Da Nang is about to have the first "duo" of port and free trade zone in Vietnam.
Báo Dân trí•05/11/2024
(Dan Tri) - Da Nang is urgently launching two key projects: the free trade zone (FTZ) and Lien Chieu seaport, creating a complete logistics and trade ecosystem to promote economic development in the Central region.
In particular, Lien Chieu port with a total investment of over 3,400 billion VND for part A - the shared use part is being urged and accelerated to be expected to come into operation in 2025. Part B is the investment project to build Lien Chieu port, calling for investment for 8 container terminals (total anchorage length of 2,750m for ships from 50,000 - 200,000 DWT), 6 general cargo terminals (total anchorage length of 1,550m for ships from 50,000 - 100,000 DWT), terminals for river-sea ships, and port rear. According to preliminary calculations by the People's Committee of Da Nang City, the investment cost is about 48,304 billion VND. When put into operation, Lien Chieu Port will be the largest central port in the entire Central region and one of the three largest ports in Vietnam (Photo: Anh Vu). For the free trade zone, Da Nang City plans to build it in 10 locations, with a total area of over 1,700 hectares, including functional areas such as the production area, logistics area and trade - service area. Specifically, the production area is north of Cu De River (400 hectares); Da Nang high-tech park and expansion (559 hectares). The trade - service area includes the foot of Ba Na mountain (90 hectares); both sides of Ba Na - Suoi Mo road (154 hectares and 53 hectares). The logistics area includes the planning of Hoa Nhon industrial park (200 hectares); the area southwest of Da Nang airport (80 hectares); behind Lien Chieu seaport (100 hectares) and Nam Hai Van bypass (100 hectares). For the 10th location, the city will also consider adding a location for the free trade zone reclaimed from the sea along Nguyen Tat Thanh beach, with an area of 420 hectares. The synergy between FTZ and Lien Chieu Port FTZ is a designated area in a country where goods are imported, stored, processed, manufactured, adjusted and re-exported without being subject to import and export duties and other customs regulations. Expected to operate from 2025, FTZ and Lien Chieu Port create a symbiosis between free trade and logistics. FTZ allows businesses to minimize costs through preferential policies such as import and export tax exemption and easy access to international markets. Businesses will benefit from high-quality logistics services, convenient transportation of goods and easy connection with other businesses in the FTZ as well as the entire surrounding area. The synergy between the port and FTZ also helps Da Nang build a sustainable trade and logistics ecosystem. FTZ is not only a destination for logistics and trade businesses but also a springboard for supporting industries and export manufacturing. Thereby, Da Nang can improve its competitiveness and attract investors from many fields, creating momentum for local and national economic development. FTZ and Lien Chieu port also create the foundation for Da Nang's transformation into a high-tech industrial center on the global map. Thanks to the developed transport and free trade infrastructure system, the city can promote the attraction of high-tech enterprises, research and development, and strengthen international cooperation. This goal not only helps Da Nang stand out in the region but also becomes an economic bridge between Southeast Asian countries. The attraction of real estate in the Northwest According to Dr. Tran Nguyen Minh Hai - real estate expert, lecturer at Ho Chi Minh City Banking University, the duo of super ports and FTZ will promote logistics activities, increase the added value of tourism, trade... of Vietnam in general and Da Nang City in particular; creating a chain of high-end service products (tourism, retail, entertainment, etc.), contributing to attracting tourists to Da Nang as well as the Central Highlands region... In addition, these two projects indirectly bring benefits: forming headquarters of large corporations, innovating science and technology, developing maritime economy, attracting talents... bringing great impacts on the economy - society. The Northwest region is currently an attractive location for real estate investors. Northwest Da Nang real estate has recorded a series of quality projects, solving the housing needs of the intellectual workforce and talented people from the duo of super ports and Da Nang FTZ (Photo: Anh Vu). With improved infrastructure and strong economic development opportunities, real estate in the Northwest is considered the focus of the Da Nang market in the coming time. The area around Lien Chieu port attracts great attention from investors who want to exploit the potential of the trade and logistics ecosystem. The establishment of the Lien Chieu port and FTZ duo will not only help Da Nang become a leading trade and logistics center but also create an important stepping stone for sustainable development. Da Nang is making constant efforts to turn this vision into reality, promising to bring many economic development opportunities and an important position in the ASEAN region.
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