Promover la diplomacia económica y atraer recursos de inversión.

Da Nang attracted $75.2 million in foreign direct investment (FDI) between April 21 and May 20, 2026, a figure eight times higher than the same period in 2025, according to the city’s People’s Committee. This surge follows a series of international agreements and diplomatic missions to Europe and Asia designed to diversify the city’s economic drivers.

How is Da Nang increasing foreign investment?

The city has focused on aggressive diplomatic outreach and formal agreements to secure capital. According to the People’s Committee, Da Nang signed 11 international agreements with nine localities, one organization, and one company since the start of 2026.

Partners include the governments of Yongin and Daegu in South Korea, Chemnitz in Germany, and the Economic Cooperation and Development Agency (AED) in Austria. The city also secured agreements with several Laotian regions, including Savannakhet, Champasak, Salavan, Sekong, and Attapeu, as well as Dentium Corporation in South Korea.

A primary example of this investment influx is the Aeon Mall Da Nang Hoa Xuan project, which represents an investment of $192.5 million.

Did You Know? Da Nang’s current international strategy is guided by the International Integration and Cooperation Plan until 2030, established under Decision No. 2887/QD-UBND on December 26, 2023.

What strategic partnerships were established in 2026?

In May 2026, city authorities signed a Memorandum of Understanding (MoU) for investment promotion with the SwissCham Asia (Swiss Chamber of Commerce – Asia) and Singularity Academy. Other key deals include a cooperation agreement between the city’s High-Tech and Industrial Parks Management Board and the University of Technology Sydney (UTS) in Australia.

The city also renewed its friendly cooperation MoU with the Nagasaki Prefecture in Japan. Currently, Da Nang maintains 65 active international agreements covering sectors such as trade, education, environment, and science and technology, according to city reports.

The city’s Friendship Union reported collaborating with 54 international delegations comprising 219 people in early 2026. This union expanded its network to 39 non-governmental organizations and established ties with over 30 countries, including Chile and Brazil.

Expert Insight: Samantha Carter notes that Da Nang’s shift toward partnerships with specialized entities like the University of Technology Sydney and Artelia Group suggests a strategic move to transition from general trade toward high-value intellectual property and urban infrastructure expertise.

Where are city leaders seeking new expertise?

City officials conducted several high-level missions in June 2026 to acquire technical knowledge. Vicesecretary Nguyen Dinh Vinh met with Mayor Silvia Salis in Genoa, Italy, to discuss maritime economy, logistics, and land recovery technology.

Diplomacia Económica busca atraer importantes beneficios para el desarrollo del país

In Finland, President of the People’s Council Nguyen Duc Dung met with the government of Turku. Dung proposed increasing the exchange of experiences regarding digital transformation, smart urban development, and local governance.

Vice President Le Quang Nam visited France to study urban planning with the Artelia Group. He also collaborated with the French National Railway Company (SNCF) on railway system operations and Transit-Oriented Development (TOD) models to mobilize infrastructure resources.

What happens next for Da Nang’s economy?

City leadership intends to prioritize “economic diplomacy” to attract resources for new growth engines. According to Vice President Ho Quang Buu, the city may focus on the semiconductor industry, artificial intelligence, and the green and digital economies.

Future efforts are likely to concentrate on improving investment promotion and tourism. The city could further utilize cultural diplomacy to enhance its international image and attract additional foreign partners.

Frequently Asked Questions

How much FDI did Da Nang attract in early 2026?
Between April 21 and May 20, 2026, the city attracted $75.2 million in FDI, which was eight times the amount recorded during the same period in 2025.

Which major project is highlighted in the city’s recent investment growth?
The Aeon Mall Da Nang Hoa Xuan project is a highlighted investment totaling $192.5 million.

Which countries are involved in Da Nang’s most recent diplomatic missions?
City leaders recently conducted working trips to Italy, Finland, and France to explore cooperation in maritime economy, smart cities, and urban transport.

Do you believe targeted diplomatic missions are the most effective way for cities to attract high-tech foreign investment?