Da Nang Positions Itself as Premier Destination for Investment and Talent

Da Nang City is pursuing a next-generation International Financial Center (IFC) focused on innovation, fintech, and sustainable finance, concentrating on high-value segments rather than a traditional fully integrated financial-centre model. According to the Da Nang Statistics Office, total social investment exceeded 50.98 trillion VND (about 1.94 billion USD) in the first six months, up 31.5% from the same period last year. The strong growth reflects investors' confidence in the city's business environment, as well as the effectiveness of its investment promotion policies and efforts to accelerate project implementation. A growing number of German companies now see Vietnam as an attractive investment destination. With a clear development strategy and new incentives, Da Nang is well-placed to capture demand from German firms seeking new footholds in Asia. RoK companies also aim to build long-term partnerships with Vietnamese firms through product showcases, business-to-business (B2B) matchmaking, investment opportunities, and sustainable supply chain development. Politburo Resolution No. 10-NQ/TW, issued on June 8, 2026, recognises the foreign-invested sector as an important component of the national economy, signalling a major shift in the country's investment attraction strategy. Rather than prioritising labour-intensive projects, Vietnam is now seeking high-quality investments capable of driving technological progress, innovation, sustainable development, and stronger participation in global value chains. As part of the city's digital transformation drive, the organising board also guided fishermen and vessel owners through procedures for updating fishing vessel information on the VNeID electronic identification platform and instructed them on the use of the electronic fishing logbook system. Shantanu Chakraborty, ADB Country Director for Vietnam, noted that while achieving strong growth in a single year is encouraging, maintaining both the pace and quality of growth over many years will be essential if Vietnam is to achieve its goal of becoming a high-income country by 2045. Da Nang's focus on attracting high-value investments aligns with this national aspiration.