The central city, in partnership with Sun Group, has launched construction of the fifth functional site of the 1,881-hectare Da Nang Free Trade Zone (FTZ), marking a significant step towards establishing a pioneering model of Vietnam’s economic power.

Southern Ba Ria-Vung Tau province and global logistics leader DP World signed a memorandum of understanding (MoU) on February 18 to conduct discussion for cooperation in establishing Vietnam’s first free trade zone (FTZ) in the vicinity of Cai Mep Ha seaport.