Da Nang has emerged as an attractive investment destination for domestic and international investors, followed only by the capital Hanoi and commercial hub Ho Chi Minh City.
Da Nang is one of the five largest cities in Vietnam and serves as the gateway to the Central Region, which is rapidly industrializing. The city has undergone significant changes in recent years, underpinned by a sustainable approach to urban development. This has helped the city produce sustained economic growth, while also maintaining its reputation as the ‘most livable city’ in the country.
In many ways, Da Nang is in the right place at the right time. As the costs of production in China grow, and the US-China trade war continues, Vietnam has become a go-to destination for investors. Hanoi and Ho Chi Minh City still command the lion’s share of foreign direct investment, but the cities are becoming crowded, driving up land and labor costs in the process. Due to these factors, many investors are increasingly looking to the Central Region, with Da Nang becoming a focal point. Investors that want the edge of an emerging marketing like Vietnam should decide whether Da Nang fits with their business goals.
In this issue of Vietnam Briefing magazine, we examine the central city of Da Nang and its investment opportunities. We first highlight its business environment and growth drivers, before exploring the city’s incentives and industrial parks. We conclude with an overview of the sectors that are attracting investment, describing the scope for investors that are looking to invest in this region.
We hope this magazine will empower you to make an informed decision on where to base
your operations in Vietnam.