{
  "id": 15594790,
  "title": "Da Nang approves VND3.5 trillion investment for free trade zone project",
  "url": "https://urgent.news/2026/10/19/da-nang-approves-vnd3-5-trillion-investment-for-free-trade-zone",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-19T10:28:01.000Z",
  "source": {
    "name": "SGGP English Edition Business",
    "slug": "sggp-english-edition-business",
    "url": "https://en.sggp.org.vn/da-nang-approves-vnd35-trillion-investment-for-free-trade-zone-project-post130391.html"
  },
  "original_language": "en",
  "account": "The municipal administration of Da Nang has officially approved a massive VND3.525 trillion ($133 million) investment project for the construction of a free trade zone site, according to official reports. Located at Site No.7 within the Da Nang Free Trade Zone, the ambitious undertaking will span 276 hectares in Hoa Vang Commune.\n\nThe project will require an initial investment of VND705 billion ($26.6 million) from investors, with the remainder of VND2.82 trillion ($100.9 million) sourced from credit institutions and other funding avenues. Once approved, the land lease decision will allow for a 70-year operational term for the facility.\n\nConstruction and commissioning must be completed within five years of the physical handover of the land, scheduled to occur between 2027 and 2032. The investment preparation phase will take place from Q4 2026 to Q4 2027, followed by land compensation and clearance efforts from Q1 2027 to Q3 2029.\n\nInfrastructure construction is expected to commence in Q4 2027 and continue through Q1 2032. Meanwhile, efforts to attract secondary investors are anticipated to begin in Q4 2028. The Da Nang Hi-Tech Park and Industrial Parks Authority will oversee the investor selection process and submit their findings to the municipal People's Committee Chairman for approval.\n\nNotably, Site No.7 encompasses a total of 401 hectares, with plans to convert around 195 hectares of specialized green space, 45 hectares of sports facilities, 71 hectares of agricultural land, 5 hectares of residential units, 36 hectares of village residential areas, and 8 hectares of specialized green space into free trade zone land. The existing six hectares of transport infrastructure will remain unaffected.",
  "summary": "The Da Nang municipal administration has approved in principle an infrastructure development and business project covering 276 hectares at Site No.7 of the Da Nang Free Trade Zone (FTZ), with a total investment of VND3.525 trillion (US$133 million).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}