A corner of Ba Na hill (Photo: VNA) The area will cover 151ha at the end of Ba Na – Suoi Mo Road – 30km southwestof the centre and near the Ba Na Hills resort.
The central city’s planning and investment department said the zone, which wassent to the ministry of planning and investment for review, would include atrade complex, with entertainment sites, duty-free shops, a logistics hub,warehouses, healthcare services, an R&D centre, international education centre,medical school and exhibition centre.
It said the project would be completed by 2027.
The department said the free-duty zone would attract investors with land-rentexemptions for three years of construction, and another 11 years land-rent freein the operation of investment projects.
Investors would also enjoy a 10% tax rate for 15 years, a four-year taxexemption and a 50% cut in income tax for the following nine years.
Despite ranking top in the Provincial Sustainable Development Index in 2021, DaNang is still seeking economic growth and investment in the post-COVID-19 periodas the city’s key tourism industry has not yet fully recovered.
The city said the zone would be a magnet for global trade and service providersand developers.
The first downtown duty-free shop was launched at the beach-front Crowne Plaza DaNang resort in Ngu Hanh Son district at the end of last year.
The city plans to raise more than 7.9 trillion VND (316 million USD) for publicinvestment projects in 2023./.
VNA
