The impetus from a series of policies is helping the Da Nang market accelerate its breakthrough.

With the adoption of specific mechanisms and the implementation of pilot economic models, Da Nang is expected to enter a mature and sustainable phase of real estate market development.

As Vietnam's third-largest centrally-governed city, Da Nang possesses outstanding advantages that allow it to form a unique and rare "2-in-1" combination: both a high-end resort capital and the economic engine of Central Vietnam.

This "dual identity" is a decisive factor in ensuring sustainable, high-quality growth while maintaining a livable lifestyle, fostering economic prosperity, and enhancing Da Nang's reputation as a dynamic international destination.

In its vision for 2030, the city also marks a strategic focus on sustainable development, aiming to become a regional hub for innovation, technology, and high-value industries, while adopting smart city initiatives to enhance efficiency and resilience.

The advantage of its "dual identity" – a resort capital and an economic center – affirms Da Nang's unique position.

From a real estate perspective, Da Nang's prime location, clean environment, high quality of life, and safety and security, compared to many other major cities in Vietnam, are key factors that make it a focal point of the market. Despite experiencing significant fluctuations, investors are patiently awaiting the resurgence of Da Nang's real estate market, especially as the city is facing crucial reforms and pilot projects in the near future.

It deserves a special mechanism, establishing a free trade zone.

At the recent session of the National Assembly Standing Committee, delegates discussed and approved the "Resolution amending and supplementing Resolution No. 119/2020/QH14 on piloting the urban government model and some specific mechanisms and policies for the development of Da Nang city". The specific policies proposed for pilot implementation in Da Nang city include: planning, urban development and resources, environment (6 policies); attracting strategic investors (1 policy); establishing the Da Nang Free Trade Zone (1 policy); microchips, semiconductors, artificial intelligence, information and communication, science and technology management, innovation (5 policies)...

Many experts assert that the amended resolution, once passed, will undoubtedly provide a strong impetus for the comprehensive development of the city as a whole, as well as a surge in the real estate market in particular.

This groundbreaking new mechanism will further help the city demonstrate Da Nang's strong appeal and inherent potential.

According to Mr. Can Van Luc, a member of the National Financial and Monetary Policy Advisory Council, Da Nang is a strategically located port city with advantages in tourism, transportation, and maritime economy, and therefore deserves preferential treatment with special mechanisms to develop faster than other localities.

Dr. Nguyen Van Dinh, Vice President of the Vietnam Real Estate Association, believes that Da Nang is already a high-quality market with established values, and new breakthrough mechanisms will further enhance the city's attractiveness and strong internal capabilities. Granting Da Nang a special mechanism will help the locality be more proactive in attracting investment, especially national-level collaborations.

Currently, many developers acknowledge that this is the best time for investors to enter the Da Nang market. This is because the city has gradually returned to its development trajectory after a long period of disruption due to the general economic difficulties, and has added many types of products backed by high-quality international brands, offering new and innovative experiences.

According to a representative from the investor, Viet Capital Real Estate Company (VCRE), the approval of the special mechanism will create even greater momentum for Da Nang's development than before, as many coastal cities around the world have demonstrated their position and importance in tourism, economic, and social development, becoming national symbols. The collaboration between Nobu Hospitality and VCRE for the first luxury apartment complex in Southeast Asia is also considered one of the "sweet fruits" of Vietnam-US relations in strengthening ties between businesses of the two countries, according to information from the White House.

Source: https://baodautu.vn/batdongsan/luc-day-tu-loat-chinh-sach-giup-thi-truong-da-nang-tang-toc-but-pha-d218778.html