Da Nang’s authorities are building a detailed plan for the city's first international duty-free zone and smart urban area for investors, with construction set to commence soon as the Import-Export Pan Pacific Group (IPPG) has asked the city to allocate land for the project.
A new urban area in Lien Chieu district of Da Nang. (Photo: VNA)
DaNang (VNS/VNA) - Da Nang’s authorities are building a detailedplan for the city's first international duty-free zone and smart urban area forinvestors, with construction set to commence soon as the Import-Export PanPacific Group (IPPG) has asked the city to allocate land for the project.
Directorof the city’s Investment Promotion Agency Huynh Thi Lien Phuong told Vietnam News that the projecthad been finalising the city's first international standard downtownduty-free zone and factory outlet centre.
Liensaid the city would offer the best conditions for the investor tostart the project.
Shesaid the city also planned a downtown free-duty shop at the coastal crown plazain Ngu Hanh Son District to seek investment.
In2019, IPPG proposed the project with an investment of 434 million USD, but anappropriate land area was yet to be offered.
In2018, chairman of the group, Jonathan Hanh Nguyen, urged the city to build athird terminal to ease congestion and design an international standardduty-free zone and recreational area to funnel tourism towards Hoi An, Hueand Da Nang.
Hesaid Da Nang would be a new location for a luxury shopping centre for futuredevelopment and investment attraction.
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Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
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A new urban area in Lien Chieu district of Da Nang. (Photo: VNA) 
