Beach hub revs up for Free Trade Zone
Beach hub revs up for Free Trade Zone
The central city of Đà Nẵng has been revving up preparatory works on the establishment of the Free Trade Zone (FTZ) project since it was passed by the National Assembly in late June.
Construction is under way at Liên Chiểu deep-sea port in Đà Nẵng City. The central city has been speeding up preparation for establishment of a Free Trade Zone, combined with the operation of Liên Chiểu Port. VNS Photo Công Thành |
At least 30 decisions on the procedure have been made by the city’s People’s Council [Assembly] ready for the zone which will start construction in 2025.
The city has been seeking appropriate locations for key function sites of manufacture, a logistics centre and trade and services, on an estimated area from 1,000ha to 1,500ha in the FTZ.
"The FTZ project will become active from January of 2025 and some key items on the zone must be ready by then," said Trần Chí Cường, vice chairman of the city’s People’s Committee [Administration].
“It’s very urgent. We have only five years to implement the pilot project under the National Assembly’s approval and only six months for the project to start the very first items of construction,” Cường said.
“The framework of the project will be reviewed by the Prime Minister for commencing. The city has several months to complete all procedures for calling investors and key infrastructure developers in 2025.”
Lê Thị Kim Phương, director of the city’s Industry and Trade Department, said some key investors had approached the FTZ, but it was waiting for official government approval to make any decision.
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A new urban area is being built near Đà Nẵng City's Hi-Tech Park and industrial zone centre. The area is expected to be an economic driving force for Đà Nẵng with the introduction of the first ever Free Trade Zone. Photo courtesy of Quang Huy |
Photo shows the international terminal of Đà Nẵng International Airport. The city has been boosting infrastructure development of the seaport and airport in order to create smooth traffic for the country's first Free Trade Zone. Photo courtesy of AHT |
