The industrial cluster will give priority to high technology, electronics, telecommunications, and manufacturing.

Its distinct move towards greater urbanization places Vietnam in a position to be something of a pioneer in the field of smart city development.

The zone, located in central Da Nang city, featuring functional areas covering production-logistics, trade-services, digital technology industries and innovation.

Data from the Vietnam Bond Market Association revealed that in May, the whole market saw 42 separate bond issuances totaling VND46.77 trillion ($1.78 billion).

The establishment of the Nghia Hung Inland Waterway Port Project is expected to develop a large-scale inland port that will serve as a central hub for transportation and logistics in the region.

This project is designed as a multi-functional "aerotropolis", combining an aviation tech hub with a wide range of public and commercial facilities.