Business

1,000-ha free trade area set to take shape in Hai Phong

Set to cover more than 1,000 ha of about 20,000 ha earmarked for the southern coastal economic zone, the free trade area is designed to follow successful models worldwide, aiming to create a favourable investment climate for multinational conglomerates.

The Trang Due industrial park in Hai Phong (Illustrative photo - Source: baodautu.vn)
The Trang Due industrial park in Hai Phong (Illustrative photo - Source: baodautu.vn)

Hanoi (VNA) – The northern port city of Hai Phong is finalising procedures to establish a next-generation free trade area this year as the core of its freshly-approved southern coastal economic zone.

Set to cover more than 1,000 ha of about 20,000 ha earmarked for the southern coastal economic zone, the area is designed to follow successful models worldwide, aiming to create a favourable investment climate for multinational conglomerates.

With its establishment given the green light in early 2025, the zone is also expected to reserve 3,000 ha for a sea port, 4,000 ha for industrial operations, and 1,800 ha for urban facilities.

The construction of the zone will cost some 8 billion USD by 2030, and the zone itself is set to attract 40 billion USD worth of investments, post over 70 billion USD in import-export value, generate 400,000 jobs, and provide accommodations for 500,000 people by 2040.

As the northern gateway to the sea, Hai Phong is located in the region’s key growth hub of Hanoi – Hai Phong – Quang Ninh and the Kunming (China) – Lao Cai – Hanoi – Hai Phong – Quang Ninh economic corridor. Therefore, the development of the coastal economic zone will help facilitate regional connectivity and enhance national competitiveness, while leveraging the local strategic location and transport infrastructure.

In a related move, the city is accelerating the formation of its Xuan Cau industrial and non-tariff zone, which has been built in the Lach Huyen international sea port area since May 2023. With a total investment of 11.1 trillion VND (434 million USD), the 752-ha zone serves industrial production and logistics-warehouse operations./.

VNA
#Hai Phong next-generation free trade area #Hai Phong southern coastal economic zone Hai Phong
Follow VietnamPlus

Related News

At the ground-breaking ceremony for the Jeil Logistics 1 project in Nam Dinh Vu Industrial Park in Hai Phong. (Photo: baophapluat.vn)

Korean logistics project gets underway in Hai Phong

Chief Financial Officer of Jeil Group Kim Eun-sook said the Jeil Logistics 1 project will provide a logistics warehouse, as well as a core infrastructure in the supply chain and distribution sector in Vietnam.

A resolution on the investment policy of the Lao Cai – Hanoi – Hai Phong railway project is approved at the the 15th NA's 9th extraordinary session in Hanoi on February 19. (Photo: VNA)

NA greenlights investment policy of Lao Cai – Hanoi – Hai Phong rail project

According to the resolution, the construction of a modern and harmonious railway aims to meet the transport demand between Vietnam and China. The initiative is expected to serve as a catalyst for rapid and sustainable economic development along the Lao Cai-Hanoi-Hai Phong economic corridor while strengthening national defence and security and promoting the industrialisation and modernisation, contributing to delivering on the targets and missions set at the documents of the 13th National Party Congress and the Party’s resolutions.

See more

An overview of a meeting between Politburo member and Secretary of the Hanoi Party Committee Tran Duc Thang and representatives of Saint Petersburg businesses. (Photo: VNA)

Saint Petersburg’s metro expertise valuable for Vietnam

As Hanoi implements its master plan with a 100-year vision, in which metro lines are identified as the backbone of the capital city’s transport network, Secretary of the municipal Party Committee Tran Duc Thang met with representatives from several Saint Petersburg companies specialising in urban rail development.

An art performance at 2026 Dak Lak Durian Festival. (Photo: VNA)

Dak Lak Durian Festival seeks to elevate Vietnam’s agricultural brand globally

Dak Lak has about 41,000ha of durian, with this year’s output estimated at nearly 500,000 tonnes. The province has 280 growing-area codes covering around 7,500ha, along with 41 packing facilities approved for export. In 2025, Dak Lak’s durian sector contributed about 1.1 billion USD to the country’s export turnover.

Delegates cut the ribbon to inaugurate the Ho Chi Minh City-Shenzhen direct air route. Photo: baodautu.vn

Vietravel Airlines launches direct Ho Chi Minh City-Shenzhen route

Vietravel Airlines' new route connects Tan Son Nhat International Airport (SGN) in Ho Chi Minh City with Shenzhen Bao'an International Airport (SZX), meeting growing demand for travel between the two markets for investment, trade, tourism and visiting relatives.

Thanks to digital transformation among local officials, Tam Dao commune of Phu Tho province has achieved an almost 100% on-time rate for processing administrative applications, helping improve public services for residents. (Photo: VNA)

Institutional reform fuels private sector's growth in Phu Tho province

The private sector is increasingly emerging as a key growth engine of the economy. To unleash its potential and ensure sustainable development, the northern province of Phu Tho is stepping up institutional and administrative reforms to cut costs, shorten procedures, and build a more transparent, business-friendly investment climate.

Hoa Phat Wharf inside the Dung Quat Economic Zone (Photo: VNA)

Dung Quat EZ, Quang Ngai IPs draw nearly 19.4 bln USD

The Dung Quat Economic Zone and Quang Ngai industrial parks have so far attracted 441 projects worth around 19.4 billion USD, according to the Dung Quat Economic Zone and Quang Ngai Industrial Parks Authority (DEZA).

The Kim Long Motor Hue factory (Photo: VNA)

Hue courts capital to turn industrial zones into growth engine

The economic and industrial zones in Hue city host more than 200 active investment projects worth over 152 trillion VND (5.84 billion USD), with 139 already operational. Since the start of 2026, they have generated about 32 trillion VND, contributed 4.2 trillion VND to the state budget and brought in 730 million USD in exports, while employing more than 46,000 workers.

Processing cashew nuts for export at Nguyen Thong Co., Ltd. in Dak Lak province. (Photo: VNA)

Vietnam’s exports to New Zealand post strong growth

According to the Customs Department, two-way trade reached 844 million USD in the first half of 2026, of which Vietnam’s exports to New Zealand totaled 399.7 million USD, up 18.8% year-on-year, while imports stood at 444 million USD.

Starting from September 2026, agricultural products from the Mekong Delta are expected to be transported directly from Cai Cui Port to Guangxi, China. (Photo: VNA)

Investing in logistics to boost agricultural production and exports

Logistics is increasingly becoming a major bottleneck for exports as transport costs rise and requirements for data management, low emissions and supply chain transparency become more stringent, requiring coordinated investment in logistics infrastructure, data infrastructure and transport capacity.

Harvesting rice in the Mekong Delta (Photo: VNA)

Vietnam seen as gateway for Canadian farm produce to ASEAN

As Canada steps up trade diversification and seeks to reduce its dependence on the North American market, Vietnam could serve both as a market for Canadian goods and a base for Canadian businesses to build production capacity and expand operations in the region.