Leaders of Da Nang, the capital city of central Vietnam, on Monday worked with firms, institutions, and financial investment funds in Switzerland, encouraging them to plan investments in the city’s financial center.

An official from the municipal administration on Tuesday confirmed that a working team led by Da Nang Chairman Le Trung Chinh held talks with Swiss enterprises during the ongoing trip to Switzerland with Prime Minister Pham Minh Chinh.

The prime minister, his spouse, and a high-ranking delegation landed at Zurich Airport on Monday night (local time) to attend the 55th Annual Meeting of the World Economic Forum and several bilateral activities in Switzerland.

On the same day, Da Nang's team met with the representatives from Sygnum Bank, the world’s first digital asset bank. 

A bank representative discussed with the officials of Da Nang City the current development trends in innovation activities, digital assets, and digital currencies. 

The bank is reshaping the approach of digital asset banking, focusing not only on financial products but also laying the foundation for global expansion, said the representative.

Chairman Chinh provided information about the legal framework for digital assets in Vietnam and introduced infrastructure conditions, information technology facilities, and innovation activities in the city.

Dang Dinh Duc, director of the Da Nang Institute for Socio-Economic Development and a member of the working team, told Tuoi Tre (Youth) newspaper that the city’s leader clarified potential opportunities for foreign financial investors at the Da Nang Financial Center at the working session. 

He encouraged Sygnum to establish its presence in Vietnam as soon as possible.

The city’s working team also had discussions with leaders of Concessor AG, a Swiss strategic advisory firm focusing on internationalization and market entry, UBS Group AG, a multinational investment bank and financial services company founded in Switzerland, Bitcoin Suisse and Maerki Baumann.

Chinh presented the city’s advantages in terms of location, international connectivity, infrastructure, quality of life, and business environment, as well as Da Nang's vision and development plans, including major projects that will shape the city’s future.

Speaking of the city’s determination to build Da Nang's regional and international financial center, Chinh emphasized that the city is collaborating with relevant units to draft policies and mechanisms to bring the design into reality.

The city is also focusing on the development of an ecosystem to support its financial center, train human resources, and improve infrastructure, particularly digital infrastructure and connectivity infrastructure.

The city leader called on these firms to enhance their reach to Da Nang City and invest in its financial hub.

Le Trung Chinh (R), chairman of the Da Nang People’s Committee, signs a memorandum of understanding with the leader of Concessor AG in Switzerland on January 20, 2025. Photo: Van Duc

At the working session, the municipal administration signed a memorandum of understanding with Concessor AG to implement the matters discussed during the meeting.

Philipp Rösler, former Vice-Chancellor of Germany and founder and CEO of Concessor AG pledged to bring financial investors in Europe, especially Switzerland, to Da Nang to sound out investment opportunities in the coming time.

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