Da Nang approves 3.5 trillion VND infrastructure project for free trade zone

The Da Nang People's Committee has approved the investment policy for a new infrastructure project within the Da Nang Free Trade Zone. Located at position number 7 in Hoa Vang district, the project covers approximately 276 hectares and requires a total investment of 3,525 billion VND.

The development is designed to serve production, logistics, digital technology, and information technology sectors. The funding structure consists of 705 billion VND in investor equity (20%) and an expected 2,820 billion VND in mobilized capital (80%).

The project timeline includes investment procedures from late 2026 to late 2027, with land clearance expected to conclude by the third quarter of 2029. Infrastructure construction is slated to run from late 2027 through early 2032. Marketing and investment attraction activities are scheduled to begin in the fourth quarter of 2028, ahead of full infrastructure completion. The project will operate for a term of 70 years.