Da Nang Free Trade Zone Attracts Over $600 Million in Investments

Da Nang is set to develop three key functional areas within its Free Trade Zone (FTZ) with a combined investment exceeding 15 trillion Vietnamese dong (approximately $600 million USD). These projects, located in Hai Van ward and Ba Na commune, will cover a total area of approximately 910 hectares.

The largest project, situated in Hai Van ward, is an infrastructure development and business operation for functional area No. 3 of the Da Nang FTZ. With a scale of 500 hectares, it is spearheaded by Phuong Trang Investment Joint Stock Company, with a total investment of over 8.119 trillion dong.

Another significant project is the Phu My 3 Da Nang FTZ Industrial Park at location No. 4, spanning 335 hectares in Ba Na commune. Thanh Binh Phu My Joint Stock Company is the investor, committing 5.338 trillion dong. Both projects are granted operational periods of up to 70 years from the date of land allocation or lease by the State.

Additionally, Da Nang previously approved the investment for functional area No. 2, a 75-hectare project in Hai Van ward. Saigon - Da Nang Investment Joint Stock Company will develop this area with an investment of over 1.568 trillion dong, focusing on modern, integrated infrastructure for logistics, warehousing, and international trade services.

These three initial FTZ projects are expected to receive their investment registration certificates at the 4th Investment Connection event on June 13, 2026. This date coincides with the first anniversary of the Prime Minister's decision to establish the Da Nang Free Trade Zone.