Ho Chi Minh City to establish Free Trade Zone
(VOVWORLD) - Ho Chi Minh City plans to establish a free trade zone (FTZ) linked to Cai Mep Ha Port, optimizing unique local advantages while maintaining a unified management model, according to a new resolution.
 Current planning layout of the Cai Mep Ha Free Trade Zone in Tan Phuoc Ward, Ho Chi Minh City (Photo: Huynh Son/VNA) |
The municipal People’s Council on Friday approved a draft resolution outlining the procedures for establishing, expanding, and adjusting the boundaries of the FTZ.
A single FTZ will be set up at Cai Mep Ha, covering roughly 3,800 hectares. This area is designated as the core zone and must be closely linked to a deep-water seaport, in order to maximize the advantages of the Cai Mep-Thi Vai port cluster along the Asia-Europe and Asia-America international shipping routes.
From the core zone, functional subzones will be developed in areas with specific advantages in logistics, port infrastructure, and transport connectivity.