Vietnam Plans Special Policies for Dung Quất Economic Zone

At its meeting on October 16, 2026, Vietnam’s Politburo agreed to grant special policies to the Dung Quất Economic Zone in Quảng Ngãi province. The proposed approach includes drawing on mechanisms applied in the Hải Phòng and Đà Nẵng free trade zones and considering relevant incentives under the Urban Development Law to support the development of a national refining, petrochemical and energy center there.

The arrangement remains subject to further procedures. The Politburo has asked the Government Party Committee to coordinate with the National Assembly Party Committee to add the matter to the agenda and resolution of the second session of the 16th National Assembly. The government would then review and decide the specific mechanisms and policies for the Dung Quất Economic Zone.

National Assembly deputy Trần Hoàng Ngân said in an interview that the Dung Quất Economic Zone has developed over more than 20 years. It has an oil refinery and an industrial base spanning heavy industry, metallurgy, shipbuilding, energy and port logistics. He said special policies could help attract domestic and foreign investment, particularly in energy and refining and petrochemicals, but whether projects materialize also depends on the area’s industrial potential and supporting conditions.

National Assembly deputy Trần Hoàng Ngân gives an interview.（VietVance）

Trần Hoàng Ngân said the area needs coordinated infrastructure upgrades to serve large energy projects, including stronger links between ports and airports, digital, data and information technology infrastructure, and better healthcare and education services. He also cited tax and land use incentives as measures that could help attract strategic investors.

Illustration of policies for developing a refining, petrochemical, shipbuilding and energy center in the Dung Quất Economic Zone.（VietVance）

Source: VietVance