Da Nang Boasts Over 61,000 Businesses, Sees Surge in Investment

Da Nang continues to solidify its position as a dynamic hub for investment and business in Vietnam, a fact underscored by recent figures revealing over 61,000 active enterprises within the city. The first quarter of 2026 alone saw the establishment of 1,818 new businesses, branches, and representative offices, injecting over 6,800 billion VND in registered capital. This influx highlights the city's ongoing appeal to entrepreneurs and investors, reinforcing its reputation as a key economic center in the central region.

The city's economic momentum is further evidenced by a remarkable surge in domestic investment during the first three months of 2026. Total domestic investment reached nearly VND 57.6 trillion, an almost fivefold increase compared to the same period last year. This substantial growth, coupled with over $36 million in FDI, signals strong confidence in Da Nang's economic prospects and its capacity to attract significant capital. Major projects like Lang Van, Danang Downtown, and Lien Chieu Port are progressing rapidly, promising to further stimulate growth and development.

Da Nang's commitment to digital transformation is also paying dividends, with over 96% of public services available online and 100% of administrative procedures processed electronically. This digital-first approach streamlines operations and enhances the business environment. Furthermore, the city is actively cultivating new growth engines, including a nearly 1,900-hectare free trade zone envisioned as a regional hub for logistics, manufacturing, and high-tech services. The operationalization of the International Financial Center also signals ambitions in digital finance and fintech.

However, Da Nang is not without its challenges. Issues such as underdeveloped technical infrastructure, a scarcity of clean land for large-scale projects, and limited inter-regional transport connectivity persist. Compounding these are overlapping legal regulations concerning land and investment, which can prolong project preparation timelines. Experts at a recent forum emphasized the need for Da Nang to continuously improve its investment and business environment, accelerate digital transformation, and proactively address emerging legal complexities. While the city boasts high competitiveness within the Central-South Central region, certain legal framework indicators, such as business confidence in legal protection and the perceived efficiency of economic case handling by courts, lag behind the national average. Addressing these legal and infrastructural hurdles will be crucial for Da Nang to fully realize its potential as a regional financial center.