Hanoi, June 17 -- Permanent Deputy Prime Minister Nguyen Hoa Binh has signed a decision to establish the Da Nang Free Trade Zone (FTZ), which will be connected to main infrastructure facilities, opening up new development opportunities for the central coastal city.

According to the decision, the zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.

The zone will be developed with modern and comprehensive infrastructure for manufacturing, logistics, trade, and high-quality technology and services, aiming to become a regional-level economic hub and a strategic growth powerhouse for both the central region and the nation in t...