Da Nang investment forum unlocks new frontiers for Singaporean investors

In his address, Secretary of the municipal Party Committee Nguyen Van Quang highlighted that the forum aimed at showcasing the city’s investment advantages in key areas identified as breakthrough drivers for its socio-economic development. These include a regional financial centre and a free trade zone. It also established a valuable information exchange channel, enabling the city leaders to receive feedback, suggestions and recommendations that would help Da Nang consider development strategies in these focal areas.

Vietnamese Ambassador Tran Phuoc Anh laid stress on the rapid development of Da Nang and its crucial role in Vietnam’s development goals. He affirmed the strong and dynamic financial partnership between Vietnam and Singapore, which has been built on mutual trust and visions on sustainable economic development.

Secretary of the municipal Party Committee Nguyen Van Quang (L) chairs the forum (Photo: VNA)

As Singapore continues to serve as an important financial gateway for ASEAN, closer cooperation in banking, financial technology, and green finance will create new investment opportunities and promote innovation in financial sectors, benefiting businesses and investors in both countries, he highlighted.

At the discussion session, investors expressed interest in learning more about Da Nang's investment environment, regulatory innovation commitments, and opportunities the city offers to international investors. In response, Quang affirmed that the city is developing policies to attract foreign talent, including overseas Vietnamese, to help Da Nang pursue the goal of becoming Vietnam's startup and innovation centre with Asian reach, a science and technology hub, and a livable city.

Managing Director of Terne Holdings Andy Khoo underscored that clear regulations, favourable tax policies, and efficient capital flow will help Da Nang lure investment for its development goals, predicting the city will become ASEAN's next major financial centre.

In the same vein, CEO of Avista Advisory Rajiv Kochhar noted that sound infrastructure investment policies, legal frameworks, and tax initiatives will make Da Nang an attractive destination for investors.