Sun Group starts project to "activate" Da Nang Free Trade Zone

Mr. Luong Nguyen Minh Triet, Chairman of the People's Committee of Da Nang City, said that the Project to invest in construction and business of infrastructure of functional area No. 5 has the meaning of "activating" the Free Trade Zone of Da Nang City.

Delegates perform the ceremony of pressing the button to start projects invested by Sun Group. Photo: Linh Dan

On the afternoon of August 27, at Ba Na commune, Sun Group Corporation coordinated with the People's Committee of Da Nang City to organize the Kick-off and Groundbreaking Ceremony of the following projects: Investment in construction and business of infrastructure of functional area No. 5, in the Da Nang Free Trade Zone; Ba Na Cable Car Line No. 9 Project; Project of high-class resort hotel complex, entertainment area, multi-purpose performance house (in the Ba Na - Suoi Mo Eco-tourism and Urban Area complex).

The meaningful event is part of activities to celebrate the 80th anniversary of National Day and the 23rd Congress of the Da Nang City Party Committee.

Attending the event were Mr. Nguyen Thanh Nghi - Head of the Central Policy and Strategy Committee; Mr. Nguyen Van Quang, Secretary of the Da Nang City Party Committee; Mr. Luong Nguyen Minh Triet, Chairman of the Da Nang City People's Committee and other central and local leaders...

Mr. Nguyen Van Binh, Chairman of Sun Group in the Central region, shared that Da Nang has been expanding its development space with the vision of bringing Quang Da land to the sea, seizing the historical opportunity after the merger, moving towards building a leading economic, cultural and innovation center in the region, carrying national strength in the new era, as General Secretary To Lam once said.

“In line with the common aspirations of the government and people of Da Nang, Sun Group is honored to become the pioneer enterprise to launch the first phase of the Da Nang Free Trade Zone. The project will create the infrastructure foundation to attract investors to participate in multi-sector development to form an international-class tourism center. From there, it will lay the foundation for the formation of the first large-scale free trade zone in Vietnam. With that historic mission, today's launch event has a very special meaning on the journey to realize the goal of turning Da Nang into a pioneering center for dynamic economic institutions, a place to test new mechanisms and policies to integrate the country,” said Mr. Binh.

Photo of the Project on Investment in Construction and Business of Infrastructure of Functional Area No. 5, in the Free Trade Zone of Da Nang City. Photo: Organizing Committee

According to Mr. Binh, along with the launch of the Da Nang Free Trade Zone, today, Sun Group Corporation also officially started construction of 2 important items in the Ba Na - Suoi Mo Eco-tourism and Urban Area complex with a scale of 52,000 billion VND. That is cable car line No. 9 and the complex of high-class resort hotels, entertainment areas, and art performance houses.

These two key projects are considered important pieces, contributing to the completion of the rich tourism, entertainment and resort ecosystem that Sun Group has been creating in Da Nang. This is also considered a strategic project to realize the goal of developing the night-time economy set by the city.

When completed, the projects will not only create unique tourism products for Da Nang in the new era, but also contribute to making the Han River city a vibrant entertainment center day and night, worthy of its position as a tourism capital of the Central region, so that when tourists mention Da Nang in particular and Vietnam in general, they will remember the symbol of Sun World Ba Na Hills.

“We are committed to mobilizing all resources, complying with regulations on construction, labor safety and environmental protection, and completing the project on schedule,” said Mr. Binh.

Mr. Luong Nguyen Minh Triet, Chairman of the People's Committee of Da Nang City, said that the Project to invest in construction and business of infrastructure of functional area No. 5 has the meaning of "activating" the Free Trade Zone of Da Nang City. Photo: Organizing Committee

Speaking at the event, Mr. Luong Nguyen Minh Triet, Chairman of the People's Committee of Da Nang City, said that Da Nang is in a new stage of development with new opportunities. The city has been voted by the UK's Time Out Magazine as one of the 8 most worth-visiting destinations in Asia in 2025. Da Nang is also in the top 10 Asian cities with the highest rate of returning visitors as voted by Agoda. These titles are worthy recognition for the tireless efforts of the entire political system, business community and people of the city.

After the merger, Da Nang city has expanded its geographical space 10 times, opening up many development opportunities with new potentials. This is not only an expansion of geographical space, but also a connection of cultural, tourism and economic values ​​of the two lands "Quang Da".

Da Nang currently possesses many outstanding advantages in terms of tourism resources and a modern infrastructure system, including an international airport, seaport, road traffic network, and increasingly complete service facilities.

Da Nang is facing a golden opportunity to become a strategic growth pole of the country, a leading tourist city in Asia, but also facing significant challenges to achieve its goals, requiring the city to take strategic, bold and decisive steps.

Among the 3 projects that were started today, the Project on Investment, Construction and Business of Infrastructure of Functional Area No. 5 has the meaning of "activating" the Da Nang Free Trade Zone established under Decision No. 1142/QD-TTg of the Prime Minister. This is a project of special importance, with strategic significance for the city's socio-economic development.

The project is expected to strengthen Da Nang's role as an important trade gateway for the Central region and the whole country, and gradually become an important link in the global supply chain network and the Asia-Pacific region.

Along with that, two projects belonging to the Ba Na - Suoi Mo Eco-tourism and Urban Area complex, including: Cable car line No. 9 and the cluster of Tower Blocks 1 and 2 of the multi-purpose entertainment and performance houses will be the projects that contribute to completing the classy and multi-experience ecosystem in Ba Na, meeting the increasing needs of tourists, especially when Da Nang aims to welcome tens of millions of visitors each year.

The groundbreaking projects are meaningful in celebrating the 80th anniversary of National Day September 2 and the 23rd Congress of the Da Nang City Party Committee. Photo: Linh Dan

According to Mr. Triet, with the meaning of celebrating the 80th anniversary of National Day September 2 and the 23rd Congress of the Da Nang City Party Committee, term 2025-2030, the projects started today demonstrate the determination of the city and investors in realizing the construction of Da Nang into a large, ecological, smart, unique, sustainable, international city.

“On behalf of the city’s leaders, I would like to thank the Sun Group Corporation for its support - a strategic investor, always pioneering with the city to create iconic projects. The city is committed to always accompanying and supporting closely, so that investors can have the best conditions, create new tourism symbols, and strong “leverages” to make Da Nang the leading growth pole in the country,” said Mr. Triet.

Mr. Triet also requested Sun Group to quickly carry out the necessary procedures to soon put the project into construction, ensuring the set progress and quality. Along with that, the city's departments, branches and sectors also urgently take action to support investors and especially the people in the project area, ensuring a quick stabilization of life.

Source: https://baodautu.vn/sun-group-khoi-cong-du-an-kich-hoat-khu-thuong-mai-tu-do-da-nang-d372653.html