Vietnam’s Prime Minister, Pham Minh Chinh, has officially approved the creation of the Da Nang Free Trade Zone (FTZ), The Investor has reported→view source.

The FTZ is set to cover 1,881 hectares across seven non-contiguous sites.

Key details:

Location: Spans seven sites in Da Nang’s Lien Chieu and Hoa Vang districts
Functional areas: Manufacturing and logistics; trade and services; digital tech, IT, and innovation
Connectivity: Linked to Lien Chieu Port, Da Nang International Airport, and the East–West Economic Corridor
Strategic aim: To become a regional hub for high-tech industry, supply chain logistics, and international goods transshipment
Future vision: Will align with the planned Da Nang International Financial Center and promote digital transformation, AI, semiconductors, and cloud computing

Of note, while the zone has been legally established, no specific incentives or special mechanisms have been implemented yet (tax breaks, customs exemptions, or regulatory shortcuts) that set it apart from existing economic zones, high-tech parks, or export processing zones in Vietnam.

With this in mind, how important this announcement really is will depend on what special mechanisms and incentives are developed moving forward.

Your support keeps this site independent and objective.
If you find value in this work, please consider making a contribution.

$2/mo $5/mo $10/mo One-time

Need more convincing?

Our content is free because we believe a rising tide lifts all boats.

By making accurate, independent information accessible to everyone, we help create a more informed, resilient, and empowered business community.

When businesses, investors, policymakers, and everyday readers all have access to clear, unbiased analysis, it leads to better decisions, fairer opportunities, and stronger economic outcomes for all.

That said, while our content is free to read, it costs money to create.

Behind every article is careful research, fact-checking, and expert analysis — all of which require time, skill, and resources.

If you can spare a couple of dollars, your support helps ensure that reliable, unbiased information remains accessible to all.