Da Nang pledges best conditions for investors in Free Trade Zone development
In recent years, Da Nang has streamlined administrative procedures, launched a transparent digital platform for investors, upgraded transport, logistics, seaport, and airport infrastructure, and developed a startup and innovation ecosystem. Preferential policies and flexible cooperation mechanisms have also helped attract both domestic and foreign investors.
Deputy Director of Viettel Da Nang Le Thi Hue speaks at the conference. (Photo: VNA)
Da Nang (VNA)✤ – The central city of Da Nang is committed to creating the most favourable conditions for projects to be implemented quickly, effectively, and sustainably, Vice Chairman of the municipal People’s Committee Tran Chi Cuong has said.
He made the statement at a conference on investment promotion for the Da Nang Free Trade Zone (FTZ) on August 18, attended by more than 200 delegates, including city leaders, representatives of business associations, and domestic and foreign investors.
Cuong stressed that with its strategic location, concerted infrastructure, dynamic young workforce, and open policies, Da Nang is confident in becoming a leading destination for high-quality investment, while pioneering in smart city development, digital economy growth, and green transition. Developing the FTZ, he said, is a strategic step to generate new momentum for the city’s long-term growth.
In recent years, Da Nang has streamlined administrative procedures, launched a transparent digital platform for investors, upgraded transport, logistics, seaport, and airport infrastructure, and developed a startup and innovation ecosystem. Preferential policies and flexible cooperation mechanisms have also helped attract both domestic and foreign investors, he added.
A corner of Da Nang city (Photo: VNA)
At the event, Vu Quang Hung, Head of the Da Nang Specific Economic Zones Authority (DSEZA), introduced the FTZ’s core functions, which include international logistics, manufacturing, commerce, services, finance, tourism, high-quality healthcare, and innovation. Delegates also learned about preferential policies on investment, tax, customs, and land use, along with incentives for experts and scientists.
Hung noted that DSEZA has applied Building Information Modeling (BIM) to integrate geographic and digital infrastructure data, supporting planning and site clearance while optimising costs, reducing risks, and ensuring effective management across the FTZ’s seven functional areas.
During discussions, city leaders and investors exchanged views on policy mechanisms, challenges, and planning solutions, including proposals for a smart FTZ model to improve investment management and oversight.
Nguyen Canh Hong, Chairman of the Sao Do Business Club, described Da Nang as the “heart” of central Vietnam – a hub of commerce, services, and industry with modern infrastructure and a strong innovation ecosystem. He said the FTZ will be a key foundation to attract investment and drive future growth, while investors expect further reforms, digital transformation, and an improved business climate.
Le Thi Hue, Deputy Director of Viettel Da Nang, proposed managing the FTZ through an intelligent digital operations centre integrating subsystems, automated task assignment, big data analysis, and decision-making support. She recommended continued investment in digital infrastructure, piloting sandbox model for new technologies, and expanding digital transformation in services and operations.
Established under the Prime Minister’s Decision No. 1142/QĐ-TTg, the Da Nang Free Trade Zone covers 1,881ha across seven sites. Each functional area has its own mission but shares the goal of deepening integration, applying preferential investment and trade policies, and forming a new growth pole for the central and Central Highlands region./.
Da Nang aims for its digital economy, by 2030, to make up at least 35–40% of the total GRDP and attract a minimum of 5,000 high-quality semiconductor professionals.
Under the theme “New Da Nang – New Experience,” the programme focuses on diversifying tourism products, enhancing visitor experiences, and applying digital transformation across the service chain, featuring five special programmes and two notable digital solutions.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam plays an important role in Asia’s shipbuilding sector and expressed Moscow’s wish to strengthen cooperation with Hanoi in shipbuilding, maritime trade, and logistics.
Canada is a promising market for Vietnamese coffee, with exports skyrocketing 300% from 10 million USD to nearly 40 million USD since both countries joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
While the high-speed and low-latency nature of 5G offers a "bloodline" for data transmission in production systems, IoT provides the "nervous system" to connect devices, machinery, and sensors.
Ambassador Bui Van Nghi expressed Vietnam’s wish to launch negotiations on an FTA during Brazil’s term as Mercosur Chair, saying such a step would serve the practical interests of both sides while diversifying markets.
A working delegation from the Ministry of Construction led by Deputy Minister Nguyen Tuong Van recently held separate bilateral talks with Chinese and Malaysian sides to bolster collaboration in construction and urban development to a deep and substantive fashion.
European investments are gravitating towards emerging sectors such as clean energy, high technology and logistics, with the aim of positioning Vietnam as a regional transhipment hub.
The new tax regime of India is a landmark reform that promises to generate profound changes in India’s business landscape and will directly affect Vietnamese investors, producers, and exporters in this market.
Two-way trade between Vietnam and Cambodia reached 10.1 billion USD last year, while the figure in the first eight months of the year was 7.98 billion USD, up 16.3% year-on-year.
All businesses are eligible to participate in the programme without undergoing any selection or review process. Enterprises can independently launch promotional campaigns with diverse and appealing content for customers and are allowed to apply maximum discounts of up to 100%.
Singapore’s United Overseas Bank (UOB) has boosted its 2025 GDP growth forecast for Vietnam to 7.5% from 6.9%, pointing to the economy’s resilience and dynamism despite tariff risks and uncertainties.
Spanning 8.4ha of gross floor area and rising to 30m, the package requires advanced steel–concrete solutions, synchronised execution and accelerated progress within 330 days.
Through this partnership, VinFast Philippines, a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, will leverage on BDO's comprehensive suite of financial solutions including cash management, consumer banking, leasing, and insurance services and create tailored financing programmes for both retail and corporate customers.
Under the new system, passengers without checked luggage simply check in via VNeID or a kiosk, undergo facial recognition at security, and board by scanning their face. Those with baggage drop it at a counter before entering the same automated flow.
Vietnam values its international partnerships, including with the UK, Finance Minister Nguyen Van Thang noted, urging UK companies, funds and financial institutions, and those from Europe and worldwide, to continue expanding investment, transferring know-how, sharing management experience and advancing green finance and technology to realise Vietnam’s sustainable development vision.
Vietnamese Minister of Finance Nguyen Van Thang expressed gratitude for the UK’s active role in supporting Vietnam’s efforts to draft a National Assembly resolution on creating an international financial centre. The City of London, he noted, provided pivotal insights and recommendations to shape the groundwork and development roadmap for this hub.
Vietnam is ready to deepen economic cooperation with the Association of Southeast Asian Nations (ASEAN), China and other partners, embracing a strategy of “harmonised interests and shared risks” as it leverages its fast-growing economy and market of over 100 million people.
Tay Ninh, Nghe An and Quang Tri provinces have strategic locations and significant cooperation potential, said Nguyen Thi Thai Binh, Minister-Counsellor at the Vietnamese Embassy, expressing confidence that with creativity and determination, these provinces and their Korean partners will find ample opportunities for productive collaboration.
Jointly organised by the Vinexad National Trade Fair and Advertising JSC and Yorkers Exhibition Service Vietnam, the event features 1,200 booths of more than 650 exhibitors from 20 countries and territories, including Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Singapore, Switzerland, Thailand, and the US.
