Danang city to become a regional financial hub in Vietnam
(QNO) - On January 16, 2025, a conference on developing international financial centres in Vietnam took place in Danang. The event emphasised Ho Chi Minh City as an international financial hub and Danang city as a regional one.
According to Deputy Minister of Planning and Investment Do Thanh Trung, Vietnam has the key factors to develop a modern financial market and establish international and regional financial centres. Danang, with its advantages and potential, is well-positioned to become a regional financial hub.
The development of Danang as a regional financial centre is crucial for advancing international financial services, mobilising global resources, and driving growth in the Central Highlands and the nation.
Danang shows its potential for collaboration with global financial hubs, leveraging its strategic time zone, political stability, and favourable economic conditions.
According to Danang Chairman Le Trung Chinh, the city has allocated two prime land plots (6.17ha and 9.7ha) with top-tier infrastructure for the financial centre project, with plans to add 62ha for future expansion.
The conference gathered input from various stakeholders, including government, investors, and experts, on policies for developing international financial centres in Vietnam.