Dong Nai proposes development of 16-billion-USD free trade zone

Dong Nai has unveiled a plan to develop a 16-billion-USD free trade zone, positioned to capitalise on the upcoming Long Thanh International Airport.

The project’s capital structure includes 5% public funding, 40% from domestic private investors, and the remaining 55% from foreign direct investment (FDI).

At a seminar held on June 27, Vice Chairman of the provincial People’s Committee Ho Van Ha said the zone, spanning 8,500 hectares, will feature a 3,095-hectare production area, a 2,244-hectare logistics hub, a 1,500-hectare finance – commerce – service zone, and and a 1,419-hectare area dedicated to research, innovation, IT, and digital economy.

The free trade zone will be built into a complex integrated model designed to maximise advantages from the Long Thanh Airport, Phuoc An Port, and the extensive industrial park network across the province, the southeastern region, and Ho Chi Minh City's International Financial Centre.

Eighteen key sectors will be prioritised in the zone, including digital logistics, electronics, mechanical engineering, pharmaceuticals, food processing, IT, and human resources training, according to Ha.

The proposal will be submitted to the Prime Minister for consideration and approval in July 2025.

(Source: VNA)