This is considered a historic decision of great significance not only for the breakthrough development of Hai Phong but also for the region and the whole country.
Among the 6 groups of specific policies approved by the National Assembly, the permission to establish and apply outstanding mechanisms and policies in the Free Trade Zone in Hai Phong is considered a breakthrough highlight, promising to change the socio-economy of the city in the coming decades. This is a model of "New Generation Free Trade Zone" - not simply a duty-free area but a comprehensive economic ecosystem, creating high added value.
Hai Phong Free Trade Zone is organized into many diverse functional areas, including production area, port and port logistics area, logistics center, trade - service area and other types of functional areas according to the provisions of law. This diversity allows the Free Trade Zone to comprehensively support economic activities, from production, transportation to trade and services; creating a transparent, favorable and effective business environment.
According to the National Assembly‘s Resolution 226/2025, the City People's Committee decided to establish, expand and adjust the boundaries of the Free Trade Zone associated with Dinh Vu - Cat Hai Economic Zone and the Southern Coastal Economic Zone of Hai Phong. The establishment of the Free Trade Zone is expected to promote investment attraction, especially from foreign investors, corporations, large enterprises with the aim of promoting exports, industrial development, research and development (R&D) activities, attracting high-quality human resources, creating a new growth spur for Hai Phong city. Successful implementation of this model will create a premise to contribute to promoting the socio-economic development of Hai Phong city, the whole region and the country to develop rapidly in such a sustainable way.