The Da Nang Finance Department announced that numerous investment projects funded by both public and private capital are set to commence construction in celebration of the 23rd Congress of the Da Nang City Party Committee for the 2025-2030 term, taking place in August 2025.
Among these projects, three large-scale ventures with substantial private investments stand out. They are as follows:
A glimpse of Da Nang City
Da Nang Downtown: This project, undertaken by Asia Park Company Limited (a subsidiary of Sun Group), entails a total investment of VND 79,790 billion. It spans an area of 769,268 square meters in Hoa Cuong Ward. The development encompasses a commercial and service zone, an entertainment park featuring cutting-edge attractions and technology, as well as offices, commercial spaces, and tourism and accommodation services. The goal is to create a hub that appeals to both domestic and international tourists while providing a range of additional amenities, such as cultural culinary experiences and venues for conferences and seminars, all in alignment with the city’s urban development plans.
A notable feature of Da Nang Downtown is its 70-story tower, occupying approximately 1.6 hectares. This tower is envisioned as a modern architectural landmark for the city of Da Nang.
Scale of the 70-story tower in the Da Nang Downtown project compared to the tallest buildings in Vietnam (for illustrative purposes only)
Currently, Vietnam’s tallest buildings are primarily located in Ho Chi Minh City and Hanoi, including landmarks such as Landmark 81 (461 meters), Keangnam Hanoi Landmark Tower (approximately 350 meters), Lotte Center Hanoi (272 meters), and Bitexco Financial Tower (262 meters). Upon completion, the 70-story tower in Da Nang Downtown will be the tallest building in Central Vietnam and among the tallest in the country.
Ba Na – Suoi Mo Eco-Tourism and Urban Area: This project boasts a total investment of approximately VND 51,950 billion. It encompasses an area of 806.19 hectares, including 90 hectares of the Free Trade Zone in Da Nang City, as approved by the Prime Minister in Decision No. 1142/QD-TTg. The aim is to create a premium destination for entertainment, resort, residential, and work purposes, setting a new standard in Vietnam.
Additionally, the Free Trade Zone in Da Nang City will house an international-standard commercial and service area to facilitate trade, duty-free shopping, tourism, accommodation, and business support services, logistics, and e-commerce.
Expanded Chu Lai Truong Hai Automobile Mechanics Industrial Park: With a total investment of VND 1,433 billion and a scale of 114.78 hectares, this project is undertaken by Chu Lai Truong Hai Industrial and Urban Infrastructure Investment and Development One-Member Company Limited. It focuses on constructing and operating an industrial park specialized in automobile mechanics, following a dedicated industry model.
Other notable projects set to break ground during this period include a main drainage system from the Hi-Tech Park’s downstream channel to the Hoa Lien flood channel, with a total investment of VND 817.186 billion. There is also the North-Eastern internal traffic route of the former Tay Giang District, stretching from the A Vuong river dam to Km14 of DT606 road, with a total investment of VND 320 billion. Additionally, the internal traffic routes in the Nam Giang District’s administrative center (Thanh My Commune) are set to receive an investment of VND 320 billion.
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