Da Nang Pitches New Finance Hub Under Pilot Policy Package

Vietnam’s central city of Da Nang is positioning itself as a new regional finance hub after granting membership certificates to 16 organisations and financial institutions for its planned international financial centre.

City authorities also issued letters of interest to three commercial banks and an international holding group, and approved investment proposals worth VND37.8tr (USD1.5bn), local media reported.

The announcements were made at an investment promotion event linked to National Assembly Resolution 259/2025/QH15, which Da Nang says will pilot new mechanisms covering finance, trade procedures, residency rules, land use, labour, arbitration, banking and foreign exchange.

Vice chairman Ho Ky Minh said the framework is designed to support projects including an international financial centre, a free trade zone and upgraded infrastructure links with the former Quang Nam province.