Giving Da Nang a new look.

Following the merger, Da Nang entered a period of accelerated development, shifting its focus from a tourist city model to a service and financial center of Central Vietnam. Alongside breakthroughs in transportation infrastructure, seaports, and logistics, the areas along the Han River – the city's "backbone" – are undergoing significant changes as numerous large-scale projects are being implemented consecutively.

Capital Square, a high-end apartment complex and one of the projects along the Han River, is expected to launch soon. Photo: HOAI PHONG

The banks of the Han River are bustling with activity.

Observations show that the west bank of the Han River is gradually developing a series of prominent high-rise projects such as M Landmark Residences, The One Tower, Landmark Tower Da Nang , and Masteri Rivera Danang. These projects are expected to redefine the image of Da Nang as a modern city in the next 5 years.

The eastern bank of the Han River is even more vibrant, with a series of projects stretching from the Tran Hung Dao coastal road to the Thuan Phuoc intersection. Names like Peninsula Da Nang, Sun Cosmo Residence, Sun Symphony Residence, Maria Complex, Thuan Phuoc Urban Area, and The Legend Danang are attracting significant attention thanks to their advantageous river-sea views, diverse amenities, and increasingly完善 urban infrastructure.

Notably, besides the residential and commercial sectors, the city is anticipating two large-scale projects: a 10 trillion VND inland waterway tourism route and an international fireworks festival complex worth over 11 trillion VND. Upon completion, these two projects will boost the tourism industry, expand the festival and service ecosystem along the Han River, and promote sustainable development of the urban real estate market.

Mr. Nguyen Ha Nam , Director of the Department of Construction, affirmed that the vibrant development of the Han River banks is a natural result of the urban spatial restructuring process, accelerating land clearance and completing technical infrastructure after the merger. “The city adjusted the zoning plan for the Han River banks to create new growth poles, promoting services, finance, and tourism. Projects are carefully reviewed in terms of legal aspects, density, and infrastructure impact. Da Nang's policy is to develop riverside areas while controlling architecture, ensuring landscape and open spaces for the community,” Mr. Nam said.

Create new momentum

Over the past two years, private capital investment in real estate along the Han River has surged. Thanks to improvements in the investment environment, the removal of legal obstacles, and the announcement of major development plans such as the Free Trade Zone (FTZ), the International Financial Center, and the Lien Chieu port, Da Nang has attracted hundreds of trillions of VND from numerous domestic and international corporations.

The Department of Construction is studying options for dispersing urban functions and expanding urban space to the south to reduce pressure on the city center and aim for harmonious and sustainable development. (In the photo: A view of the urban area along the Han River in Da Nang. Photo: HOAI PHONG)

Mr. Truong Dinh Trung, General Director of Thuan Phuoc Bay Urban Investment Joint Stock Company (the investor of Thuan Phuoc New Urban Area), assessed that Da Nang is currently in a "golden period" to attract investment. Mr. Trung said: "Da Nang's strongest point is its infrastructure and urban management quality. The streamlined procedures and clear development strategy for services, finance, and tourism create confidence for investors. Projects along the Han River not only have business value but will also contribute to the formation of a new urban center in the next 5-10 years."

According to Mr. Trung, real estate along the Han River is considered a segment with stable price appreciation and high real demand, especially from customers from Hanoi and Ho Chi Minh City, thanks to its scenic advantages, quick access to the beach, and proximity to the administrative center.

Dr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, predicts a significant market recovery in 2025. “After the merger, Da Nang is rapidly urbanizing, and the housing, tourism, and commercial markets have good prospects. Capital flows into riverside and coastal real estate remain strong. From now until the end of 2025 and into 2026, the Da Nang market will develop sustainably, project quality will improve, and demand for residential properties will increase sharply,” Dr. Dinh assessed.

Many businesses also noted the significant changes over the past two years stemming from the city's priority on infrastructure restructuring and improving the quality of administrative procedures. According to Ms. Do Thu Hang, Senior Director, Consulting and Research Services, Savills Hanoi, the rapid development of riverside projects has led to increased pressure on infrastructure and services.

"Da Nang needs to preserve open spaces along the river, pedestrian walkways, public parks, and limit excessively high building density. If properly controlled, the Han River will become a new urban symbol of Vietnam, similar to the Han River in Seoul or the Brisbane River in Australia," Ms. Hang said.

An assessment by the Vietnam Institute of Real Estate Research (VIRES) shows that after the merger, Da Nang has a large land reserve, synchronized infrastructure, and expanded development space towards the northwest and northeast - a rare advantage compared to other coastal cities.

A series of strategic infrastructure projects such as Lien Chieu Port, the coastal road network, and the upgrading of Da Nang International Airport are laying the foundation for the city to become a new economic and financial center of the nation, with the Han River waterfront area as the "core axis".

Source: https://baodanang.vn/tao-dien-mao-moi-cho-da-nang-3313818.html