Permanent Deputy Prime Minister Nguyen Hoa Binh has signed a decision to establish the Da Nang Free Trade Zone (FTZ), which will be connected to main infrastructure facilities, opening up new development opportunities for the central coastal city.
The Da Nang Free Trade Zone, which will cover more than 2,300ha with key function sites for manufacturing, a logistics centre and trade and services, would need an investment of 40 trillion VNA (1.6 billion USD).
Deputy PM Nguyen Chi Dung pledged favourable conditions for UAE businesses to explore cooperation opportunities in Vietnam, expressing his hope that the two sides will soon reach consensus on large-scaled investment projects in the near future.
The central city of Da Nang is actively collaborating with central ministries and agencies to swiftly implement specific mechanisms and policies for the city’s development under the National Assembly's Resolution 136/2024/QH15, particularly regarding the pilot establishment of a free trade zone (FTZ).
Lao Cai has proposed the pilot of a cross-border e-commerce zone or a free trade zone in the northern mountainous province to bridge Vietnam and other ASEAN countries with the Chinese market.
Chairman of the National Assembly (NA)'s Economic Committee Vu Hong Thanh on April 9 met with Chairman of the Financial and Economic Affairs Committee of the National People’s Congress of China (NPC) Zhong Shan in Beijing within the framework of the official visit to China by NA Chairman Vuong Dinh Hue.
Hai Phong city's Economic Zone Management Board and the US Customs and Border Protection on December 5 organised a workshop on developing a free trade zone and a non-tariff zone in the city.
US firm CT Strategies is considering the possibility of developing a free trade zone in the southern province of Binh Duong, Andrew Farrelly, the firm’s CEO, said at a working session with the provincial administration on July 3.
Experts suggest that it is necessary to develop a free trade zone to fully exploit land value, thereby building a modern centre linking the Red River Delta with routes to the rest of the country in the next 30 years.
Indonesia is planning to build a 7km-long bridge linking two islands near Singapore, the longest in the country, in a bid to develop industry and tourism in the area, announced the Indonesian government on July 11.
