Quảng Trị leverages logistics advantage for FTZ development

Quang Tri province in central Vietnam is actively striving to leverage its logistics advantages with the goal of establishing a Free Trade Zone (FTZ).

This initiative aims to stimulate economic development and enhance the province's competitiveness within regional and global value chains.

This information was presented at a scientific workshop titled "Free Trade Zone Models in Some Countries Worldwide - Common Lessons for Quang Tri" held on August 28.

In his opening remarks, Mr. Ho Dai Nam, former Head of the provincial Committee for Information and Education said “In the context of deep integration, establishing an FTZ is an inexorable step, helping to reposition the province's role in the global value chain. Indeed, Da Nang has already received Prime Ministerial approval for a pilot FTZ, and the National Assembly has just issued a resolution allowing Hai Phong to proceed with its own.”

Ms. Nguyen Thi Tra Giang from the Ministry of Industry and Trade said that FTZs have become a strategic solution in many countries to enhance competitiveness, attract high-quality investment, and promote institutional reform.

For successful implementation in Vietnam, including Quang Tri, four key issues should be taken into consideration: proactively proposing and developing an FTZ scheme suited to local conditions; investing strongly in on-site infrastructure and services; innovating management methods and improving the operational capacity of the local government; and actively attracting and connecting domestic and international businesses.

Dr. Vu Hoang Manh Trung, Academy of Public Administration and Governance, suggested that when developing the FTZ master plan, Quang Trị should clearly define priority industries with global competitive advantages. He emphasized the need for synchronized support from the central government to ensure the FTZ has sufficient authority and resources. Furthermore, the model should integrate urban elements and high-quality services, becoming a "liveable place" to retain talent and international experts.

With three international land border gates – Lao Bao, La Lay, and Cha Lo; two deep-water seaports – Hon La and My Thuy; along with a transportation system directly connecting the East-West Economic Corridor, Quang Tri possesses favorable conditions for developing cross-border trade and logistics.

Additionally, the energy supply, especially from renewable energy and wind power, LNG gas power projects, is being promoted, further increasing the locality's attractiveness to investors in global production and supply chains.