Da Nang Approves VSIP Investment in Free Trade Zone Infrastructure
On November 12, 2026, Da Nang approved VSIP as the investor in infrastructure for a functional zone at Site No. 7 of the Da Nang Free Trade Zone. The project has a total investment of VND 3.525 trillion, approximately USD 132.89 million. The roughly 401-hectare site is planned as a science, technology and innovation complex.
On November 12, 2026, Da Nang People’s Committee Vice Chairman Phan Thái Bình signed Decision No. 5202/QĐ-UBND, approving the Vietnam-Singapore Industrial Park Joint Venture Co., Ltd. (VSIP) to invest in, build and operate infrastructure for a functional zone at Site No. 7 of the Da Nang Free Trade Zone.
The project has a total investment of VND 3.525 trillion, approximately USD 132.89 million. Of this, the investor will contribute VND 705 billion, or 20% of the total; VND 2.82 trillion, or 80%, will be raised from credit institutions and other lawful sources. The project’s operating term is 70 years from the date the competent authority issues its land lease decision.
Site No. 7 is in Hòa Vang Commune, Da Nang, and covers approximately 401 hectares. It is planned as a science, technology and innovation complex bringing together research institutions, technology development centers and startups, with related facilities. The decision designates the investor for the site’s functional-zone infrastructure project.
The land use plan involves converting approximately 395 hectares from existing uses to free trade zone land. This includes 195 hectares of specialized green space, 45 hectares of sports center land, 71 hectares of agricultural land, and residential, public green space and water areas. Another 6 hectares of transport land will retain its current use.
Source: VietVance
