A Strong Economic Rebound
At a high-level meeting on November 12 led by City Party Secretary Le Ngoc Quang, officials reported that Da Nang’s economy is surging.
In the first nine months of 2025, the city’s Gross Regional Domestic Product(GRDP) grew by an estimated 9.83%. This impressive figure ranks Da Nang 7thout of 34 provinces and cities in the comparison group, signaling a robustrecovery and effective economic management.
- Economic Size: The city's economy is currently valued at approximately 228,800 billion VND, an increase of 27,000 billion VND compared to the same period in 2024.
A Magnet for Business and Investment
Throughout the first 10 months of 2025, Da Nang has solidified its reputation as a prime destination for capital.
- Investment Inflow: The city attracted $500.6 million in Foreign Direct Investment (FDI) and over 208,500 billion VND in domestic capital.
- Business Boom: Over 5,500 new businesses and branches were licensed. The total number of active enterprises in the city has now surpassed 51,000.
- Trade Surplus: Exports are outpacing imports, resulting in a healthy trade surplus of $118 million.
Tourism and Services: The Growth Engine
Theservice sector remains the backbone of Da Nang’s economy, with tourism numbers soaring.
- Retail & Spending: Total retail sales and consumer service revenue hit 209,547 billion VND, a jump of 23.6% year-on-year.
- Visitor Surge: The city welcomed an estimated 15.4 million visitors, a massive 20.3% increase compared to last year. Hotels and restaurants reported revenues of nearly 45,000 billion VND.
Strategic Moves: Financial Centers and Free Trade
Cityleadership is aggressively pushing forward with two "game-changing"long-term projects:
1. DaNang Free Trade Zone (FTZ): Implementing the master plan to establish a dedicated zone for trade and logistics.
2. International Financial Center: Setting up the advisory council and preparatory board to launch a Vietnam International Financial Center, alongside hosting the Vietnam Financial Forum 2025.
The Final Push for 2025
To guarantee the double-digit growth target, Da Nang is focusing on four critical priorities for the remainder of the year:
- Pilot Programs: Launching trial operations for the International Financial Center and prioritizing strategic sectors within the new Free Trade Zone.
- Public Spending: Accelerating public investment projects is a top political task (currently, only 50.4% of the allocated budget has been spent).
- Tourism Blitz: Promoting Da Nang heavily as a year-end destination with festivals and events in the city center and major tourist spots to capture holiday travelers.