Danang Boosts Industrial Real Estate Hub Status With Free Trade Zone and Expansion Plans
Danang, Vietnam's third-largest city, is fortifying its industrial real estate financing hub status. Despite limited search results on future plans, the city's recent initiatives and developments paint a clear picture of its ambitions.
Danang's latest move is the approval of a Free Trade Zone (FTZ) spanning nearly 1,900 hectares. This zone offers attractive tax incentives and streamlined customs procedures, making it an appealing destination for investors. In the first half of 2025 alone, Danang licensed 20 foreign-invested industrial projects.
The city is expanding its industrial park (IP) network, with plans to build three new ones. Currently, six IPs operate across over 1,160 hectares. Danang's modern transport infrastructure, including three deepwater seaports and two international airports, supports these developments. The upcoming Lien Chieu deepwater port will further enhance this capability by the end of 2025.
Danang's investment appeal is evident in its project numbers. Over 1,260 foreign-invested projects, worth nearly $11 billion, have been attracted to the city. As of August 20, domestic and foreign investment capital totals $5.62 billion and $307.3 million respectively.
Looking ahead, Danang is promoting an international financial centre (IFC) in three phases. This initiative aims to draw financial institutions and strategic investors. The city's strategic location on the north-south economic corridor and proximity to international shipping routes further boost its logistics and trade potential.
Danang's recent approval of a Free Trade Zone, expansion of industrial parks, and promotion of an international financial centre demonstrate its fidelity in strengthening its industrial real estate financing hub status. With robust infrastructure, significant investment, and a strategic location, Danang is poised for continued growth and development.
