Da Nang's People's Committee has approved the investment policy and the investor for a project on plot 6 of the Da Nang Free Trade Zone, Báo Đà Nẵng reported on October 13, 2026. The paper cites Decision 4684/QĐ-UBND.
The investor is FTZ KITA Trung Nam Co., Ltd, based at Indochina Riverside Tower on Bạch Đằng Street. The project is to build and operate infrastructure for a functional zone of about 154 hectares, which the report places in Bà Nà commune. Its proposed trade name is International Commercial & Service Gateway.
Total capital is about 3,354.8 billion dong. The investor puts in 800 billion dong, or 23.85%, which the report says is fully paid in. The remaining 2,554 billion dong or so is to come from credit institutions and other lawful sources.
The report gives this schedule:
- 2026: approvals, planning, surveys and site clearance, including forestry land procedures.
- 2027: continued clearance and the first infrastructure on eligible land.
- 2028: land leveling, roads and main technical infrastructure.
- Fourth quarter of 2029: target for completion and operation, while seeking secondary investors.
- 2030: final settlement of construction items.
The project term is 70 years from the date the State decides on the land lease. The report adds that the project may qualify for a full land-rent exemption for the whole term under two National Assembly resolutions; that is described as under consideration, not granted.
Why it matters: Approval of the investor is a first step. The land lease decision, forest land procedures and the borrowing for more than two-thirds of the capital are all still ahead, and the report does not say who the secondary investors might be.
Sources
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