The People's Committee of Da Nang in collaboration with the Terne Holdings organised the "Da Nang Investment Forum 2025" in Singapore on Monday, as part of the working trip made by the delegation of Da Nang’s officials in Singapore.

Secretary of the Da Nang Party Committee Nguyen Van Quang speaking at the forum.

The forum saw the attendance of Vietnamese Ambassador to Singapore Tran Phuoc Anh, along with more than 150 delegates who are senior leaders of banks, investment funds, logistics and tourism service providers, seaports, and industrial parks.

The intention of the event was to introduce the potential and investment opportunities in key, dynamic projects in Da Nang, including the International Financial Centre, Free Trade Zone and Lien Chieu Seaport. In addition, through the forum, the city wanted to receive comments and recommendations from investors and businesses to effectively and successfully implement the abovementioned  projects in the coming time.

In his remarks at the forum, Secretary of the Da Nang Party Committee Nguyen Van Quang informed Da Nang’s great advantages such as strategic geographical location, modern urban infrastructure, and high-quality young human resources. Additionally, the central coastal city is the most livable city in Viet Nam, and one of the leading tourist destinations in Southeast Asia.

Da Nang targeted to become a green, smart city, and a hub for science and technology, innovation and digital transformation in the country and the Asian region by 2030, with a vision to 2045, he noted.

Mr. Quang affirmed that such new development models as the International Financial Centre, Free Trade Zone and Lien Chieu Port were the city’s driving forces, thereby creating new development space to turn the city into a major centre of international trade, services and technology. This will contribute to fostering the socio-economic development of the Central Highlands and the whole country, and becoming an important link connecting the East-West Economic Corridor, the Asia-Pacific region and the world.

Vietnamese Ambassador to Singapore Tran Phuoc Anh delivering his speech at the forum.

Speaking at the event, Vietnamese Ambassador to Singapore Tran Phuoc Anh highly appreciated Da Nang's positivity and proactiveness in organising the "Da Nang Investment Forum" in Singapore. This was a testament to the strong development of the Viet Nam-Singapore cooperative relationship in many fields, he highlighted.

"Da Nang has been emerging as a potential and attractive destination in Viet Nam for domestic and international investors, and we will continue to support the city in connecting with Singaporean businesses and investors in the time to come" Ambassador Tran Phuoc Anh said.

At the discussion session led by Dr. Chua Hak Bin, an economist, a Regional Co-Head of Macro Research at Maybank, Secretary Quang discussed in detail with businesses and investors about the development model of the Da Nang International Financial Centre.

Secretary of the Da Nang Party Committee Nguyen Van Quang (left) answering questions at the discussion session.

The discussions focused on the advantages and key areas of development, policies on capital control and exchange rates, dispute resolution mechanisms, and tax incentives.

Accordingly, the soon-to-be established Da Nang International Financial Centre will concentrate on international trade finance and green finance; innovation associated with financial technology; and a commodity exchange for agricultural products, minerals, metals, investment support services, business development and utilities.

Investors exchanging at the forum.

Regarding the free conversion of capital, Viet Nam's current policy is to apply an open financial policy to international financial centre models. Da Nang is actively coordinating with central ministries and branches to research and develop a suitable legal framework, creating favourable conditions for businesses and investors to operate in the International Financial Centre.

At the same time, the city is paying attention to building high-quality human resources to serve development goals, including attracting and exploiting Vietnamese experts abroad.

Secretary of the Da Nang Party Committee Nguyen Van Quang (right) discussing on the sidelines of the forum

As the first locality in Viet Nam to be allowed to pilot the construction of a Free Trade Zone, Da Nang possesses outstanding advantages in terms of special geographical location. It is directly connected to the East-West Economic Corridor (EWEC), Lien Chieu Port and the Financial Center, creating outstanding advantages in trade. This helps Da Nang participate deeply in the global supply chain. The operating model of the Da Nang Free Trade Zone is multifunctional and oriented towards high technology and innovation.

The Da Nang Investment Forum 2025 in Singapore opened up new cooperation opportunities between Da Nang and Singaporean businesses and investors in the coming time. It also helped the city to further perfect its development strategy, and operation policies and mechanisms for the Da Nang International Financial Center project and other key projects such as the Free Trade Zone and Lien Chieu Port.

Reporting by Working delegation - Translating by M.DUNG