Textile

Vietnamese PM calls for setting up FTZs in key economic regions

29 Apr '25
1 min read
Vietnamese PM calls for setting up FTZs in key economic regions
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Insights

Vietnamese Prime Minister Pham Minh Chinh recently called for setting up of free trade zones (FTZs) in key economic regions and exploring duty-free ports as part of an effort to stimulate growth, boost global competitiveness, attract investment and turn the country into a leading logistics hub in the digital era.

Part of Directive 47, the initiative outlines urgent tasks and strategic measures aimed at accelerating growth this year, according to domestic media reports.

Vo Tan Duc, chairman of the People’s Committee of Dong Nai province, has proposed a 2,000-hectare pilot free trade zone near Long Thanh International Airport and Phuoc An Port during a recent session with construction minister Tran Hong Minh.

In parallel, the central coastal city of Da Nang is furthering its development ambitions through a new memorandum of understanding with Vingroup. Focused on green transformation and sustainable development between 2025 and 2030, the agreement includes probable setting up of a free trade zone and a financial centre.

Fibre2Fashion News Desk (DS)
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