Da Nang Free Trade Zone Site 7 Project Approved with VND 3.525 Trillion Investment
Da Nang has approved VSIP to build and operate infrastructure at Site 7 of the Da Nang Free Trade Zone. The VND 3.525 trillion project will be developed in phases, with business operations, marketing and investment promotion expected to begin in the fourth quarter of 2028.
On November 12, 2026, the Da Nang municipal government approved the Vietnam-Singapore Industrial Park Joint Venture Co., Ltd. (VSIP) to invest in, build and operate infrastructure for the functional area at Site 7 of the Da Nang Free Trade Zone. The project has a total investment of VND 3.525 trillion, equivalent to approximately US$133 million according to the conversion provided in the source text.
Map showing the seven sites of the Da Nang Free Trade Zone.（VietVance）
Under the approval decision, VSIP plans to contribute VND 705 billion, or 20% of the total investment. The remaining VND 2.82 trillion is to be raised from credit institutions and other lawful sources. The project’s operating term is 70 years from the date the competent authority decides to lease the land. The investor must disburse the full project investment within five years of the physical handover of the land or land with water surface.
Project preparation and related procedures are expected to run from the fourth quarter of 2026 to the fourth quarter of 2027. Compensation, site clearance and handover of cleared land are expected to take place from the first quarter of 2027 to the third quarter of 2029. Construction, infrastructure development and the start of operations are scheduled from the fourth quarter of 2027 to the first quarter of 2032. Business operations, marketing and investment promotion are expected to begin in the fourth quarter of 2028.
The Da Nang municipal government previously approved the project’s investment policy on October 19, 2026. Site 7 is in Hòa Vang and is planned for manufacturing, logistics, digital technology, information technology and other activities consistent with the Da Nang Free Trade Zone plan.
Source: VietVance
