On June 11, Vice Chairman of Da Nang City People's Committee, Mr. Tran Chi Cuong, signed 2 decisions approving the investment policy, and at the same time approving investors for 2 investment projects to build and operate functional area infrastructure at position No. 3 and position No. 4 of Da Nang Free Trade Zone (FTZ).
According to the issued decision, Phuong Trang Investment Joint Stock Company is the investor of the project at location No. 3, Hai Van ward. The project has a scale of 500 hectares, with a total investment capital of more than 8,119 billion VND. Of which, the investor's contributed capital is more than 1,769 billion VND, the rest is mobilized from credit institutions. The project has an operating term of no more than 70 years from the date the State allocates land or leases land.
At location No. 4, Ba Na commune, Thanh Binh Phu My Joint Stock Company is approved to invest in the Phu My 3 Da Nang FTZ Industrial Park project. The project has a scale of 335 hectares, total investment capital of 5,338 billion VND, of which equity accounts for 20% of the total investment. The project also has an operating term of no more than 70 years.
According to investment approval decisions, both projects enjoy the policy of full exemption from land rent and water surface rent throughout the lease term for areas that meet the conditions according to regulations. Investors must fully implement commitments on financial capacity, implementation progress, environmental protection, deposit to ensure project implementation and infrastructure connection with the city's smart Free Trade Zone system.
Previously, Da Nang had approved investment in functional area infrastructure project at location No. 2 with a scale of 75 ha, total investment capital of more than 1,568 billion VND. Thus, the first three infrastructure projects at FTZ 2, FTZ 3 and FTZ 4 have a total area of about 910 ha, total investment capital of more than 15,000 billion VND.
The continuous approval of large-scale infrastructure projects is considered an important step, bringing the Da Nang Free Trade Zone from the stage of preparing mechanisms and planning to the practical implementation stage. This is also a platform to attract strategic investors, develop logistics, production, commercial services and create new growth momentum for the city.
