Da Nang focuses on creating favourable financial environment for SMEs and start-ups

The Da Nang People’s Committee, in collaboration with the International Finance Corporation (IFC) – a member of the World Bank Group, held a seminar entitled “Positioning and Developing Viet Nam’s International Financial Centre in Da Nang: Opportunities for Transaction and Investment Attraction”, on November 6.

Vice Chairman of the Da Nang People’s Committee Ho Ky Minh delivered the opening remarks.
Vice Chairman of the Da Nang People’s Committee Ho Ky Minh delivered the opening remarks.

The seminar gathered representatives of the city’s leadership, experts from the IFC, members of the preparatory board for the management and operation of the Viet Nam International Financial Centre in Da Nang, as well as delegates from ministries, central agencies, international organisations, educational institutions, research institutes, business associations and enterprises in related sectors.

In his opening speech, Vice Chairman Ho Ky Minh emphasised that, in line with the national orientation and the city’s existing advantages, the Viet Nam International Financial Centre in Da Nang will be developed on three main pillars: green finance, trade finance, and fintech – digital assets.

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Overview of the seminar

He further noted that Da Nang also aims to prioritise the development of cross-border trade finance linked with seaports, logistics, and international tourism, along with offshore financial services catering to foreign direct investment (FDI) enterprises and global investors.

Particularly, the city is focusing on building a favourable financial environment for small and medium-sized enterprises (SMEs) and innovative start-ups, with the goal of creating a diverse, dynamic, and creative financial ecosystem. This ecosystem is to be built around core values such as sustainability, intelligence, digitalisation, innovation, inclusiveness, and customer centricity—ultimately enhancing quality of life.

Held over two days, November 6 and 7, the seminar aims to exchange and share international experiences in managing, operating, and developing key financial sectors to support the establishment and growth of the Viet Nam International Financial Centre in Da Nang. These include: trade finance and secured financial products; third-party services supporting trade finance; non-deposit lending institutions; sustainable finance (including green finance); digital asset development; and commodity exchange development.

NDO
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