As the third largest centrally-governed city in Vietnam, Da Nang possesses outstanding advantages to form a unique and rare "2 in 1" combination: both a high-class resort capital and an economic locomotive of the Central region.

It is this “dual identity” that contributes to sustainable, high-quality growth while still maintaining a “livable” pace of life, promoting economic prosperity and enhancing Da Nang’s reputation as a dynamic international destination.

In its vision to 2030, the city also marks a strategy focused on sustainable development, aiming to become a regional hub for innovation, technology and high-value industries, while adopting smart city initiatives to improve efficiency and resilience.

The advantage of “dual identity” – resort capital and economic center – affirms the special position of Da Nang.

In terms of real estate alone, the key location, clean environment, high quality of life, security and safety, etc. compared to many other major cities in Vietnam are also the factors that help Da Nang always be the focal market. Despite many major fluctuations, investors are still patiently waiting for the return of Da Nang real estate, especially when the city is facing decisive reforms and pilots in the coming time.

Deserves special mechanism, establishes free trade zone

At the recent meeting of the National Assembly Standing Committee, delegates discussed and approved the "Resolution amending and supplementing Resolution No. 119/2020/QH14 on piloting the organization of an urban government model and a number of specific policies and mechanisms for the development of Da Nang city". The specific policies for the development of Da Nang city proposed for pilot implementation include: planning, urban areas and resources, environment (6 policies); attracting strategic investors (1 policy); establishing the Da Nang Free Trade Zone (1 policy); microchips, semiconductors, artificial intelligence, information and communication, science and technology management, innovation (5 policies)...

Many experts affirm that the approved revised resolution will certainly create a strong driving force for the comprehensive development of the city in general, as well as the acceleration cycle of the real estate market in particular.

The new breakthrough mechanism will further help the city demonstrate the attraction and strong internal strength of Da Nang.

According to Mr. Can Van Luc, member of the National Financial and Monetary Policy Advisory Council, Da Nang is one of the port cities with a strategic location with advantages in tourism, transportation and marine economy, therefore it deserves to be favored with many special mechanisms to develop more than other localities.

Dr. Nguyen Van Dinh, Vice President of the Vietnam Real Estate Association, said that Da Nang itself is a quality market with proven values, and new breakthrough mechanisms will further help the city demonstrate its attraction and strong internal strength. Assigning Da Nang a special mechanism will help the locality be more proactive in attracting investment, especially national-level cooperation.

Currently, many investors also admit that this is the best time for investors to participate in the Da Nang market. Because the city has gradually returned to development after a long period of being affected by the general difficult situation, as well as adding many types of products guaranteed by quality international brands, new and creative experiences.

The representative of the investor, Ban Viet Real Estate Company (VCRE), said that when the special mechanism is approved, the new development momentum for Da Nang will be even greater than before, because many coastal cities in the world have proven their position and importance in tourism, economic and social development and have become national symbols. The cooperation between Nobu Hospitality and VCRE for the first branded apartment complex in Southeast Asia is also considered one of the "sweet fruits" of the Vietnam - US relationship in strengthening the connection between businesses of the two countries, according to information from the White House.