This FTZ infrastructure project, covering 90 hectares at the foot of Ba Na Hills and backed by an investment of VND800 billion (US$32 million), is set to become a hub for eco-tourism, high-quality healthcare services, luxury resorts, prime entertainment, duty-free trade, and international-standard shopping.

Chairman of the city’s People’s Committee Luong Nguyen Minh Triet said that completing this first phase would accelerate progress across the entire FTZ.

He added that the FTZ’s introduction would position Da Nang as a crucial player in global and Asia-Pacific supply chains.

Nguyen Van Binh, chairman of Sun Group’s central region division, emphasised that developing this initial infrastructure would attract investors across multiple sectors, helping to establish Da Nang as an international tourism, trade, and service destination, as well as laying a key foundation for the FTZ’s future growth.

Binh said Sun Group, on the occasion of starting the first project in the FTZ, also kicked off construction of its own Ba Na-Suoi Mo eco-tourism and urban zone on Ba Na top-mountain, a new cable-car route number nine, and a complex including a high-end resort, entertainment centre and theatre with an investment of VND52 trillion (US$2 billion).

Last week, Sun Group began construction on Danang Downtown, a premium entertainment and culture park destined to become a new landmark for the coastal city, covering 77 hectares with an investment of nearly VND80 trillion (US$3.2 billion).

The Da Nang FTZ, designed with specialised functional zones including production, logistics, trade and services, digital technology, information technology and innovation hubs, is expected to contribute 17.9% to Da Nang City’s gross regional domestic product (GRDP) and create 127,000 jobs by 2040.

It will require a total investment of VND40 trillion (US$1.6 billion), the city reported.

The city also plans to build the first International Finance Centre as part of its strategic Master Plan for 2030-2050.

To boost the development of database projects, IPTP Networks Company also began construction on the AIDC Decenter, a data centre project, in the city’s Hi-Tech Park with an investment of US$20 million for the first phase on August 28.

It is the first AI-ready data centre in Da Nang, serving the city’s Master Plan to become a global centre for semiconductor and AI manufacturing, hi-tech industries, blockchain, and cloud computing.

The city also commenced construction of a social housing project, Ecohome Hoa Hiep, on 4.2 hectares with an investment of VND2.1 trillion (US$84 million).

The project, invested in by Capital House Group, will supply more than 1,800 apartments by the third quarter of 2029.

Many Belgian businesses keen to cooperate with Da Nang, says Ambassador

VOV.VN - During his working visit to Da Nang on August 25, Ambassador Karl Van den Bossche said that many Belgian businesses are interested in cooperating with the city, particularly in the fields of shipbuilding, high technology, and logistics.