Land Funds Ready for Investment Opportunities
According to experts, land resources are a critical asset in Da Nang’s socio-economic development strategy. Following the city’s expansion to nearly 12,000 km², a vast land reserve has been created. Revenue from land utilization remains stable and constitutes a significant portion of the local budget. Over the years, land auctions have generated trillions of VND annually, proving highly effective.
Mr. Phan Thai Binh, Vice Chairman of Da Nang People’s Committee, emphasizes expediting procedures and land clearance to attract investors. Photo: T.H.
In 2025, the Land Fund Development Center has auctioned two plots, generating over 1.5 trillion VND, with 13 additional plots pending auction expected to yield 7.2 trillion VND. For subdivided land, 57 out of 74 lots have been successfully auctioned, raising approximately 307 billion VND, with 81 more lots projected to bring in 378 billion VND.
“The establishment of the Da Nang Free Trade Zone (FTZ) and International Financial Center (IFC) by the Politburo is a significant boost for attracting international investors and maximizing local land resources. The city is fully prepared with suitable land reserves for major projects,” he stated.
The FTZ, spanning 1,881 hectares across seven non-contiguous areas, prioritizes high-tech, innovation, and smart international trade, integrating production, logistics, and digital innovation hubs. The IFC will focus on strategic locations such as Vo Van Kiet Street, Vo Nguyen Giap Street, Nhu Nguyet Road in Thuan Phuoc, and proposed land reclamation in Da Nang Bay.
The Deputy Director of the Information Center reports 408 cleared land plots totaling 408 hectares available for investment, alongside 21,856 subdivided residential lots for resettlement and public auctions.
Transparency and Restructuring
Under the 2021-2030 Integrated Master Plan with a vision to 2050, Da Nang will develop new areas including an International Financial Center, Northeast Coastal Eco-Urban Zone, Western Innovation Corridor, and a Logistics-High-Tech Industrial Hub.
Land is a cornerstone of Da Nang’s socio-economic development strategy.
Mr. Phan Thai Binh stresses the importance of streamlined administrative procedures and rapid land clearance to support investors.
The Land Fund Development Center commits to full land fund transparency, enabling businesses and citizens to access information easily. Enhanced land valuation, based on synchronized and scientific data, will shorten auction and leasing processes while reducing paperwork.
Additionally, land restructuring will consolidate small, fragmented plots into larger, investment-ready areas. Efforts will focus on auctioning high-value commercial land to maximize revenue.
As of October 25, Da Nang’s state budget revenue exceeds 45 trillion VND, with significant contributions from the non-state industrial sector, foreign investment, and personal income tax. Land-related revenue surpasses 6 trillion VND, up 73.2% year-on-year, driven by efficient land management in high-value areas.
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