The People’s Committee of Da Nang city in central Vietnam has approved investment policies and investors for two new infrastructure development projects within the Da Nang Free Trade Zone (FTZ), further advancing the city’s ambition to develop a major regional trade and logistics hub.
Under decisions issued on June 11, Phuong Trang Investment JSC was approved as the investor for the functional-zone infrastructure project at Site No. 3 in Hai Van Ward. The project will cover 500 hectares and require total investment of more than VND8.1 trillion ($310 million).
Meanwhile, Thanh Binh Phu My JSC will develop the FTZ Phu My 3 Industrial Park project at Site No. 4 in Ba Na Commune. The 335-hectare project carries an investment value of VND5.34 trillion.
Both projects will have operating terms of up to 70 years from the date land-use rights are granted or leased by the State.
Earlier, the city approved a third project at Site No. 2, to be developed by Saigon-Da Nang Investment JSC. Covering 75 hectares and requiring investment of more than VND1.56 trillion, the project is designed to provide modern logistics facilities, warehouses, ready-built factories and international trade support services.
Together, the three approved projects span approximately 910 hectares and represent total investment exceeding VND15 trillion, laying a key foundation for the development of the Da Nang Free Trade Zone.
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