{"id":11822,"date":"2024-12-02T11:41:29","date_gmt":"2024-12-02T11:41:29","guid":{"rendered":"https:\/\/jetvina.com\/?p=11822"},"modified":"2024-12-02T12:39:46","modified_gmt":"2024-12-02T12:39:46","slug":"vietnams-da-nang-to-develop-free-trade-zone-ftz-to-connect-with-strategic-lien-chieu-port","status":"publish","type":"post","link":"https:\/\/jetvina.com\/zh-hans\/vietnams-da-nang-to-develop-free-trade-zone-ftz-to-connect-with-strategic-lien-chieu-port\/","title":{"rendered":"Vietnam\u2019s Da Nang to Develop Free Trade Zone (FTZ) to connect with Strategic Lien Chieu Port"},"content":{"rendered":"

Vietnam’s Da Nang is set to establish a free trade zone (FTZ) aimed at attracting increased foreign investment to the coastal city. This FTZ will serve as a hub for export processing, logistics, commercial activities, and production zones. Notably, it is expected to integrate with the Lien Chieu Port, which is currently under construction and scheduled for completion in November 2025.<\/p>\n

To stimulate investment, the Da Nang FTZ will introduce several trial policies and mechanisms during its initial five years of operation. Foreign investors within the zone will enjoy various incentives, including exemptions from corporate income tax, land rental fees, and import duty tariffs.<\/p>\n

While the specific location and size of the FTZ are still under consideration, the Da Nang City People\u2019s Committee aims to finalize its proposal and submit it to the central government by early 2025.<\/p>\n

 <\/p>\n

Connection to Lien Chieu Port<\/h3>\n

A pivotal aspect of the Da Nang FTZ is its link to the Lien Chieu Port, envisioned as a major maritime gateway for Vietnam. This deep-water port is designed to accommodate 40-50 million tons of cargo by 2050 and alleviate congestion at the overloaded Tien Sa port. Once operational, Lien Chieu Port will be capable of accommodating cargo ships with a deadweight tonnage (DWT) of up to 200,000, as well as container vessels with capacities ranging from 8,000 to 18,000 twenty-foot equivalent units (TEUs), and 30,000 DWT liquid cargo ships by that same year.<\/p>\n

 <\/p>\n

Business Support Opportunities<\/h3>\n
\"Vietnam\u2019s
Vietnam\u2019s Da Nang to Develop Free Trade Zone (FTZ) to connect with Strategic Lien Chieu Port<\/figcaption><\/figure>\n

 <\/p>\n

If you are considering investing in Vietnam, our consultants are available to assist you.<\/p>\n

The development of the port will occur in two phases. The first phase, estimated to cost $140 million and funded by the local government, will involve constructing access roads, breakwaters, and shipping channels. The second phase, which requires approximately $2 billion in foreign investment, will focus on developing the wharf area, including eight container berths, six cargo berths, and associated facilities. The Adani Group has expressed interest in participating in this phase.<\/p>\n

\n
\n
\n

The FTZ will be located near the Da Nang International Airport<\/a><\/span> and next to the Lien Chieu Port, which is currently under construction. The zone will be developed in several phases, with the goal of contributing 1\u20132% to the city’s gross regional product (GRDP) by 2030.\u00a0<\/span><\/p>\n

\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
The FTZ will offer a range of incentives to foreign investors, including:<\/span><\/div>\n<\/div>\n<\/div>\n
\n
\n