[REVISION HISTORY]

Da Nang economic development and financial hub push

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What changed

2026-08-28 02:36 UTC → 2026-09-03 00:00 UTC · added ~~removed~~

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. ~~Furthermore,~~ Furthering its economic diversification, the city ~~has commenced transportation and adaptation projects totaling over 4,293 billion VND. These include~~ plans to launch the ~~Hoa Xuan intersection complex~~ Vietnam International Financial Center (VIFC-DN) office in January 2026. This center aims to ~~reduce congestion, slated~~ establish Da Nang as a hub for ~~completion between 2026 and 2029,~~ fintech, wealth management, and ~~an integrated development project focused on improving flood drainage~~ green finance. The city has signed over 20 memorandums of understanding with partners such as Binance, Tether, Bybit, and ~~disaster resilience in~~ the ~~southern region. These initiatives reinforce~~ Swiss Fintech Association. Between 2026 and 2030, the ~~city’s strategy~~ city intends to ~~become a premier logistics, high-tech,~~ license international asset management companies and ~~tourism hub.~~ establish investment funds to mobilize between $1 billion and $4 billion annually for sectors including semiconductors, AI, and logistics.

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