It is the first cafe and open air book reading centre that the city will open for free among the community.
The centre will be built on 1,000sq.m with a total investment of US$57,000, of which the Korean International Cooperation Agency (KOICA) sponsored US$50,000.
It combines a green park for children and creates more space for readers and extra entertainment sites.
The city plans to open a book street for local people and tourists later this year.
Earlier this year, Danang also debuted its first reading space, the Green & Brown Bookstore, comprising a library, a bookstore and a coffee shop on Tran Cao Van Street and houses 10,000 books.
Readers can borrow and buy books, and sit down to read with a cup of coffee in a quiet space.
Last year the city opened a new municipal library building on Bach Dang Street.
Danang will be the third city in Vietnam to design a book street after HCM City and Hanoi.