Investing in Da Nang Free Trade Zone, what benefits do investors receive?
When Da Nang city has a Free Trade Zone, businesses can access a larger market at lower costs, attracting increased foreign direct investment.
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| When participating in the Da Nang Free Trade Zone, businesses in the industrial parks are located on the city's main traffic routes. In the photo is Hoa Khanh Industrial Park, Lien Chieu District, Da Nang. Photo: Linh Dan |
Mr. Tran Van Ty, Deputy Head of the Management Board of Da Nang High-Tech Park and Industrial Zones, has just said that when participating in the Da Nang Free Trade Zone, businesses will receive many benefits, especially businesses in industrial parks located on the main traffic routes of Da Nang city.
Along with that, businesses along the national highway, expressway and especially Lien Chieu Industrial Park with the infrastructure business investor being Saigon Da Nang Investment Joint Stock Company - a part of the area of Lien Chieu Industrial Park is currently proposed to be a functional area of the Free Trade Zone.
According to Mr. Ty, when Da Nang city has a Free Trade Zone, businesses can access a larger market at lower costs, attracting increased foreign direct investment. At this time, competition between businesses will be fiercer, forcing businesses to improve their competitiveness to meet market demand.
Free Trade Zones contribute to creating a favorable business environment, promoting economic growth and creating more jobs for the locality. Consumers can access a variety of goods at more competitive prices, improving people's lives. And Free Trade Zones also contribute to strengthening international economic cooperation and integration, promoting peace and stability in the region.
“In the coming time, we will continue to promote the role of the focal point of the management agency of high-tech parks, concentrated information technology parks and industrial parks in the city in effectively implementing investment promotion activities, actively integrating into international cooperation; strengthening foreign affairs and trade activities with international and multinational corporations and organizations; promoting research cooperation and technology transfer. At the same time, we are committed to supporting and creating favorable conditions for investors to learn, research investment and expand operations in high-tech parks, concentrated information technology parks and industrial parks, especially the Da Nang Free Trade Zone,” Mr. Ty shared.
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