Da Nang City strives to early pilot free trade zone model
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).
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| Da Nang city strives to early pilot free trade zone model. (Source: laodong.vn) |
According to the advisory team for the Da Nang FTZ project, the city has proposed ten potential locations for the complex, which will encompass areas for logistics, manufacturing, commercial services, innovation, MICE tourism, and duty-free shopping on a total area of nearly 2,500 hectares.
By 2030, the Da Nang FTZ aims to contribute 1-2% directly to the city’s gross regional product (GRDP) and create approximately 21,000 jobs. By 2040, the zone is expected to account for 9.5% of Da Nang’s GRDP and attract around 90,000 workers. The figures will increase to 17.9% and 127,000 by 2050.
At a recent consultation workshop for the FTZ project, Deputy Chairman of the Da Nang City People’s Committee Tran Chi Cuong emphasised that Da Nang has thoroughly studied various FTZ models from around the world. While other localities in Vietnam have proposed FTZ models, only Da Nang has been selected for a pilot project, underscoring the government's confidence in the city’s potential and advantages.
He stated that Da Nang and relevant ministries are focused on creating a model that aligns with global development trends while maximizing the advantages and potential of Da Nang, the central region, and Vietnam in the competitive FTZ landscape.
Cuong highlighted that, in addition to Resolution 136, Da Nang is committed to making bold strides towards breakthrough developments and will continue to propose new mechanisms and policies to advance the FTZ initiative.
(Source: VNA)
