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Vietnam to develop free trade zone near Lien Chieu Seaport

The Vietnam national assembly has approved the development of Da Nang free trade zone near Lien Chieu Seaport. It will include production zones, logistics centers, trade, service areas, and other functional zones.
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The movement and trade of goods between trade zones and external zones will be guided by export and import regulations set by Vietnamese law on customs and taxes. The Da Nang Free Trade Zone will offer several investment policies to attract investors. Land leased in this zone will be treated as investment projects in economic zones, benefitting from tax incentives and land rent reductions. Enterprises with investment projects in the zone will receive preferential customs treatment for export and import activities when they meet the conditions prescribed by law.

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