# Da Nang economic development and financial hub push > Live situation record from CLSTR: https://clstr.news/situations/da-nang-economic-development-push > Updated: 2026-09-01T01:16:56.000Z. Sources: 26. Developments: 12. Da Nang is advancing major infrastructure and energy projects to support its economic transformation. The Da Nang City Council has approved over 6.2 trillion VND for the common-infrastructure phase of the Liên Chiểu port, which includes a dedicated railway, new berths, and a 5.73 km road network scheduled for 2026–2030. To bolster energy security for high-tech industries, authorities have proposed accelerating the Hoa Ninh LNG power plant project to the 2026–2030 period. Vice Chairman Phan Thai Binh emphasized developing a comprehensive “energy ecosystem” including import ports, storage, and gas infrastructure. Aviation infrastructure is undergoing significant upgrades. The Airports Corporation of Vietnam (ACV) and the Da Nang People's Committee have detailed a major expansion of Da Nang International Airport exceeding 10,106 billion VND. This includes a VND 9,936 billion renovation of the T1 passenger terminal, scheduled to begin in August 2027 and reach a capacity of 14 million passengers by early 2029. Additionally, a VND 170 billion first phase of aircraft apron expansion is expected to add six Code C parking positions by July 2027. Complementing this, a VND 1,696 billion project will upgrade runway and taxiway systems to ICAO 4E standards between 2026 and 2028 to accommodate large Code E aircraft. Furthering its economic diversification, the city plans to launch the Vietnam International Financial Center (VIFC-DN) office in January 2026. This center aims to establish Da Nang as a hub for fintech, wealth management, and green finance. The city has signed over 20 memorandums of understanding with partners such as Binance, Tether, Bybit, and the Swiss Fintech Association. Between 2026 and 2030, the city intends to license international asset management companies and establish investment funds to mobilize between $1 billion and $4 billion annually for sectors including semiconductors, AI, and logistics. ## Claims - The intersection project is scheduled for implementation during the 2026-2029 period. (disputed) - The airport renovation project is planned for the 2026-2028 period. (disputed) - Total investment exceeds VND 11,200 billion (about US$ 428 million). (corroborated by 2 sources) - The expanded terminal will cover about 165,000 m² of land, with a floor area of roughly 96,000 m². (corroborated by 2 sources) - The expansion will raise the airport’s annual passenger handling capacity to 14 million people. (corroborated by 2 sources) - Da Nang City has commenced two key infrastructure projects with a total investment exceeding 4,293 billion VND. (corroborated by 2 sources) - The Le Thanh Nghi - Cach Mang Thang Tam - Thang Long - Hoa Xuan Bridge access road intersection project has an investment of over 1,571 billion VND. (corroborated by 2 sources) - The Ministry of Construction approved the investment policy for renovating the runway and taxiways at Da Nang International Airport. (single source) - The airport renovation project requires an estimated investment of approximately 1,696 billion VND. (single source) - The airport renovation aims to enable the operation of Code E aircraft, including the Airbus A350, Boeing 747, and Boeing 787. (single source) ## Timeline ### 2026-09-01: Da Nang to launch Vietnam International Financial Center in 2026 Da Nang plans to launch its International Financial Center in January 2026, targeting $1–$3 billion in initial investment for fintech, green finance, and infrastructure projects. 2 sources. https://clstr.news/cluster/da-nang-to-launch-vietnam-international-financial-center-in-2026 ### 2026-08-27: Da Nang International Airport to undergo 10 trillion VND expansion Da Nang International Airport will invest over 10,000 billion VND to expand its T1 terminal and aircraft aprons, aiming for a capacity of 14 million passengers annually by 2029. 4 sources. https://clstr.news/cluster/da-nang-international-airport-to-undergo-10-trillion-vnd-expansion ### 2026-08-25: Vietnam accelerates national infrastructure and energy projects Vietnam is accelerating key energy, transport, and social infrastructure projects, including a $6.5 billion Chinese loan for a major railway and expanded energy cooperation with PowerChina and Russia. 14 sources. https://clstr.news/cluster/da-nang-advances-major-airport-and-transport-infrastructure-projects ### 2026-08-15: Da Nang proposes accelerating Hoa Ninh LNG power plant project Da Nang officials propose accelerating the Hoa Ninh LNG power plant project to 2026–2030 to ensure energy security and support the city's double-digit economic growth targets. 2 sources. https://clstr.news/cluster/da-nang-proposes-accelerating-hoa-ninh-lng-power-plant-project ### 2026-08-04: Da Nang approves 6.2 trillion VND investment for Liên Chiểu port and dedicated railway Da Nang city council approved over 6.2 trillion VND to complete Liên Chiểu port’s infrastructure, adding a dedicated railway from Kim Lien station, new berths, wave breakwaters and road links, with about 5 trn 2 sources. https://clstr.news/cluster/da-nang-approves-62-trillion-vnd-investment-for-lin-chiu-port-and-dedicated-railway ### 2026-07-29: Da Nang Airport Terminal T1 Expansion to Boost Capacity to 14 Million Passengers ACV will invest over VND 11,200 billion to expand Da Nang Airport’s Terminal T1, raising capacity to 14 million passengers. Construction starts Aug 2027, finishing by early 2029. 3 sources. https://clstr.news/cluster/da-nang-airport-terminal-1-expansion-approved-vnd-11-trillion-investment ### 2026-07-29: Da Nang launches 6.2‑trillion‑dong Hòa Ninh eco‑industrial park Da Nang’s 400‑ha Hòa Ninh eco‑industrial park began construction on 29 July, backed by VND 6.2 trillion investment and projected to create over 12 000 jobs. 2 sources. https://clstr.news/cluster/da-nang-begins-construction-of-ha-ninh-ecoindustrial-zone ### 2026-07-26: Da Nang Approves 3.73 trillion VND Investment in VSIP Industrial Park Da Nang approved a 3.73 trillion VND, 250‑ha VSIP industrial park project, appointing a Vietnam‑Singapore joint venture as investor and outlining a 50‑year, multi‑phase development plan. 2 sources. https://clstr.news/cluster/da-nang-approves-373-trillion-vnd-investment-in-vsip-industrial-park ### 2026-07-25: Da Nang prepares for upcoming hotel and tourism technology forum Vietnam's Da Nang will host a hotel and tourism technology forum next month, part of a national push to digitise tourism and boost related sectors. 2 sources. https://clstr.news/cluster/da-nang-prepares-for-upcoming-hotel-and-tourism-technology-forum ### 2026-07-24: Da Nang Approves $138 Million VSIP Industrial Park Project Da Nang approved a 250‑ha VSIP industrial park, investing $138 million over 50 years, with construction from 2027‑2031 and incentives for the Vietnam‑Singapore joint venture. 3 sources. https://clstr.news/cluster/da-nang-approves-138-million-vsip-industrial-park-project ### 2026-07-23: Da Nang finalises administrative framework for its free‑trade zone Da Nang completed 34 new administrative procedures for its Free Trade Zone, creating a one‑stop system to cut costs, improve transparency and attract investment across 1,881 ha of functional zones. 2 sources. https://clstr.news/cluster/da-nang-finalises-administrative-framework-for-its-freetrade-zone ### 2026-07-17: Da Nang advances AI partnership, startup financing and semiconductor hub to boost tech economy Da Nang is expanding AI ties, attracting foreign investment, funding startups and building a semiconductor hub to grow its tech‑driven economy. 4 sources. https://clstr.news/cluster/da-nang-launches-major-funding-for-startups-and-aims-to-become-semiconductor-hub --- Cite as: Da Nang economic development and financial hub push. CLSTR, https://clstr.news/situations/da-nang-economic-development-push