The administration of Da Nang City hosted an investment forum in Singapore on Monday to attract local enterprises as partners in the upcoming international financial center and free trade zone.

The Da Nang Investment Forum, organized in collaboration with Terne Holdings Group – a multi-sector Singaporean investment group – was chaired by Nguyen Van Quang, secretary of the Da Nang Party Committee, as part of a municipal delegation’s working visit to Singapore.

Vietnamese Ambassador to Singapore Tran Phuoc Anh and over 150 senior executives from sectors such as banking, investment funds, logistics, seaports, industrial zones, tourism, and services were in attendance.

The forum showcased investment opportunities in key economic projects, like the International Financial Center and the Lien Chieu International Seaport.

Additionally, it allowed investors and businesses to share insights and recommendations to enhance project implementation.

At the event, Quang highlighted Da Nang’s strategic location, advanced infrastructure, and dynamic, skilled workforce.

He reiterated Da Nang's ambitious goal of becoming a green and smart city, a hub for science, technology, innovation, and digital transformation by 2030, with a vision extending to 2045.

Quang also highlighted the city’s reputation as one of Southeast Asia’s leading tourist destinations. 

He told the forum that key development models, such as the International Financial Center and the Lien Chieu Seaport, are expected to serve as major growth drivers, positively impacting the economy of the Central Highlands region and Vietnam as a whole.

Da Nang’s leaders held in-depth discussions with enterprises and investors about establishing an international financial center and a free trade zone in the city.

These discussions were based on a recent resolution by Vietnam’s legislative National Assembly, which approved the pilot implementation of specific mechanisms and policies for Da Nang’s development.

The discussions focused on advantages, key areas of growth, policies on capital control and exchange rates, and mechanisms for dispute resolution.

The planned international financial center will focus on key areas such as trade and green finance.

It will also integrate financial technology innovations and establish a commodity exchange for agricultural products, minerals, and metals, alongside providing investment support services and business development utilities.

The Da Nang leaders also reaffirmed their commitment to developing a high-quality workforce, including efforts to attract expertise from Vietnamese professionals abroad to support the city’s economic growth.

Speaking at the event, Ambassador Anh highly appreciated Da Nang’s efforts in organizing the investment forum, affirming that it was a testament to the strong development of Vietnam-Singapore cooperation.

Expressing his belief that Da Nang is an attractive investment destination, the ambassador was committed to continuing his support for the city in connecting with Singaporean businesses and investors, according to Lao Dong (Labor) newspaper.

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