In the first quarter of 2025, investment activities in Da Nang have changed positively, attracting investment capital 3 times higher than the same period in 2024. The city will continue to remove difficulties and obstacles to unblock all investment resources, especially real estate projects, contributing to promoting economic growth in 2025.

Large-scale real estate projects are being implemented simultaneously, bringing positive signals to the real estate market and the city’s socio-economic situation as a whole. Photo: HOANG HIEP

A bright spot in the socio-economic picture in the first three months of 2025 was that many real estate projects kicked off construction such as the Thuan Phuoc - Da Nang New Urban Area project with a total investment of nearly VND11,500 billion; the FPT Plaza 4 apartment building with a total investment of VND2,790 billion; the Capital Square 3 Urban Area, Capital Square 2 Urban Area, The Legend City Da Nang complex...

In addition, projects that have started construction in 2024 are underway on schedule, increasing the added value of the construction industry and promoting the Da Nang real estate market, contributing to the city’s socio-economic growth.

Director of the Real Estate Research and Training Institute (TRI) Nguyen Duc Lap said that having many real estate projects under construction in the city will be very favourable for the real estate market. Domestic and foreign investors and real estate buyers will have many choices. Investors will have to compete more instead of having only a few projects that are prone to price monopoly.

Once large investors launch their products, they will proactively create a market, attract investors, experts, highly-qualified workers, and high-income earners to Da Nang to settle down, thereby promoting the development of the real estate market.

“Da Nang is very attractive, especially with the construction of the Free Trade Zone and the Regional Financial Centre. Investors’ expectations for the development of the real estate market, and the city's socio-economic development as a whole, are very high”, said Mr. Lap.

A number of projects that have started construction since the beginning of 2023 have brought bright spots in the Da Nang socio-economic picture. Photo: HOANG HIEP

As assessed by Real estate expert Nguyen Thanh Tien, a lecturer at NIK EDU, Da Nang will construct the Free Trade Zone and the Regional Financial Centre and with the return of large real estate investors, the real estate market is developing very promisingly. According to the Da Nang Department of Construction, since the beginning of 2025, the city has granted construction permits to many projects worth more than VND20,000 billion in total.

The Da Nang Department of Construction is actively coordinating with departments and sectors to remove difficulties and obstacles; ensuring that by the end of the second quarter of 2025, projects licensed for construction will have a total investment of about VND 100,000 billion, far exceeding the figure of VND 61,000 billion in the whole year of 2024.

According to a recent report released by the Da Nang People’s Committee on the socio-economic development, national defense and security situation in the first quarter and key tasks in the second quarter of 2025, Da Nang is expected to have strong changes in investment attraction in the coming time.

These are positive signs, expected to contribute to promoting the city’s economic growth, towards the target of double-digit growth in 2025.

The city is focusing on implementing the conclusions of the Politburo and the National Assembly’s resolutions to soon unleash resources from related works and projects, which will create momentum for the city’s economic growth in 2025 as well as the following years.

In 2025, the city is expected to have a number of large projects commenced with a total investment of more than VND150,000 billion, such as the Lang Van Tourism and Urban Resort Complex project, the Asia Park Complex, projects developed by Vietnamese tech giant FPT Corporation, a number of high-end coastal, riverside and Son Tra Peninsula resort projects and Viettel Group-developed IT Park.

In order to achieve growth of 10% or more in 2025, the Da Nang industrial and construction sector needs to achieve a value-added increase (VA) of 9.6% or more in the second quarter of 2025 and 9.5% for the whole year. In the second quarter of 2025, the city will focus on removing difficulties, helping to unlock investment resources, and implementing driving projects for tourism development.

Along with that, the city will speed up administrative procedures on construction licensing to create favourable conditions for people to implement private housing construction projects in the area to increase the amount of investment capital of residential areas.

Reporting by HOANG HIEP - Translating by A.THU