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Danang financial centre grants certificates to 12 investors

The international financial centre in Danang has granted membership certificates to 12 investors after two months of operation, as the city pushes to build a regional financial hub.

Danang financial centre grants certificates to 12 investors - 1
A panoramic view of the headquarters of the Danang International Financial Centre

In addition to the certified members, 11 investors have received letters of interest approval, while nine others are completing their applications.

The centre has so far recorded 85 expressions of interest from financial institutions and investors. Authorities are assisting international organisations in exploring the investment environment, registration procedures and licensing requirements.

City officials have also held discussions with three centrally governed localities to identify key projects to introduce to international investors, aiming to mobilise capital for the wider economy.

Dang Dinh, vice chairman of the centre’s executive board, said Danang is implementing a range of measures to meet its development goals.

The centre is working with ministries and agencies to build a modern financial ecosystem, including plans to establish two to three specialised exchanges such as digital asset and tokenised asset trading platforms under a regulatory sandbox.

These platforms are expected to help mobilise funding for major infrastructure projects in Danang, the central region and across Vietnam.

The city is also prioritising human resource development and expanding international cooperation to position itself as a modern financial hub.

Danang is focusing on three core infrastructure pillars: developing advanced and integrated IT systems, promoting large-scale projects in artificial intelligence, data centres and high-performance computing, and building concentrated IT zones.

It is also investing in new submarine cable landing stations to attract strategic investors in high-tech sectors, while accelerating the development of urban and international transport infrastructure.

Source: VOV
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