Amid Vietnam’s push for deeper integration and economic restructuring toward an open model, the Da Nang Free Trade Zone (DNFTZ) is recognized as a national strategic project that creates new opportunities for Da Nang to become the central economic, financial, and logistics hub of Central Vietnam, serving as an international trade gateway linking the East-West Economic Corridor to global markets.
Following the direction of the Politburo and the Central Government on its merger with Quang Nam province, Da Nang City has obtained a lot of development opportunities, most notably through Prime Minister’s Decision 1142/QD‑TTg dated June 13, 2025 on the establishment of Da Nang Free Trade Zone (FTZ).
With its ongoing efforts to adopt various solutions to enhance the quality of foreign direct investment (FDI) inflow, Da Nang City has witnessed remarkable FDI attraction results that have made significant contributions to local socioeconomic growth.
At a recent conference in Quang Nam province on the Prime Minister's Decision to approve the project for developing a medicinal herb industry hub, with Ngoc Linh ginseng as the key crop, Deputy Prime Minister Le Thanh Long emphasized that the project holds great expectations, aiming to achieve many goals, contributing to the growth of the medicinal plant industry and the development of both Quang Nam province and Vietnam as a whole.
General Secretary To Lam visited the Da Nang Semiconductor & AI Center for Research and Training (DSAC) on March 29 - the opening day of the first training course on specialized semiconductor design at the center.
After nearly three years of implementing Resolution 16-NQ/TU dated October 14, 2021 of the Quang Nam Provincial Party Committee, administrative reform in the province has made significant progress, despite ongoing challenges.
In the first five months of 2024, Da Nang City secured nearly VND14 trillion (US$600 million) in investment capital. This includes 27 new foreign direct investment (FDI) projects totaling over US$22 million.
“Quality is a benchmark of success,” asserted Le Hoang Khanh Nhut, General Director of Da Nang Rubber Joint Stock Company (DRC). Since its inception, DRC has been committed to establishing itself as a leading tire and tube manufacturer in Vietnam. As part of its ongoing mission to create sustainable value, DRC aims to continue setting industry standards by focusing on production excellence, advancing scientific and technological innovation, and continuously enhancing product quality.
As a leading information technology (IT) firm, DataHouse has significantly advanced the information and communications technology (ICT) industry in Da Nang City.
In 2024, Da Nang embraced the theme "Year of promoting administrative reform, strengthening discipline, unlocking investment resources, accelerating economic growth, and ensuring social security."
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