Da Nang City Development Investment Fund: A tool to support and promote investment activities

Loan for investment project of Danalogistic Center — Danalogistic Center is an investment project with loan capital from Da Nang City Development Investment Fund. Photo: PV

New power from merger

The Da Nang City Development Investment Fund (DDIF) was established on the basis of merging the Quang Nam Development Investment Fund and the old Da Nang City Development Investment Fund. This merger is considered an important turning point in expanding the Fund's investment activities, an opportunity for DDIF to grow and become the leading state financial institution of Da Nang City.

The merger is not only a change in organizational structure, but also brings superior financial strength. The total operating capital of the new Danang City Development Investment Fund after the merger is 2,567 billion VND, including equity capital of more than 2,000 billion VND and mobilized capital of more than 567 billion VND. The new DDIF has significantly increased its capital scale compared to before. This allows the fund to expand its scope of operations, implement larger-scale investment projects, and have a deeper impact on the city's socio-economic development .

After merging with Quang Nam province, Da Nang city has become a large-scale locality, the largest centrally-run city in the country, with a huge demand for investment in infrastructure development, especially in the southern and western regions of the city. At the same time, the city is also determined to implement a number of projects requiring large resources. According to Resolution No. 136/2024/QH15 of the National Assembly on the organization of urban government and piloting a number of specific development mechanisms and policies, Da Nang city has implemented many important projects, such as an international financial center, a free trade zone, semiconductor chips, etc. Therefore, in addition to resources from the local budget and support from the Central Government, it is necessary to diversify and attract external resources to meet the investment needs for city development in the new period.

Reach out in investment activities

The establishment of DDIF in the context of the merger of Da Nang and Quang Nam is a strategic move, making the most of existing advantages to create a strongly developing region. With abundant capital, DDIF has enough potential to perform its main functions, including:

* Investment loans: The Fund can lend to investment projects to develop infrastructure and socio-economy, helping businesses and potential projects access necessary capital with incentives, support, and encouragement for private investment in the spirit of Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development.

* Investing in infrastructure projects: DDIF will directly invest its own capital and mobilized capital to build infrastructure projects that can directly recover capital from the project, contributing to perfecting the modern urban face of Da Nang. In the immediate future, the City People's Committee can assign the fund to directly invest in projects such as social housing, industrial clusters, new urban areas, etc.

* Investing in economic organizations: DDIF can contribute capital to establish joint stock companies, limited liability companies; invest in capital contribution, purchase shares, capital contributions of economic organizations in the list of investment and lending fields of the fund according to the regulations of the City People's Committee to participate in key economic fields, creating new growth drivers.

* Accepting entrustment: The Fund is entrusted to manage investment capital; lend and collect debts; allocate investment capital for works and projects from the state budget, from policy banks, from enterprises and organizations, individuals at home and abroad; and receive entrustment to manage capital sources and operations of state financial funds in the locality. Currently, the City People's Committee has a policy to continue entrusting non-budget state financial funds to DDIF such as the Land Development Fund, Fishermen Support Fund, Environmental Protection Fund, etc.

Towards sustainable development goals

With its new role, DDIF is not only a financial institution, but also an effective tool for the city government in orienting and promoting sustainable economic development. Large financial resources, together with the experience and management capacity of the two old funds, will create a strong and professional DDIF.

The expansion of the area of operation will also help DDIF access and invest in projects in a larger space, exploiting the potential of the entire region after the merger. DDIF will promote its role in realizing the city's strategic goals, contributing to building Da Nang into a regional coastal city, an important economic - cultural - social center of the Central region and the whole country.

With a solid foundation and clear orientation, the Danang City Development Investment Fund is expected to become an important lever, contributing to realizing the city's vision of a smart, modern city with high competitiveness in the region and internationally, contributing to the prosperous development of Danang in the future.

Source: https://baodanang.vn/quy-dau-tu-phat-trien-thanh-pho-da-nang-cong-cu-ho-tro-thuc-day-hoat-dong-dau-tu-3308483.html