Hai Phong to Boost Growth with New Free Trade Zone by 2030
Hai Phong, a major manufacturing and logistics hub in northern Vietnam, is set to boost its growth over the next five years with the establishment of a free trade zone (FTZ). The city, which handled 190 million tons of goods through its deep-sea port system in 2024, aims to increase its gross regional domestic product (GRDP) by 13-14% by 2030.
The Hai Phong Free Trade Zone will span approximately 6,292 hectares across three non-contiguous sites. The first site, covering 2,923 hectares, will be located in the Southern Coastal Economic Zone. The second site, measuring 1,077 hectares, will be in the Nam Dinh Vu Industrial and Non-tariff Zones. The third site, the largest at 2,292 hectares, will be on Cat Hai island.
The project will be implemented in phases between 2025 and 2030. The Dinh Vu-Cat Hai area will be the first to see development, with a focus on port and logistics facilities. The FTZ is designed to be a comprehensive hub, covering manufacturing, port logistics, commerce, and services.
Hai Phong authorities plan to announce a formal FTZ establishment plan this year. Once operational, the FTZ is expected to significantly contribute to Hai Phong's economic growth, with a projected increase of 13-14% in GRDP from 2025 to 2030.
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