Attract strategic investors
At the ceremony announcing the Prime Minister’s decision on the establishment of the Da Nang Free Trade Zone, 8 strategic investors were granted a memorandum of understanding by Da Nang City on investment in this project. This list includes Sun Group, Terne Holdings and One Destination, BRG Group, Thanh Binh Phu My Joint Stock Company, and Lien Thai Binh Duong Import Export Company Limited.
Not only that, Da Nang also issued a notice allowing investment research for the project to 4 investors: Amata Vietnam Public Joint Stock Company, Green Ipark Joint Stock Company, Quoc Quang Electric Company Limited, and European Plastic Joint Stock Company. The fact that the "eagles" quickly "booked" a place in Vietnam's first free trade zone in the early stages shows the great attraction that this new economic model brings to Da Nang.
According to Mr. Dang Minh Truong, Chairman of the Board of Directors of Sun Group , the free trade zone is an economic model that demonstrates a strategic vision, not only helping Da Nang develop, but also opening up great opportunities for domestic and foreign investors. "Together with the international financial center, the free trade zone will contribute about 12-13% of GRDP by 2030, 16-17% in the 2030-2040 period and up to 25-26% by 2050," Mr. Truong commented.
Sun Group is interested in investing at positions 5, 6 and 7 in the Da Nang Free Trade Zone, with an area of about 645 hectares. Accordingly, at positions 5 and 6, the Group will develop a high-quality commercial service and resort complex, with unique resort complexes, focusing on eco-tourism, health care and high-end resorts. At position 7, it will focus on investing in developing into a digital economic zone, information technology and innovation combined with trade, services...
Sharing the same view, Mr. Le Ngoc Lam, General Director of BIDV Bank, said that the first free trade zone in Vietnam is a great achievement of the Government in creating a new development momentum in the national economic strategy, with economic development vision and aspiration to make Vietnam an important link in the global supply chain network. Through providing flexible financial products and preferential interest rates, BIDV is committed to accompanying enterprises in manufacturing, logistics, trade and services, technology, information technology and innovation - the key components that will be present in the Da Nang Free Trade Zone, contributing to effectively attracting strategic investors, Mr. Le Ngoc Lam shared.
Open space for development
The Da Nang Free Trade Zone is a breakthrough, a new institutional model that creates an international development space not only for the new Da Nang, but also for the whole country. Therefore, the rapid and successful implementation of the country's first free trade zone is of great significance.
The Da Nang Free Trade Zone has functional areas such as production, logistics, trade - services, digital technology industry, innovation and other types of functional areas according to the provisions of law. When attached to the International Financial Center, the Free Trade Zone will turn Da Nang into a high-quality service center, creating a driving force to spread to the Central Highlands region and the whole country, becoming an important link connecting the East - West Economic Corridor, the Asia - Pacific region and the world.
Deputy Prime Minister Nguyen Hoa Binh affirmed that the Central Government has paid special attention to Da Nang, with special and outstanding resolutions and mechanisms. After merging with Quang Nam, the new Da Nang will possess many other potentials and areas such as Chu Lai, Tam Ky, and coastal areas. Special mechanisms and policies combined with the new potentials will help Da Nang's economy become larger and connect with the world's economic centers.
"Da Nang City must turn the Prime Minister's decision on the Free Trade Zone into reality, which is truly the gateway to making Da Nang a part of the world economy," Deputy Prime Minister Nguyen Hoa Binh emphasized.
According to the Secretary of the Da Nang City Party Committee, Mr. Nguyen Van Quang, after the Prime Minister decided to establish the Free Trade Zone, Da Nang immediately implemented procedures according to regulations on planning, land, and connecting infrastructure to promptly meet the requirements of investors, and select strategic investors to invest in the infrastructure of the Da Nang Free Trade Zone in accordance with the orientation associated with Lien Chieu seaport and the International Financial Center.
Da Nang will also study, adjust, and expand new spaces for the Da Nang Free Trade Zone in a harmonious and reasonable direction, creating growth momentum for areas of the new Da Nang after merging with Quang Nam.
Source: https://baodautu.vn/khu-thuong-mai-tu-do-da-nang-mo-ra-giai-doan-phat-trien-moi-d321052.html
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