Strategic vision

The selection of Da Nang as a base to develop an international financial center is not only an economic development goal, but also a new growth driver, bringing Vietnam into the regional financial flow.

Chairman of the People's Committee of Da Nang City Pham Duc An (left) signed a memorandum of understanding on cooperation with representatives of the Abu Dhabi Global Financial Center. Photo: MAI QUE

Innovation, green and sustainable investment

Resolution No. 29-NQ/TU dated April 26, 2025 on the construction of the Vietnam International Financial Center in Da Nang City determines: by 2030, the Financial Center will be built and effectively operated. The vision of the Financial Center will be to become a center of innovation, green and sustainable investment.

In terms of function, the Da Nang Financial Center will be a regional investment bridge, a gateway for financial integration, promoting new economic sectors and technology, connecting major financial centers. In addition, the Financial Center will develop in a specialized direction, based on three main pillars: green finance, trade finance and financial technology, digital assets.

Analyzing more clearly about the orientation, Deputy Director of the Department of Finance Dang Dinh Duc said that regarding the first two pillars, Da Nang focuses on developing cross-border trade finance associated with seaports, logistics, international tourism , along with offshore financial services for organizations, businesses and global investors. In particular, focusing on creating a favorable financial environment for small and medium enterprises as well as innovative start-up projects.

At the same time, the city will encourage 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.

As for the third pillar, the city is determined to become a “laboratory” for new financial models, from digital assets, digital currencies, digital payments to solutions applying blockchain technology and AI, along with the strong development of fund management activities to support financial technology startups.

“The above pillars will create a diverse, dynamic and creative financial ecosystem associated with core values ​​such as green, smart, digital, innovative, inclusive and customer-centric, resonating with advantages from geopolitical - economic location and living environment, urban infrastructure to create the attractiveness of the Financial Center in Da Nang”, Mr. Duc said.

Ready to enter the global playground

At the latest meeting of the National Steering Committee on the International Financial Center, the Prime Minister requested Ho Chi Minh City and Da Nang to prepare necessary conditions, issue and publicly announce specific policies and regulations within their authority, and make efforts to put the International Financial Center into operation by the end of 2025.

Vice Chairman of the City People's Committee Ho Quang Buu (right) presented a memorandum of understanding on cooperation with Chairman of the Swiss-Vietnam Economic Forum (SVEF) Philipp Rosler. Photo: MAI QUE

In response to the above requirements and to ensure substantial preparation, Da Nang has established a Preparatory Committee and a working group, established an Advisory Council, and at the same time implemented a trial operation of the International Financial Center's executive agency, developed a set of one-stop administrative procedures, compiled an investment handbook based on international experience to be ready for practical implementation after the Vietnam International Financial Center is established.

Identifying human resources as the key factor, Da Nang selects good staff, including associate professors, PhDs, financial experts, and internationally trained judges to send for internships and attend specialized training courses at major financial centers. Currently, training institutions in the area are building long-term training programs on international finance, financial technology (Fintech) and international commercial law in a bilingual direction, integrating international professional certificates to provide high-quality human resources, serving directly for the financial center.

Strategic vision

The Project to Build Da Nang City into a Regional Financial Center by 2030, with a Vision to 2045, determines that after 2030, Da Nang will transform its financial center model to provide financial services not only domestically but also expand to a number of countries in the Asia-Pacific region, aiming to become a regional financial center by 2045.

Perspective of Vietnam International Financial Center in Da Nang city. Photo: Document

During the working trip of Da Nang city leaders to Switzerland on November 12, Deputy Secretary of the City Party Committee Ngo Xuan Thang emphasized that with an open investment attraction policy and wide-open opportunities, the city is offering many incentives for businesses. The aspiration to build an international financial center in Da Nang is not only an economic goal, but also a symbol of Vietnam's spirit of innovation, integration and aspiration to reach international standards in the digital age.

Previously, at the Vietnam International Financial Center investment promotion conference organized by the Ministry of Finance in coordination with the Vietnamese Embassy in Germany, the Vietnamese Consulate General in Frankfurt and the People's Committee of Da Nang City, Chairman of the People's Committee Pham Duc An affirmed: "Da Nang City is committed to accompanying investors throughout the process, from idea to implementation, ensuring a transparent and flexible legal framework in accordance with international standards.

Thereby, creating a safe, modern, friendly and potential working and living environment to build and develop a modern, creative and trustworthy international financial center in Asia - Pacific.

To date, Da Nang has signed nearly 20 memorandums of cooperation with global financial and technology institutions, including Abu Dhabi Global Market, Binance, Bybit, Tether, APEX Group, Swiss Fintech Association... to share management, operation, human resource training, connect and introduce investors, financial institutions, and investment funds to the Vietnam International Financial Center in Da Nang.

Source: https://baodanang.vn/tam-nhin-chien-luoc-3310996.html