Vietnam plans to allow localities with seaports to develop free trade zones under certain conditions.

Vietnam plans to consider allowing all localities to develop free trade zones if they meet necessary conditions and standards. These zones, similar to Da Nang's, would enjoy the same mechanisms to promote international trade and attract foreign direct investment. Vietnam currently lacks laws governing free trade zone setup and operation, but plans to replicate the model in localities with many seaports.

June 14, 2024
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