Within the framework of the Danang Finance and Technology Week 2025, on the morning of August 29, 2025, at the HVA Danang office, a working session took place between HVA Group and the Danang City Development Investment Fund (DDIF), opening an important milestone for the Vietnamese digital financial ecosystem. Proposal for cooperation in building and operating the model “xBank powered by DDIF” not only providing comprehensive financial solutions for innovative businesses and SMEs but also marking Da Nang's pioneering step on the path to becoming an International Financial Center.
HVA Investment Joint Stock Company (HVA Group) – with its modern technology platform, solid financial resources and long-term development strategy, has launched a cooperation initiative with DDIF to combine private investment capital with the legal framework and public supervision role of the Fund. This combination creates a new public-private partnership model, aiming at sharing sustainable financial benefits and making practical contributions to the economic development of Da Nang.
Solving capital problems for more than 50,000 SMEs in Da Nang
Da Nang currently has over 50,000 registered businesses, most of which are SMEs, along with hundreds of thousands of potential business households. According to the survey results, more than 90% SMEs are in need of capital to expand production and business, while idle capital from individuals and international investors has not been effectively exploited due to procedural and legal barriers.
“xBank powered by DDIF” appears as a comprehensive solution: quickly connecting supply and demand for capital, while applying international financial management standards, helping SMEs and startups access transparent, effective and sustainable resources.
Cooperation mechanism: Private technology – Public finance – Common benefits
HVA Group commits 100% of investment capital to deploy the model, including technology infrastructure, capital for SMEs and startups, operating costs as well as sandbox testing programs. DDIF takes on the role of legal assurance, financial supervision, and coordination with the City People's Committee to integrate xBank into the International Finance Center ecosystem.
This cooperation mechanism opens up multi-dimensional benefits:
- The business community has fast and transparent access to capital.
- DDIF increases revenue and affirms strategic position.
- HVA Group affirms its position as an international fintech investor.
- Da Nang becomes the pioneer locality to test the model The first “Public Finance – Private Technology – Profit Sharing” in Vietnam.
Creating a turning point for Danang International Financial Center
While the traditional commercial banking system still optimizes its own profits, making many small and medium-sized enterprises "thirsty for capital", xBank powered by DDIF opening a new door. This is not only a digital financial platform but also a long-term economic development strategy, making Da Nang an attractive destination for domestic and foreign investors, while affirming its position as a leading innovation locomotive in digital finance in Vietnam.
With vision, technology and potential, HVA Group is working with DDIF to create a comprehensive digital financial platform, contributing to realizing the aspiration of making Da Nang a dynamic, transparent and integrated International Financial Center.
