of 53.8%); and investment capital from residents reached VND 1,011 billion (an increase of 12%).

On January 2nd, 2025, FPT Group (FPT) inaugurated Phase 3 of the FPT Complex Da Nang office complex, providing workspace for 10,000 IT professionals with global connectivity. This is the first concentrated IT zone invested by FPT with a total value of VND 1,395 billion, covering over 5.9 hectares in Ngu Hanh Son district, employing 8,000 IT personnel, contributing 69% of Da Nang's total software export turnover and paying over VND 326 billion in the city's budget in 2024.

Image 2: FPT Complex — *FPT Complex Da Nang is the first concentrated information technology park invested with FPT's corporate capital, totaling VND 1,395 billion, located in Ngu Hanh Son district. Photo: Xuan Lan*

On March 27, 2025, FPT inaugurated its R&D center for high technology and semiconductor chips at Da Nang Software Park No. 2, covering an area of 3,000 square meters. FPT was the first company to operate in Da Nang Software Park No. 2, and this total area of 21,000 square meters was quickly leased to domestic and international technology companies. It is expected to become a crucial nucleus in the new technology ecosystem, creating a foundation and new impetus for Da Nang to integrate into the international community.

Notably, the Nobu Residence Danang project at the intersection of Vo Van Kiet and Vo Nguyen Giap streets, facing My Khe beach, is a prime example. Upon completion, this 43-story, 186-meter-tall building will become a new landmark of Da Nang City, with a total investment of VND 3,687 billion and a completion rate of 31%. Similarly, the New Town project (formerly VinaCapital Golf Course), with a total investment of VND 4,889 billion, is also 39.6% complete.

Attracting investment

In the first quarter of 2025, Da Nang's foreign direct investment (FDI) reached VND 1,544 billion, accounting for 15.8% of total investment, an increase of 80.5% compared to the same period last year. This remarkable growth demonstrates that Da Nang City's measures regarding policy mechanisms and removing obstacles for FDI enterprises are beginning to show effectiveness. Some major projects include: Foxlink Da Nang Electronics Factory ; Mikazuki Spa & Hotel Resort (phase 2); Nam Phat high-end beachfront resort and villas...

foreign investment — *Secretary of the Da Nang City Party Committee, Nguyen Van Quang, meets and holds a dialogue with foreign investors in Da Nang. Photo: Xuan Lan.*

In particular, in the first quarter of 2025, Da Nang attracted 6 domestic investment projects with a total registered capital of VND 14,655 billion (a 4.3-fold increase compared to the same period in 2024) and nearly USD 40 million in FDI. Of this, over VND 8,240 billion in domestic investment and USD 1.7 million in FDI were invested in projects outside industrial parks; while VND 6,395 billion in domestic investment and over USD 32 million in FDI were invested in Da Nang's industrial parks, high-tech parks, and concentrated IT zones.

Mr. Nguyen Van Quang, Member of the Central Committee of the Communist Party of Vietnam and Secretary of the Da Nang City Party Committee, stated that in recent years, with the determination, unity, and solidarity of the Party Committee, government, and people, and the support of central agencies, investors, and businesses, Da Nang City has achieved many accomplishments in socio-economic development.

“In the coming period, to maximize outstanding potential, opportunities, and competitive advantages, while overcoming difficulties and limitations, Da Nang City will focus on implementing strategic directions to build and develop faster and more breakthroughs in the new phase. This will contribute to the country's steady progress into an era of prosperous development,” Mr. Nguyen Van Quang shared.

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