The event underscores Da Nang City’s determination to materialize the Government’s orientation in creating a new driving force for the national economy. It reflects the vision and aspiration to position Vietnam as a crucial link in the global supply chain during this integration period.
Sharing the journey with Da Nang City People’s Committee in successfully implementing the Free Trade Area model, Mr. Le Ngoc Lam, CEO of BIDV, outlined specific action plans for the bank. BIDV commits to mobilizing its maximum financial, human, and technological resources to contribute to the development and successful operation of the Da Nang Free Trade Area. This commitment encompasses comprehensive support in investment attraction, financial technology, and ESG practices.
Mr. Le Ngoc Lam, CEO of BIDV, delivers a speech at the ceremony
BIDV, as Vietnam’s leading commercial bank, will actively collaborate with the city government in areas that significantly impact the Free Trade Area’s operations. These include: (i) Acting as a bridge between domestic and foreign investors and the city government by offering flexible financial products with preferential interest rates and specialized investment support services; (ii) Promoting the application of digital payment platforms, cash flow management systems, and integrated banking services, ensuring speed, transparency, and global connectivity in financial transactions within the Free Trade Area; (iii) Connecting and developing a multi-sectoral ESG partner ecosystem for the Free Trade Area, creating efficient capital access mechanisms for businesses, and implementing ESG promotion packages to foster green development as a distinctive feature of the Da Nang Free Trade Area.
BIDV has also announced a preferential policy framework for investors in the Da Nang Free Trade Area, featuring dedicated service channels, streamlined procedures, short-term and long-term credit incentives, and comprehensive product and service policies to meet the production and business needs of domestic and foreign investors.
Announcement of the Prime Minister’s Decision on the Establishment of Da Nang Free Trade Area
At the event, BIDV, together with its technology partner, CEH Information Technology Services Company Limited, and the Area 12 Customs Office, exchanged a “Memorandum of Understanding on Supporting the Development of Smart Customs Supervision Solutions.” This collaboration aims to address the automation of customs clearance and supervision procedures in the Free Trade Area, realizing the city government’s vision of forming a modern, intelligent, and highly competitive economic ecosystem in the region.
Earlier, on May 23, 2025, BIDV and the Da Nang City People’s Committee signed a “Memorandum of Understanding on Developing Financial Technology Solutions for the Da Nang Free Trade Area.” With a pioneering, creative, and proactive spirit, BIDV is implementing specific action programs to contribute to building a dynamic, intelligent, and sustainable Da Nang Free Trade Area—a symbol of Vietnam’s integration and development aspirations in this new era.
The Final Session: A Historic Conclusion to 28 Years of Dedication and Service
Effective July 1st, Da Nang City will be officially merged with Quang Nam Province, forming the new Da Nang City with a population of over 3 million.
The New Hub of International Finance: Danang Prepares to Launch its International Financial Center
The legislature is currently engaged in discussions and seeking contributions to finalize the draft resolution on the International Financial Center. The aim is to pass a comprehensive and well-informed resolution.
The Ultimate Guide to the Soft Launch of Six Wards in Danang
The trial operations in the new wards and communes of Danang City went smoothly, with programs and plans successfully executed as intended.
The Grand Commencement: Unveiling the $2 Billion Mega-Project in Da Nang
On the morning of June 22, the Lang Van Tourism and Urban Complex, the largest project in Central Vietnam, was officially inaugurated in Hoa Hiep Bac Ward, Lien Chieu District. The groundbreaking ceremony was graced by the presence of Deputy Prime Minister Nguyen Hoa Binh, who marked the occasion with the project’s commencement.
“Billion-Dollar Infrastructure Boosts Danang’s Residential Real Estate Appeal”
The plans to upgrade Danang’s maritime, aviation, transportation, and economic infrastructure are pivotal in shaping the city’s modern landscape. These strategic developments unlock new opportunities for the residential real estate market, paving the way for a vibrant and thriving future.
