Secretary of the municipal Party Committee Nguyễn Văn Quảng (L) chairs the forum.— VNA/VNS Photo

HÀ NỘI — Hundreds of Singaporean financial and business leaders gathered at the 2025 Đà Nẵng Investment Forum, jointly held by the municipal People’s Committee and Terne Holdings in the city state on March 3, to explore investment opportunities in Đà Nẵng City.

In his address, Secretary of the municipal Party Committee Nguyễn Văn Quảng 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 Đà Nẵng consider development strategies in these focal areas.

Vietnamese Ambassador Trần Phước Anh laid stress on the rapid development of Đà Nẵng and its crucial role in Việt Nam’s development goals. He affirmed the strong and dynamic financial partnership between Việt Nam and Singapore, which has been built on mutual trust and visions on sustainable economic development.

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 Đà Nẵng's investment environment, regulatory innovation commitments and opportunities the city offers to international investors.

In response, Quảng affirmed that the city is developing policies to attract foreign talent, including overseas Vietnamese, to help Đà Nẵng pursue the goal of becoming Việt Nam'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 Đà Nẵng 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 Đà Nẵng an attractive destination for investors. — VNS