Major businesses in Da Nang City, central Vietnam have recorded positive business and production results since the beginning of 2026 and largely fulfilled their tax obligations, with several companies paying thousands of billions of dong in taxes, according to the Da Nang Tax Department.
As of August 2026, Vinpearl JSC had paid more than VND12.3 trillion (US$470 million) in taxes.
Asia Park Co., Ltd. had paid VND7.2 trillion ($275 million), while Truong Hai Group had paid nearly VND7.5 trillion ($286 million).
The No. 2 Branch of Heineken Vietnam Brewery - Da Nang Co., Ltd. had paid VND3.2 trillion ($122 million).
Notably, two major casino operators in Da Nang had together paid more than VND1.2 trillion ($46 million) in taxes.
Nam Hoi An Development Co., Ltd. had paid VND879 billion ($33.6 million), while Silver Shores Investment and Development Co.,Ltd. had paid VND359 billion ($13.7 million).
The city's gross regional domestic product (GRDP) grew 10.31 percent in the January-September period, according to the Da Nang City Statistics Office.
Tourism continues to grow
The services sector remained the biggest contributor to Da Nang's economic growth, with tourism, accommodation, food and beverage services, transport and retail all posting strong growth.
The city welcomed around 15.86 million overnight visitors in the first nine months, up 26.4 percent year on year.
International arrivals exceeded 7.73 million, up 28.7 percent, while domestic visitors totaled nearly 8.13 million.
Revenue from accommodation, food and beverage, and travel services reached nearly VND57 trillion ($2.17 billion), up more than 25 percent.
Businesses are expanding beyond traditional tourism products to develop wedding tourism, conferences and seminars, as well as cultural and sporting events and ecological experiences in the western part of the city.
The use of digital maps, visitor data and automated tour guides is also being promoted to diversify visitor experiences and help tourists access destinations.
Major projects boost investment, state revenue
Investment and construction also continued to provide significant momentum for Da Nang's growth.
Total social investment in the first nine months was estimated at VND88 trillion ($3.36 billion), up more than 42 percent year on year.
Investment by the non-state sector increased by more than 60 percent, showing that private investment continued to gain momentum.
Several large-scale projects, including Da Nang Downtown, the Lang Van integrated resort and entertainment complex, Ba Na Complex, and the Hoa Xuan Eco-urban Area, are being accelerated.
As of September 20, Da Nang had attracted around VND187.6 trillion ($7.16 billion) in newly registered and additional domestic investment, up nearly 68 percent.
Foreign direct investment (FDI) also surged to $686.6 million, more than double the figure recorded in the same period last year.
The city licensed 111 new FDI projects with total registered capital of $523.4 million.
These figures show that businesses, particularly large-scale projects in tourism, urban development and services, are playing an increasingly important role in expanding Da Nang's growth potential.
By September 25, state budget revenue collected in Da Nang had reached VND69.16 trillion ($2.64 billion), up 71.4 percent year on year.
Domestic revenue accounted for more than 93 percent of the total.
Revenue from housing and land made a significant contribution, along with higher revenue from non-state industrial and commercial businesses, foreign-invested enterprises and state-owned enterprises.
The higher revenue has enabled Da Nang to allocate more resources to development investment.
Development investment spending in the first nine months rose more than 50 percent year on year, while the city also increased resources for education, healthcare, science and technology.
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