Da Nang City expects the capital demand for the Free Trade Zone to be divided into two phases, of which phase 1 has a total investment of more than VND35,800 billion.
On December 11, speaking with reporters of the Investment Electronic Newspaper - baodautu.vn , the Department of Industry and Trade of Da Nang City said that the City has just submitted a document to the Ministry of Planning and Investment on approving the Project to establish the Da Nang Free Trade Zone.
According to this report, the investment roadmap for construction and development of the Da Nang Free Trade Zone will be divided into two phases.
In particular, phase 1, by 2029, will focus on perfecting the management apparatus and completing the operating regulations of the Da Nang Free Trade Zone in 2025; Building a system of mechanisms and preferential policies to ensure synchronous, public, transparent management and operation and simplifying administrative procedures...
During the phase, a new Lien Chieu Wharf Area and port logistics areas will be built to ensure the reception of ships of 100,000 tons or larger. Complete site clearance for all locations (except for the seaport location), including completion before the end of 2026 for locations 3, 4A, 5, 6, 7 and 9; before the end of 2027 for locations 1, 2, 4B, 8.
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| The city has just submitted a document to the Ministry of Planning and Investment on approving the Project to establish the Da Nang Free Trade Zone. |
In addition, select strategic investors to invest in infrastructure of functional areas at locations 3, 4, 5, 6, 7 and 9 before the end of 2026; complete infrastructure investment and attract secondary investors to functional areas at locations 3, 4A, 5, 6, 7 and 9 before 2028.
In addition, select strategic investors to invest in infrastructure of functional areas at locations 1, 2 and 8 before the end of 2027, and can issue Investment Registration Certificates before the end of 2029; complete infrastructure investment and attract secondary investors to functional areas at locations 1, 2, 4B, 8 after 2029.
Finally, continue to research and evaluate in detail the reclaimed area to determine, clarify the boundaries and orient the functions.
For phase 2, to be implemented after 2029, the orientation is to expand the free trade zone in Tien Sa port area (after converting its function), the urban reconstruction area at the railway station in the city center...
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| Lien Chieu port project is under construction. |
In particular, for capital needs, Da Nang city also plans to divide it into 2 phases.
In which, phase 1 is until the end of 2029, the total estimated investment inside the Free Trade Zone is about 35,887 billion VND.
Including site clearance costs of about VND 20,755 billion (accounting for 58% of total capital) and infrastructure investment costs of about VND 15,132 billion (accounting for 42% of total capital). In which, the strategic investor will be responsible for implementing and investing in infrastructure according to Resolution 136.
Regarding site clearance costs, according to Decree No. 103/2024/ND-CP, investors can advance this expense and it will be deducted from the land rent or included in the project investment capital depending on each case.
Therefore, the capital structure in this period will be taken from private capital, expected to minimize increasing pressure on the state budget.
Phase 2 will be implemented after 2029, mainly focusing on infrastructure development with non-state budget capital, estimated at over VND 4,324 billion.
Regarding the method of capital mobilization for implementation, the State will balance the budget allocation for infrastructure development projects up to the boundary of the Free Trade Zone, responsible for site clearance or deducting land rent in case strategic investors carry out site clearance and infrastructure investment.
Strategic investors will invest in infrastructure within the Free Trade Zone such as road construction, water supply and drainage systems, electricity and other shared infrastructure.
In addition, fully exploit incentives for strategic investors in Resolution 136, and propose preferential policies on tax, land, cost support, and risk sharing to maximize resources from the private sector.
Source: https://baodautu.vn/da-nang-can-bao-nhieu-von-de-xay-khu-thuong-mai-tu-do-d232202.html
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