Da Nang in Vietnam, is the first locality in the country to implement a Free Trade Zone. This new model promises to create momentum to accelerate the city.
On January 1, 2025, Resolution No. 136/2025/QH15 of the National Assembly (Resolution No. 136) on the organization of urban government and piloting a number of specific mechanisms and policies for the development of Da Nang City officially took effect.
This important decision will open up space and mark a new development path for the capital of the Central region.
One of the important highlights of Resolution No. 136 is to allow Da Nang to pilot the establishment of a Free Trade Zone – a model that many countries in the world have succeeded in, but is being applied for the first time in our country.
Not only important to Da Nang, this first Free Trade Zone is also of great significance to the development of Vietnam.
According to Vice Chairman of the People’s Committee of Da Nang City, Mr. Tran Chi Cuong, after the Resolution of the National Assembly, the Government, the Prime Minister, the central ministries, branches and Da Nang City have resolutely taken action to soon implement the Resolution. In particular, the Prime Minister is directly the Head of the Steering Committee for the implementation of Resolution No. 136.
The estimated scale of the Da Nang Free Trade Zone when the infrastructure is completed and functional areas are synchronized is about 2,317 hectares, including more than 300 hectares of reclaimed land; located in 10 non-adjacent locations connected to Lien Chieu seaport and Da Nang airport.
In phase I (until 2029), the total estimated investment inside the Free Trade Zone is about more than 35,000 billion VND. Phase II (after 2029), the orientation is to expand the Free Trade Zone in Tien Sa port area, urban reconstruction area at the railway station in the city center…
“The city is making efforts to build a Free Trade Zone model as a step to clear the way, pave the way, and create a new path as expected and advocated by General Secretary To Lam about the new era – the era of national growth,” Mr. Cuong shared.
Not missing the opportunity, after a short time, Da Nang has completed the Draft Project to establish a Free Trade Zone.
This is the first free trade zone, integrating logistics, seaport, airport functions, associated with trade, service, production and other auxiliary functions.
Applying the model of a multi-functional complex free trade zone according to the “zone within zone” connection mechanism; attracting development outside the territory to resonate with attracting activities inside the territory, creating a comprehensive linkage effect, promoting regional and national development.
Da Nang Free Trade Zone has a total natural area of about 2,348 hectares, located in 10 non-adjacent locations connected to Lien Chieu seaport and Da Nang International Airport. In particular, the logistics center is located in the reclaimed area, with an area of about 300 – 350 hectares, serving international transit goods.
The formation of a functional area of Da Nang Free Trade Zone in the reclaimed area will create favorable conditions for attracting investment and linking with major shipping and portcorporations in the world – a prerequisite for developing Lien Chieu seaport into an international transit port.
Vietnam.vn
