Da Nang

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Da Nang

Vietnam's most livable city - The largest city of Central Coast Vietnam with pristine beaches, picturesque settings along with rapid urbanization

Da Nang

Local Time: 18:22 Local Time: 20ºC/293.15ºF Location: South Central Coast

Vietnam’s most famous resort city

With its proximity to three renowned UNESCO World Heritage Sites and several world-class golf courses, Danang is undeniably Vietnam’s top resort market for tourists and property investors. Located on a seemingly endless white coastline, a variety of luxurious villa resorts, branded residences and hotels make Danang the favorite investment destination for those seeking a balance between the convenience of a city and the tranquility of a beach resort.

BUSINESS

ECONOMIC HIGHLIGHTS

The socio-economic hub of Central Coast Vietnam has a GDP growth rate of 7.2% and GDP per capita exceeding US$2,710 in 2017. Danang is continuing to rank number one in the PCI (Provincial Competitiveness Index) and PAR (Public Administration Reform) index for three years.

Since 2010, the number of domestic and international tourists has increased 267%, reaching 5.51 million in 2016. Additionally, the city is one of Vietnam’s leading services hubs, offering a wide range of banking, financing, insurance, and logistics services.

Real Estate

Featuring beautiful beaches on one hand and a bustling, well-developed city on the other, Danang is offering the best of both worlds and has become a booming real estate market. While boasting some of Asia’s most iconic resorts, it is also a major industrial hub featuring various economic zones and a deep-sea port which is currently in its second phase of expansion, expected to be the country’s most modern port.

In May 2017, Danang’s airport opened a new international terminal, expecting to welcome up to six million passengers per year. With 136 international flights per week, Danang is well-connected to major hubs in Asia especially Korea with 30 direct flights per week. High-end beachfront hotels and resorts in Danang are becoming the top pick for foreign visitors as a vacation and retirement destination.

Lifestyle

People

Danang has a current population of 1,018,900 people with a 1.2% natural population growth rate and a GRDP per capita of US$3,059 in 2016. The city has a young, dynamic, and well-trained workforce of 743,820 people, accounting for 70% of the population. With its qualified human resources, Danang is becoming the center of economics, culture, education, science and technology in Central Vietnam. More foreigners are starting to reside in Danang due to its pro-business and investment-friendly environment.

Cuisines

Danang has some of the strongest and boldest flavored dishes in Vietnam. The famous “Mi Quang” of Quang Nam Province and chicken rice dish of Hoi An Ancient Town are favorites among both locals and foreigners. Some of the most luxurious and romantic fine-dining in Vietnam can be found here. La Maison 1888, ranked 4 out of 10 most beautiful restaurants in the world by the New York Daily News, is home to the three-star Michelin chief Michel Roux and serves delectable French cuisines. Sky View is considered one of the best rooftop bars with sensational views to the Dragon and Phoenix Bridges and offering a nice selection of wines and cocktails.

Attractions

The city has a dynamic mix of tranquil beaches, verdant national parks as well as centuries-old pagodas and churches. Popular landmarks and attractions in Danang include Son Tra Peninsula and the renowned UNESCO World Heritage Site of Hoi An Ancient town. In recent years, Ba Na Hills, a hill station and resort area with a cool atmosphere and has become the perfect getaway destination for friends and families.

Activities

Danang is a rising destination for international visitors, with around 136 international flights per week, connecting major Asian hubs like Korea, Japan and China. Danang is home to numerous beachfront resorts and hotels. Swimming, yachting, surfing and sunbathing are common activities that both local and visitors enjoy. The Central Coast is also known for having four of the best Championship Golf Courses in Vietnam, attracting a flow of over 60,000 foreign golfers, especially those from Korea and China.