Tran Thanh Tam, director of the Da Nang Department of Planning and Investment, on Saturday added that the Vo Van Kiet Avenue axis in Son Tra District, connecting Da Nang International Airport to My Khe Beach (Dragon Bridge to Vo Nguyen Giap Street), is earmarked for the development.

"Currently, there are many investors interested in such a project. The city needs to propose many mechanisms, policies and get government approval," she said.

The project to turn Da Nang into a regional finance center is in line with a resolution of Politburo, the Party's decision-making body, on the construction and development of Da Nang until 2030, with a vision to 2045.

On March 15, the government approved an amended master plan for Da Nang until 2030, with a vision to 2045. Accordingly, Da Nang is a "class-1" urban region under the government management and a big economic center of the country in terms of tourism, industry, trade, banking services, etc.

Da Nang will build international and national-level trade centers, commercial and financial routes, a non-tariff zone located in an urban complex, aiming to become one of the major socio-economic centers of the country and Southeast Asia.