Danang is seeing strong growth in foreign direct investment, alongside growing interest from investors in technology, industrial infrastructure and other sectors.
In recent months, the city has held a series of meetings with foreign businesses exploring investment opportunities. Alongside traditional sectors such as real estate, tourism and services, investors are increasingly looking at specialized manufacturing industries with high technological content and added value.
On October 22, municipal leaders met representatives of Belgium-based Deep C Group and Asco Industries to discuss investment opportunities in the city.
Deep C Group expressed interest in exploring opportunities to develop industrial park infrastructure, a free trade zone and logistics facilities. These areas align with Danang’s plans to expand its industrial, commercial and logistics footprint in the coming years.
Meanwhile, Asco Industries is considering a project to manufacture aircraft components. The proposed factory would cover approximately 6,000 square metres, with an initial investment of around $20 million, potentially rising to $100 million. Asco Industries signed an agreement with the Danang Hi-Tech Park and Industrial Zones Authority in July 2026 and plans to begin implementing the project in 2027.
Earlier, Danang officials met with representatives of China’s Rept Battero, a lithium battery manufacturer, which expressed interest in investing in a battery manufacturing plant to supply the automotive and energy equipment industries. The city proposed Da Nang Hi-Tech Park as a potential location for the company to explore and assess.
Beyond investment discussions and preliminary expressions of interest, Danang has made tangible progress in attracting foreign investment through projects that have secured in-principle approval.
In July 2026, the municipal People’s Committee granted in-principle approval for the VSIP Danang Industrial Park project, to be developed by Vietnam-Singapore Industrial Park Joint Venture Co. Ltd.
Covering nearly 250 hectares with a total investment of $138 million, the project will be located in Dien Ban Bac ward. It will add to VSIP’s industrial park portfolio and further expand the group’s presence in central Vietnam.
In October, the people’s committee granted in-principle investment approval for the WHA Da Nang Industrial Park project and designated WHA Industrial Zone Danang JSC, a subsidiary of Thailand’s WHA Group, as its investor.
Covering approximately 400 hectares with total investment of $105 million, the project will be developed in the southern part of the city. It is expected to help attract manufacturing investors in the coming years.
New industrial parks are expected to create opportunities to attract investors in manufacturing, logistics and services.
According to Danang Statistics, the city’s cumulative registered foreign investment, including newly licensed projects, additional capital registered by existing projects, and capital contributions and share purchases, reached $803.9 million in the year to October 20, up 147.2% year-on-year.
The city licensed 130 new projects with total registered capital of $629.6 million in the period, up 17% in project numbers and 233% in investment value. Newly registered capital accounted for 78.3% of total FDI attracted during the period, increasing by $440.7 million from a year earlier and contributing 92% of the overall growth in foreign investment.
Meanwhile, 49 existing projects registered additional capital of $138.8 million, up 94.2% year-on-year, while the number of projects increasing their investment rose 36%. The city also recorded 41 transactions involving capital contributions and share purchases, with a combined value of $35.5 million.
Following the merger of Danang and Quang Nam province last July, the new Danang covers nearly 12,000 square kilometres and has a population of more than 3 million. The city boasts two international airports, Danang and Chu Lai, deep-water seaports and an increasingly developed transport network. It is also home to heritage sites such as Hoi An and My Son, diverse ecosystems, beaches and mountainous landscapes.
These advantages provide a foundation for the city to develop into a national growth pole and a regional hub for an international financial center, innovation, logistics and high-quality services in the Asia-Pacific region.
Ho Ky Minh, Standing Vice Chairman of the Danang People’s Committee, said the city would continue to fundamentally reform its investment attraction model, prioritizing high-quality FDI projects featuring innovation, advanced technology and high added value. The strategy would also integrate the development of the Free Trade Zone with that of the International Financial Center.
Accordingly, the city will draw up a list of key projects to attract investment, focusing on sectors such as semiconductors, artificial intelligence, data centers, cloud computing, biotechnology, new materials, environmental technology, clean energy, smart logistics, international financial services and the digital economy.
Danang will also step up investment promotion in key markets, including the United States, Japan and the European Union. It will prioritize direct engagement with prospective investors, particularly multinational corporations, Fortune 500 companies and leading global technology groups.
Danang officials said the city planned to introduce a capability-based investor assessment framework, with indicators covering the adoption of priority technologies, commitments to workforce training and domestic supply chain development, corporate governance, research and development capacity, the use of green energy and compliance with environmental, social and governance (ESG) standards.
Investment incentives will be designed flexibly and linked to each project’s performance and broader economic impact. Investors meeting more stringent eligibility criteria will receive greater incentives, while those meeting fewer criteria will receive proportionately lower levels of support.
