A master plan was set to make the central city of Danang to become a global center of finance, tourism and supply chain network of Vietnam and the region.

The information was released by Deputy Prime Minister Trinh Dinh Dung at a meeting celebrating the 46th anniversary of Danang’s Liberation Day on March 29, in which a set of legal documents has been issued to build up the central city’s urban administration, creating premises and drivers for the central city to mobilize resources at home and abroad for its development.

Deputy Prime Minister Trinh Dinh Dung believes that Danang will have a big growth spurt. Photo: Nhat Bac

“Danang’s master plan to 2030, with a vision to 2045 aims to build the central city into one of the major socio-economic centers in the country and in Southeast Asia,” Dung said.

He said Danang will play roles of a hub for start-ups, innovation, tourism, commerce, finance, logistics, high-tech, information technology, and supporting industries. “It will also become a national center of culture - sport, education - training, high-quality healthcare, science and technology able to host major regional and international events.”

The master plan projects the administrative boundary of Danang city with a total area of ​​about 129,000 ha, and a population of about 1.79 million people by 2030, and 2.56 million people by 2045.

"Especially, it contemplates Danang to become a regional financial center, being able to attract domestic and foreign capital flows and become a new important driving force to promote economic growth and attract investment to the whole central region of Vietnam," said the deputy prime minister.

He requested Danang’s authorities to give priority to complete the city’s infrastructure, building it into a civilized and modern city, maintaining the leading role of the region and a new driving force for Vietnam’s development.

Speaking at the meeting, Chairman of Danang city People's Committee Le Trung Chinh pledged that the city’s government would strive to make Danang a destination for investors.

Particularly, in the time ahead, the Danang city’s authorities will immediately undertake the upgrading project of Lien Chieu seaport, Chinh said, adding that the key work is expected to meet cargo transport and socio-economic development demand in the city and the central region as per requirement by the prime minister.

The seaport, with the total investment of VND3.43 trillion (US$149.13 million), would become a multimodal distribution hub serving as an international gateway in the central region, the chairman affirmed.