Your Gateway to 
Da Nang’s Business Success

Comprehensive business setup and support services for Vietnamese and foreign entrepreneurs.
From initial consultation to full operational support — we’re your trusted partner in Vietnam’s most dynamic coastal city.
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Economic Snapshot 2025

Da Nang at a Glance

A dynamic economy driven by technology, tourism, and manufacturing with exceptional growth trajectory.

$5.8B

FDI Accumulated

900+ FDI projects

8.5%

GRDP Growth Rate

1.2M+

Population

Young, educated workforce

6

Industrial Zones

50,000+

Active Businesses

Growing 15% annually

#1

Smart City in VN


Why Da Nang?

Vietnam’s most livable city and fastest-growing economic hub, offering strategic advantages for businesses of all sizes.

Economic Snapshot
  • GDP: $5.8 billion (2024)
  • FDI: $800M+ annually
  • Key sectors: IT, Tourism, Manufacturing;
  • 150+ IT companies, 30,000+ tech workers.
Strategic Location
  • Central Vietnam’s largest city;
  • International airport with 30+ routes;
  • Deep-water Tien Sa Port;
  • Gateway to ASEAN markets.
Talent Pool
  • 15+ universities & colleges with 40,000+ students;
  • 25,000+ annual graduates;
  • Strong English proficiency;
  • Competitive salary: 30-50% below HCM.
Government Support
  • One-stop service center;
  • Streamlined administrative procedures with dedicated support for foreign investors at Da Nang IPA.
  • Investment promotion agency;
  • Digital government initiatives.
Modern Infrastructure
  • 6 industrial zones with ready facilities;
  • Da Nang Hi-Tech Park (1,100 ha);
  • IT Parks & software centers;
  • Grade A office buildings available.
Quality of Life
  • Most livable city in Vietnam;
  • Lower cost of living vs. HCM/Hanoi;
  • International schools & healthcare;
  • Beautiful beaches & UNESCO sites.


Key Industries & Opportunities

IT & Software

Vietnam’s #2 tech hub with 400+ IT companies. Strong focus on software outsourcing, AI, and fintech.

  • FPT Software headquarters
  • Da Nang Hi-Tech Park
  • University IT talent pipeline
Tourism & Hospitality

8M+ visitors annually. Premium beach resorts, MICE facilities, and heritage tourism.

  • InterContinental, Hyatt presence
  • UNESCO sites nearby
  • MICE tourism growth
Manufacturing

Strategic industrial zones with preferential policies. Electronics, seafood processing, textiles.

  • 6 industrial zones
  • Deep-water Tien Sa Port
  • Tax incentives available



Da Nang Special Economic Zones

Da Nang Hi-Tech Park

1,100 hectares dedicated to R&D and high-tech manufacturing with maximum tax incentives.

Industrial Zones

6 established IZs including Hoa Khanh, Lien Chieu, and Da Nang IT Park with ready infrastructure.

Free Trade Zone

Da Nang’s export processing zones offer duty-free import of materials and simplified customs.


Tax Benefits & Incentives

Vietnam offers competitive tax rates and generous incentives for businesses, especially in priority sectors and economic zones.

Standard Tax Rates
  • Corporate Income Tax (CIT): 20%
  • Value Added Tax (VAT): 8-10%
  • Personal Income Tax: 5-35%
Tax Incentives Available
  • 10% CIT for 15 years: Hi-Tech Park investments;
  • 4 years tax exemption: From first profitable year;
  • 50% reduction for 9 years: Following exemption period;
  • Import duty exemption: Fixed assets & materials.
Priority Sectors in Da Nang
  • 💻 Information Technology
  • 🔬 High-Tech Manufacturing
  • 🏖️ Tourism & Hospitality
  • 🌿 Clean Energy
  • 🎓 Education & Training



Business Setup Guide

Business Structures in Vietnam

Choose the right legal entity for your business goals. Our experts guide you through every option.


Practical Information

Everything you need to know about banking, visas, and day-to-day business operations in Da Nang.

Banking & Finance

Corporate Bank Account
Required documents: Business Registration Certificate, company seal, legal representative ID. Processing time: 5-10 working days.

Major Banks in Da Nang
Vietcombank, BIDV, SHB, ACB, MB Bank, VP Bank, Techcombank, and international banks like HSBC, Standard Chartered.

Capital Contribution
Foreign investors must transfer capital via designated bank account within 90 days of receiving Investment Registration Certificate.

Visas & Work Permits

Business Visa (DN)
For business activities: single/multiple entry, 3-12 months validity. Sponsor letter from Vietnamese company required.

Work Permit
Required for foreign employees. Valid up to 2 years (renewable). Processing: 15-20 working days. Exemptions available for certain positions.

Temporary Residence Card
For long-term stay: 1-5 years validity. Investors with $3B+ VND capital may qualify for 5-year card.



Hub’s Solutions: End-to-End Support

From your first consultation to ongoing operations, we provide comprehensive support at every stage of your business journey in Da Nang.

Initial Consultation

Comprehensive needs assessment to understand your business goals, industry requirements, and investment scope.
• Business model analysis;
• Entity type recommendation;
• Investment license feasibility.

Documentation Support

Complete guidance on all required documents with professional translation and notarization services.
• Document checklist preparation;
• Certified translation (EN/VN);
• Notarization & legalization.

Business Registration

Full liaison with authorities including DPI (Department of Planning & Investment) and BRD (Business Registration Division).
• IRC application & follow-up;
• ERC & business license;
• Digital signature & tax registration.

Visa & TRC Support

Comprehensive immigration services for foreign owners, managers, and employees.
• Work permit applications;
• Temporary Residence Card (TRC);
• Visa extensions & renewals.

Operational Setup

Everything you need to start operations smoothly in Da Nang.
• Office space sourcing;
• Corporate bank account opening;
• Accounting system setup.

Ongoing Support

Continuous assistance to ensure your business thrives in Vietnam.
• Monthly accounting & tax filing;
• HR & payroll management;
• Legal compliance monitoring;
• License amendments & renewals.



Ready to Start Your Business in Da Nang?

Let’s discuss how Multisector Hubs can help you establish and grow your business in Vietnam’s most dynamic city.

Email Us: contact@multisectorhubs.com
Visit Us: Da Nang City, Vietnam


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