HANOI, Oct. 16 (Xinhua) -- Vietnam has officially approved the establishment of a free trade zone covering about 6,292 hectares in the northern port city of Hai Phong, Vietnam News Agency reported Thursday.

The decision was issued Thursday by the Hai Phong People's Committee, according to the report.

The free trade zone is expected to become a hub for production, logistics, trade, technology and finance, while promoting innovation, digital transformation and green growth, the report said.