Vietnam to establish first free trade zone in central region


FILE PHOTO: A vendor counts Vietnamese dong banknotes at Con Market in Da Nang, Vietnam, on May 2, 2023. The Da Nang free trade zone aims to serve as a key link in global and regional supply chains. - Bloomberg

HANOI: The Vietnamese government has approved the establishment of the country's first free trade zone in the central city of Da Nang, local media VnExpress reported Monday (June 16).

Covering an area of 1,881 hectares, the zone is expected to become a major economic, logistics and technological hub in the Asia-Pacific region, the report added.

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