Da Nang develops key economic sectors: Attracting technology investment.

The high-tech and information technology industries are making increasingly significant contributions to the city's economy. In particular, Da Nang is increasingly focusing on financial technology (fintech) for future development.

Vice Chairman of Ho Chi Minh City People's Committee Ho Quang Buu (right) discusses investment cooperation with a South Korean business. Photo: MINH LE

Attractive destination

At the recent conference "Announcing Resolution No. 259/2025/QH15 and promoting investment in Da Nang City in 2026," the People's Committee of Da Nang City awarded 36 decisions approving investment policies, approving investors, certificates of membership registration for the Vietnam International Finance Center in Da Nang City, and certificates of interest in investment to businesses and investors. Notably, many of these were technology and fintech companies, demonstrating Da Nang's attractiveness to investors.

In the high-tech sector, by the end of 2025, the city will have 26 businesses operating in semiconductor chip design, equivalent to more than a threefold increase compared to 2024 (8 businesses); of which, two businesses have been recognized by the City People's Council as strategic partners in the semiconductor chip and artificial intelligence sector in Da Nang:FPT Corporation and Marvell Vietnam Technology Co., Ltd., contributing to establishing important pillars for the city's high-tech ecosystem. To date, 17 businesses have been confirmed as semiconductor chip and artificial intelligence businesses according to Resolution No. 59/2024/NQ-HĐND of the City People's Council to enjoy tax exemption policies.

Not only is Da Nang attracting new investment capital, but existing investors are also supplementing and increasing their investment for subsequent phases of projects. A prime example is Dentium Group (South Korea), which is implementing phase 3 of its ICT Vina medical equipment manufacturing plant project in the Da Nang High-Tech Park with an investment of $177 million.

Mr. Chang Hyung Jeon, Director of ICT Vina Co., Ltd., informed that Dentium Group and ICT Vina are investing in three phases of a project in the High-Tech Park with a total capital of 257 million USD and are expected to employ approximately 1,500 workers. However, Dentium does not stop at manufacturing and putting equipment into use, but also plans to build a hydro ecosystem, contributing to reducing carbon emissions while achieving energy efficiency of over 60%.

Also in the Da Nang High-Tech Park, in the first quarter of 2026, Danapha Pharmaceutical Joint Stock Company will put into operation its pharmaceutical manufacturing plant and high-tech research and development center, after completing all product registration procedures and documentation according to the Pharmaceutical Law.

Mr. Do Minh Hieu, CEO of Danapha Pharmaceutical Joint Stock Company, said that when the project becomes operational, it will not only create economic benefits but also bring many social benefits such as increasing contributions to the state budget, contributing to the modernization of the pharmaceutical, chemical, and medicinal herb manufacturing industry, creating jobs for related economic sectors, and promoting the expansion of medicinal herb cultivation areas in Da Nang city and neighboring provinces and cities to ensure the supply of raw materials for the factory.

Production activities at ICT Vina Co., Ltd. (Da Nang High-Tech Park). Photo: MINH LE

Establishing a fintech hub

Not only is it one of the three key components of the Vietnam International Financial Center model in Da Nang city, the establishment of a fintech center in Da Nang is also identified by the city as a major direction in line with the trend of innovation based on technology.

On January 13, 2026, the People's Committee of Da Nang City issued Decision No. 207/QD-UBND approving the project "Formation and Development of a Fintech Center in Da Nang City". The project aims to establish a pilot legal framework in Da Nang during the 2026-2027 period, attracting 2-3 large technology startups and reputable entities providing digital asset, cryptocurrency, and digital banking services. During the 2027-2035 period, Da Nang will collaborate with technology service providers to develop a comprehensive and complete testing environment (sandbox) with robust infrastructure to create a fintech ecosystem.

Assessing the potential for fintech development in Da Nang, Mr. Le Duc Hanh, General Director of PayD Joint Stock Company (a member of the Vietnam International Finance Center in Da Nang), said that Da Nang's decision to allow the testing of models like PayD is considered by experts as evidence of a "cautious but open" approach to digital assets. The government encourages innovation and creates momentum for the digital economy, while still prioritizing the safety of the national financial system and the rights of users. Becoming a member of the finance center not only builds brand recognition but, more importantly, provides an opportunity for companies to refine their models and bring digital assets to directly serve the real economy.

Mr. Le Son Phong, Deputy Director of the Department of Science and Technology and Vice Chairman of the Vietnam International Finance Center's Executive Office in Da Nang, stated that Da Nang has favorable opportunities to develop fintech thanks to its specific mechanisms and policies for development in science, technology, semiconductors, and artificial intelligence. Simultaneously, the Government has recently issued key legal frameworks such as Decree No. 94/2025/ND-CP on controlled testing mechanisms in the banking sector and Resolution No. 05/2025/NQ-CP on piloting the cryptocurrency market.

Vietnam.

“Da Nang’s success in organizing international events can be further expanded by holding its own fintech conference, focusing on emerging fields such as blockchain technology, cryptocurrencies, and digital payments. In the future, the city will explore organizing fintech-related events to generate new ideas and boost demand for fintech solutions both domestically and internationally,” Mr. Phong suggested.

According to the Department of Science and Technology, the total revenue of the information technology and postal and telecommunications (digital technology) sector is estimated to reach VND 43,600 billion in 2025, an 11% increase compared to 2024. Software export turnover is expected to reach USD 185 million, an increase of approximately 12% compared to 2024.

Source: https://baodanang.vn/da-nang-phat-trien-cac-mui-nhon-kinh-te-hut-dong-von-cong-nghe-3321270.html