The project spans 90 hectares with a total investment of over VND 800 billion and an operational duration of 70 years.
This will be a premium resort complex featuring a duty-free shopping system, a conference and exhibition center, along with modern cultural and entertainment spaces.
Danang kicks off its first free trade zone project. Photo: T.H.
Speaking at the event, Mr. Luong Nguyen Minh Triet, Chairman of Danang People’s Committee, acknowledged that the project launch serves as a catalyst for the Free Trade Zone (FTZ) in Danang. The project holds special significance and plays a strategic role in the city’s socio-economic development.
“The project is expected to reinforce Danang’s role as a crucial gateway for trade in Central Vietnam and the country as a whole,” he added. “It will gradually become a vital link in the global and Asia-Pacific supply chain and regional network.”
According to the investor’s representative, the project’s prime location at the foot of Ba Na Hills, directly linked to the tourist cluster at Position No. 5, will maximize the advantages of being adjacent to one of Danang’s most vibrant tourist hubs. This will create a synergistic effect, enhancing high-end tourism, services, and accommodation, leading to increased spending and longer stays by visitors. Ultimately, it will contribute to realizing the goal of making Danang a pioneer in modern economic institutions and a dynamic testing ground for new mechanisms and policies to attract investment, boost production, and promote international integration.
Project illustration: Investment in constructing and trading infrastructure for functional area No.5, belonging to Danang Free Trade Zone.
Established under Decision No. 1142/QD-TTg dated June 13, 2025, by the Prime Minister, Danang Free Trade Zone is the country’s first free trade zone, spanning approximately 1,881 hectares across seven areas in Hai Van Ward, Ba Na and Hoa Vang communes. Its functions include production, logistics, trade and services, digital technology, information technology, and innovation.
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