The building of free trade zones in the central city of Da Nang should only serve the development of trade, business, services and tourism, with no residential real estate in the zone, Prime Minister Pham Minh Chinh said on September 1.
PM Pham Minh Chinh is inspecting the sea encroachment project in Da Nang city. (Photo: VNA)
Da Nang (VNA) – The building of free trade zones in the central city of Da Nang should only serve the development of trade, business, services and tourism, with no residential real estate in the zone, Prime Minister Pham Minh Chinh said on September 1.
The building of free trade zones in Da Nang is a new policy which is part of the National Assembly's Resolution 136/2024/QH15 on piloting some mechanisms and policies specifically designed for the central city.
Inspecting the sea encroachment project for a 420-hectare free trade area along Nguyen Tat Thanh street, Thanh Khe district, PM Chinh agreed with the sea encroachment plan to save time and costs as compared to building the area on land, while optimising the marine development space.
Da Nang city must learn from experience of international partners, and align them with the conditions in the locality and Vietnam as a whole, he said, requesting the city to continue studying the use of backfilling materials, and clearly identify the functions of the zone.
As for another 90-hectare free trade zone at the Ba Na – Suoi Mo tourism site in Hoa Vang district, PM Chinh ordered Da Nang city to review the planning of the trade and service development site, and study its connectivity with other free trade zones in terms of soft, hard and management links, and the city’s socio-economic development, ensuring that they compliment each other instead of competing.
The same morning, PM Chinh inspected the construction progress at the Lien Chieu port project, the 11-kilometre Hoa Lien – Tuy Loan highway in Hoa Vang district, part of the North-South Expressway, and the interchange connecting the Da Nang – Quang Ngai highway, Hoa Lien – Tuy Loan highway and National Highway 14B in Hoa Vang district.
While lauding the city for the pace of construction, the PM urged competꩵent sides to accelerate the work s𒐪o that the highway could be put into use before August 30 next year, contributing to realising the 13th National Party Congress’s set target of having 3,000 kilometres of highway by 2025 to serve rapid and sustainable socio-economic development, and ensure better livelihoods for the people.
PM Pham Minh Chinh and students of Hope School (Photo: VNA)
Also as part of his working trip to Da Nang city, PM Chinh visited Hope School, a boarding education facility established by FPT Corporation for children who lost parents to COVID-19. He asked the enterprise to pay due attention to the training of comprehensive knowledge, and emerging areas, as well as taking care of the children. He also hoped that the students will try their best, and become good citizens to contribute to the nation’s development./.
The central city of Da Nang is actively fostering connections and inviting investment from Malaysia to collaborate on various initiatives, including its international finance centre, a free trade zone, tourism, digital transformation, and healthcare.
Adani Group, one of the leading firms in India, has proposed an investment of 2 billion USD in Lien Chieu Port in Da Nang to help perfect the logistics ecosystem in the city and the central region of Vietnam.
A delegation of the Ministry of Planning and Investment (MPI) led by Minister Nguyen Chi Dung paid a working visit to China’s Hainan province from March 31 to April 1 to learn how to build and develop an international free trade zone model.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
