The cooperation includes developing green transport infrastructure, charging station networks, piloting carbon credits from electric vehicles and researching the application of green financial models according to international standards. This is one of the important driving forces to bring Da Nang closer to ESG capital from global investment funds.
On a broader scale, the city actively strengthens international connections to seek capital, technology and experience.
From 2021 to 2025, Da Nang has cooperated with dozens of international organizations through more than 10 projects related to climate change, environment and green urban management, with a total resource of hundreds of billions of VND. International projects provide capital, helping Da Nang build a green data ecosystem.
Ms. Le Thi Nam Phuong, President of the City Association of Women Entrepreneurs, said that the business community in Da Nang in general and women-owned businesses in particular are strongly shifting to a green economic model. Many businesses have begun to apply solar energy, water circulation, waste recycling, build energy-saving factories, and implement ESG reports as required by foreign partners. According to Ms. Phuong, this is an important factor for the green financial market in Da Nang to develop sustainably.
It can be said that with its strategic location, modern infrastructure, good living environment and potential to attract high-tech human resources, Da Nang is completely suitable for developing green finance, Fintech and digital assets.
However, along with the goal of forming a green supply chain are challenges, such as the lack of synchronization in the legal framework for green finance, especially the national green taxonomy system which is in the process of being completed.
The green bond market is still small, local businesses are not confident in participating due to lack of experts and evaluation standards. Emission data is incomplete, affecting the ability to access ESG capital, which requires information transparency. Green finance human resources are limited, while the demand for expertise in ESG analysis and environmental risk management is increasing.
To attract, Da Nang needs to prioritize issues related to the legal framework, building a one-stop mechanism, one-stop investment licensing stamp, developing infrastructure, attracting strategic investors and building an international brand for IFC Da Nang.
According to Prof. Dr. Tran Dinh Thien, Member of the Prime Minister's Policy Advisory Council, Chairman of the VIFC Construction Advisory Council, in the future, green finance, Fintech, logistics, risk insurance and cross-border financial services will help Da Nang differentiate itself, together with Ho Chi Minh City forming a model of "one center - two destinations".
Along with that, if the international financial center is implemented on schedule, it will help Da Nang become an attractive destination for international ESG capital flows, and at the same time a green capital distribution center for the Central Highlands region. This is also the driving force to create long-term sustainable growth, attract high-quality human resources, and consolidate Da Nang's position in Vietnam's development strategy until 2050.
Source: https://baodanang.vn/trien-vong-tai-chinh-xanh-3310997.html
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