Gov't proposes establishment of Free Trade Zone in Hai Phong City

If approved by the legislative body, the FTZ shall be allowed to pilot special mechanisms and policies to attract investment and spur exports and research and development activities.

The proposed FTZ would include several functional areas such as a production zone, a port and port logistics zone, a commercial and services zone, along with other types of functional zones in accordance with legal regulations.

The Government expects that the FTZ will inject new momentum for rapid and sustainable development of Hai Phong City.

Businesses operating in the FTZ may be entitled to various incentives in terms of adminstrative procedures, work permits, land access among others./.