Central Quang Tri province has proposed developing a free trade zone in three phases, with total investment estimated at VND77.23 trillion–VND114.13 trillion ($2.9–4.4 billion).
The provincial steering committee for the pilot free trade zone project recently held a meeting to review and refine the second draft of the proposal.
Under the proposal, the Quang Tri Free Trade Zone would follow a multi-site, smart model, connecting seaports, border gates and East-West transport corridors. It would create an integrated ecosystem linking logistics, trade, industry, services and digital infrastructure.
The model would go beyond simple goods transshipment, with the province seeking to develop logistics services that generate greater added value through warehousing, sorting, packaging, inspection, processing, re-export and related commercial services.
Quang Tri is also proposing 35 policy mechanisms across 12 groups covering investment and trade support, logistics, infrastructure development, and the management and operation of the free trade zone.
