Da Nang focuses on attracting international financial investment

DNO - On the morning of November 6, the City People's Committee coordinated with the International Finance Corporation (IFC) - a member of the World Bank Group to organize a seminar "Positioning and developing an International Financial Center in Da Nang City: Opportunities to attract transactions and investments".

Standing Vice Chairman of the City People's Committee Ho Ky Minh delivered the opening speech. Photo: TRONG HUY

The seminar took place on November 6 and 7, focusing on discussing issues related to attracting sustainable financial services to the Vietnam International Financial Center in Da Nang ; developing a competitive ecosystem for digital assets - international experience and development trends.

The seminar is an opportunity to exchange and share international experiences in management, operation and development of key financial sectors to serve the formation and development of the Vietnam International Financial Center in Da Nang city.

These include: Trade finance and secured financial products, third-party trade finance support services; non-depository lending institutions, sustainable finance (including green finance), digital asset development, commodity exchange development.

Standing Vice Chairman of the City People's Committee Ho Ky Minh said that Da Nang possesses a special geostrategic location, converging many favorable conditions and factors to deeply participate in the international supply chain.

Da Nang City has room for socio -economic development, creating a need for resources for investment in infrastructure and urban railways to connect and expand urban space, consolidating the foundation for the development of the financial center in the future.

Mr. Rich McClellan, member of the Advisory Board, International Finance Center in Da Nang city, presented a paper at the seminar. Photo: TRONG HUY

The city also owns a synchronous international transportation and connection infrastructure, is a famous tourist and resort destination, and owns the most high-class accommodation facilities in Vietnam (163 4-5 star accommodation facilities).

Da Nang is also known as one of the innovation centers of Vietnam. For 14 consecutive years, the city has led the country in the information and communication technology readiness index; 5 consecutive years honored in all 3 categories of "Smart City" (in 2025, StartupBlink selected Da Nang as one of 12 outstanding global startup ecosystems).

With the available foundation, Da Nang is focusing on investing and developing to become a center for testing and developing new technologies, from the Internet of Things to artificial intelligence and blockchain.

The Standing Vice Chairman of the City People's Committee said that the Vietnam International Financial Center in Da Nang City will develop based on three main pillars: green finance, trade finance and financial technology, and digital assets.

Da Nang is determined to deploy new financial models, from digital assets, digital currencies, digital payments to blockchain and artificial intelligence application solutions; along with the strong development of fund management activities to support financial technology startups.

At the same time, the city encourages green financial products and initiatives to align with the country's net zero emissions target and the international vision of sustainable development, promoting the potential of renewable energy and sustainable tourism.

Da Nang also focuses on developing cross-border trade finance associated with seaports, logistics, international tourism, and offshore financial services for organizations, FDI enterprises, and global investors.

In particular, focus on creating a favorable financial environment for small and medium enterprises, as well as innovative startups to create a diverse, dynamic and creative financial ecosystem associated with core values ​​such as green, smart, digital, innovative, inclusive and customer-centric, bringing good quality of life.

To implement this orientation, the city has consulted and coordinated with central ministries and branches to complete the legal framework; develop decrees related to the International Financial Center in Vietnam, and is expected to submit the decrees for promulgation before November 15.

The Standing Vice Chairman of the City People's Committee emphasized that today's discussion is a forum for in-depth exchange between leading experts in the fields of finance - banking, law, technology and investment to share international experiences, propose development models suitable to the conditions of Da Nang and the orientation of the Vietnamese Government.

The city hopes to receive many practical opinions and recommendations, especially solutions related to green finance, supply chain finance, digital assets and fintech; contributing to perfecting a modern, transparent and sustainable financial ecosystem.

Source: https://baodanang.vn/da-nang-tap-trung-thu-hut-dau-tu-tai-chinh-quoc-te-3309341.html