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Free Trade Zone

Việt NamViệt Nam14/11/2024


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Forum scene. Photo: HS

The forum is an opportunity for Da Nang City to acknowledge and receive proposals and solutions from ministries, branches; domestic and foreign experts, investors and leading enterprises in the logistics sector.

The forum also creates opportunities for exchange, connection and cooperation between businesses, investors, organizations and state management agencies. Delegates will discuss new trends and important challenges that businesses will face in the coming time, thereby gaining useful knowledge, new relationships and breakthrough ideas for mutual development.

Resolution No. 43 of the Politburo on the construction and development of Da Nang city to 2030, with a vision to 2045, has set the goal of Da Nang city becoming one of the major socio-economic centers of the country and Southeast Asia, a center of marine economy, forming a logistics service supply chain in the Central region with Da Nang as the center.

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The forum attracted many international delegates. Photo: HS

Most recently, the National Assembly issued Resolution No. 136 dated June 26, 2024 on the organization of urban government and piloting a number of specific mechanisms and policies for the development of Da Nang City. In particular, the establishment of a Da Nang free trade zone is proposed to be developed according to the integrated urban business model, including many functional areas (production areas, logistics centers, trade - service areas and other types of functional areas according to the provisions of law) to maximize the development advantages of Da Nang.

In particular, this special policy applied to Da Nang is also linked to the future development roadmap of Lien Chieu seaport and Da Nang international airport, creating favorable conditions for the city to become a regional and international freight transit center, contributing to strongly attracting domestic investment capital flows and FDI into the city and the dynamic region of the Central region.

According to the Ministry of Industry and Trade, in 2023, Vietnam's logistics performance index (LPI) will reach 3.3 points, ranking 43rd out of 154 countries and territories, ranking 5th among ASEAN countries, with an average annual service revenue growth rate of 14 - 16%/year, making an important contribution to promoting the growth of Vietnam's import and export turnover.

Speaking at the forum, Mr. Tran Chi Cuong - Vice Chairman of Da Nang City People's Committee said that with the strong direction from leaders at all levels, the city's departments, branches and sectors are urgently coordinating to complete the submission to the Prime Minister by the end of 2024 to officially establish the Da Nang Free Trade Zone to effectively utilize the pilot period of the policy.

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Vice Chairman of Da Nang City People's Committee Tran Chi Cuong speaks at the forum. Photo: HS

In the coming period, logistics services will continue to be identified by Da Nang as an important industry, having a great impact on socio-economic growth. The city is drastically accelerating the investment process of key projects such as Lien Chieu wharf area, logistics center at Da Nang International Airport as well as logistics centers and dry ports.

Da Nang is also making efforts to research, develop and effectively apply policies and regulations on logistics service development; effectively implement administrative procedure control, review and eliminate unnecessary administrative procedures to create conditions for logistics service development.



Source: https://baoquangnam.vn/khu-thuong-mai-tu-do-dong-luc-moi-phat-trien-logistics-da-nang-3144218.html

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