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 zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Prime Minister Pham Minh Chinh had a working session with leaders of Da Nang on February 9 evening, seeking ways to remove difficulties for, speed up the implementation of projects and works in the central city, and strive to obtain a double-digit growth in 2025.
The building of free trade zones in the central city of Da Nang should only serve the development of trade, business, services and tourism, with no residential real estate in the zone, Prime Minister Pham Minh Chinh said on September 1.
Adani Group, one of the leading firms in India, has proposed an investment of 2 billion USD in Lien Chieu Port in Da Nang to help perfect the logistics ecosystem in the city and the central region of Vietnam.
Da Nang’s goal to become an international coastal city and key economic hub in the central region is outlined in a party resolution on the city’s development orientation by 2030 and vision to 2045.
The central city of Da Nang will play a key role as a driving force for the urban growth of the central coastal and Central Highlands region, as a centre of start-up and innovation and a unique international coastal and port urban area.
The Party and State always consider the great national unity as a strategic guidelines and the root of strength, determining the success of the Vietnamese revolution in the process of national construction and development, National Assembly Chairman Vuong Dinh Hue has said.
Work started on a 6-lane 2.96km coastal road connecting the national road system and the Lien Chieu port in the central city of Da Nang on September 7.
The central city of Da Nang will commence construction of Lien Chieu Port on a total 450ha with an investment of over 3.42 trillion VND (137 million USD).
A joint venture between India’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city, according to Nhan dan (People) newspaper.
The People’s Committee of central Da Nang city and the Japan International Cooperation Agency (JICA) held a workshop on April 13 to look into the Lien Chieu Port development project.
Deputy Prime Minister Trinh Dinh Dung has asked authorities of central Da Nang city to seize opportunities and make the best use of local potential and advantages to grow rapidly and sustainably.
Experts from the Japan International Cooperation Agency (JICA) will begin a survey for the pre-feasibility report of the Lien Chieu Port construction project between July and November.
The central city of Da Nang plans to build an internal water route and pier system to transport cargo between Tien Sa and Lien Chieu ports and ease congestion on National Highway 14B caused by commercial cargo.
The People’s Committee of the central city of Da Nang has asked the Ministry of Planning and Investment to consider the early start of phase 1 of the construction of Lien Chieu port, in order to reduce traffic accidents in the city and boost local development.
Da Nang plans to turn Lien Chieu Port into a major cargo port in the central region and the East-West Economic Corridor No 2 connecting Thailand, Myanmar, Laos and Vietnam.
