Beach resort also moves to transform into an international financial center
The central Vietnamese city of Danang has been well-known for its white-sand beaches and luxurious resorts. It is also home to homegrown tech companies such as FPT. (Photo by Tomoya Onishi)
HANOI -- Vietnam has approved its first-ever free trade zone, to be set up in the central city of Danang, a tourist hotspot and tech hub that will also host an international financial center in the coming years.
The move, aimed at boosting Vietnam's economic growth, is part of ambitions to become a high-income country by 2045.
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