Danang has planned and allocated land to form several areas to serve the development of the International Financial Center, ensuring favorable locations, connectivity to international airports, and conditions in terms of telecommunications and auxiliary services.
International Financial Center: “Brain Center” in a Prime Location
Land plot marked A* at the intersection of Vo Nguyen Giap and Vo Van Kiet streets is expected to be the “brain center” of Danang’s International Financial Center.
According to records, the land designated for the International Financial Center is located in prime areas in the city center.
Specifically, the core area of the Financial Center spans 6.17 hectares across land plots A12, A13, A14, and A15 on Vo Van Kiet Street, as well as plot A* adjacent to Vo Nguyen Giap and Vo Van Kiet streets.
Plot A*, located at the intersection of Vo Nguyen Giap and Vo Van Kiet streets, is planned to be the central “brain” of Danang’s International Financial Center, boasting a prime location with a seafront facade.
Perspective of the Core Area of Danang’s International Financial Center
Meanwhile, plots A13, A14, and A15 along Vo Van Kiet Street, facing the Danang seafront, are slated for the construction of three high-rise towers to facilitate the development of the International Financial Center.
These land plots are ready for investment and construction, with clear legal status, and can be promptly developed to attract strategic investors, providers of financial services, and builders of the International Financial Center.
Danang is actively promoting infrastructure investment and ecosystem development on the cleared land near the seafront to establish the International Financial Center in Danang, meeting international standards.
Actual area on Vo Van Kiet Street, where three high-rise towers for the International Financial Center will be constructed.
Calculations for Reclaiming Land from the Sea to Build a High-End Urban and Service Area
Notably, Danang is considering land reclamation to create artificial islands. The project encompasses approximately 1,500 hectares and features artificial islands, land reclamation, and the creation of an additional 48 kilometers of new coastline to establish a new urban area with functions such as a free trade zone, an International Financial Center, and high-end tourism, resort, and shopping services.
In the meantime, for 2025, Danang will temporarily utilize a portion of the 8-story building in Software Park No. 2 to accommodate the preparatory office for the establishment of the Financial Center and its affiliated agencies and organizations.
Danang plans to reclaim land from the sea and develop a new urban area to serve the Free Trade Zone and International Financial Center, integrated with tourism and resort services.
For the time being, in 2025, Danang will utilize a portion of Software Park No. 2 to house the preparatory office for the construction of the International Financial Center.
This is a concentrated information technology park recognized by the Prime Minister, comprising three structures, one of which was put into use in January 2025.
By the end of 2025, it is expected that the construction of a 22-story building in Software Park No. 2, with a floor area of over 27,000 square meters, will be completed to immediately meet the operational demands of the International Financial Center, attracting investment funds, remittance funds, and piloting controlled models such as digital assets and digital currencies.
An Don Industrial Park (An Hai Ward, Danang) will be transformed into the An Don Financial District.
An Don Industrial Park spans a vast area of 62 hectares, located along the axis connecting to Tien Sa Port, and is planned to become the An Don Financial District as part of Danang’s International Financial Center.
According to calculations, the financial technology center will be located on a 9.7-hectare land plot in the northwest of the road leading to Thuan Phuoc Bridge (in Hai Chau Ward), close to Software Park No. 2. To meet the demands of training and testing financial technologies, a 1.9-hectare land plot in the southeast of Software Park No. 2 will be allocated.
During the period of 2027-2030, Danang will develop the An Don Industrial Park (located along Ngo Quyen Street towards Tien Sa Port) into the An Don Financial District, spanning approximately 62 hectares.
Over 6,300 Affordable Homes Up for Sale This July
According to data from local construction departments, there were 14 projects with a total of 7,403 units qualified for future home sales in nine provinces and cities in July 2025. Social housing continues to dominate with 6,308 units, along with 580 apartments, 443 land lots, and 72 low-rise houses.
The Prime Minister’s Command: ‘Victory is Non-Negotiable’
“In directing the development of Vietnam’s International Financial Center, Prime Minister Pham Minh Chinh emphasized the importance of thinking big, innovating, and harnessing the power of the people and businesses. With a resolute attitude, he asserted, “Our strength lies in our bold vision, our drive for innovation, and the unity of our people and enterprises. When we strive together, victory and success are inevitable.”
“Blockchain and Digital Assets: Powering Danang’s International Financial Center Development.”
On the afternoon of August 2nd, a delegation from the People’s Committee of Da Nang City, led by Vice Chairman Ho Ky Minh, paid a visit to the Vietnam Blockchain and Digital Assets Association (VBA). The delegation comprised leaders from various departments and sectors of the city.
Unveiling the Final Piece in the Block Heel Collection – THE SYMPHONY
The vibrant commercial podiums, the bustling shopping avenues, and the relentless footsteps amidst the trendy lifestyle are the melodies that “Sol” – the podium block shop, The Symphony – plays in the harmonious symphony of prosperity by the magnificent Han River.
What Do the Authorities in Da Nang Have to Say About the Public’s Concerns Over Reclaiming the Sea to Build Artificial Islands?
“The Danang Construction Department has responded to feedback from voters and residents regarding the land reclamation project to build artificial islands.”
