The proposed New Generation Free Trade Zone aims to introduce exceptional and breakthrough mechanisms and policies to attract investment, finance, trade, and services.
Vietnam remains a country with a competitive advantage in attracting foreign investment, according to Chairman of the Vietnam Association of Foreign Invested Enterprises.
The program targets to cut and simplify at least 30% of unnecessary investment conditions, and at least 30% of time required for processing administrative procedures, and reduce compliance costs by 30% in 2025.
The Thanh Cong Viet Hung plant mainly producing and assembling commercial vehicles under the Skoda brand - one of the oldest automobile manufacturers from the Czech Republic.
The second project involves the renovation of Passenger Terminal T1, which will enhance the terminal's capacity to accommodate 3–3.5 million passengers per year by 2030.