Quang Yen Economic Zone added to coastal EZ planning

Wednesday, May 27, 2020 09:28

A view of Quang Yen Town, Quang Ninh Province. Quang Yen Economic Zone has been added to the national planning of coastal EZs, bringing the total number of coastal EZs in Viet Nam to 19. – Photo baoquangninh.com.vn

Prime Minister Nguyen Xuan Phuc has approved adding Quang Yen Economic Zone (EZ) in the northern province of Quang Ninh to the national planning of coastal EZs.

The People’s Committee of Quang Ninh Province will be in charge of making planning for the 13,300 ha EZ to ensure its development doesn't harm the or national defence and security, while also preserving the forest and historical and cultural relics.

Quang Ninh will also be in charge of attracting appropriate investment into Quang Yen EZ and developing its infrastructure to ensure connectivity between the EZ and others to form a dynamic economic hub for the northern province and the northern key economic region.

With the development of the transport infrastructure system in recent years, especially the Ha Long – Hai Phong Expressway and Bach Dang Bridge, Quang Yen has attracted large investments in property development.

For example, Ha Long Xanh Complex is set to cover nearly 3,200 hectares with total investment of more than US$7 billion and include a modern, smart and environmentally friendly urban area by 2029.

Another project is Amata Agroup’s Song Khoai Industrial Park with a total area of 714 hectares worth $155 million in Quang Yen Town.

Under the planning of developing coastal EZs of Viet Nam by 2020 approved in September 2008, 15 coastal EZs were founded. Three were added in 2010.

According to the Ministry of Planning and Investment, these 18 existing EZs have a total area of 730,550 ha, or 2 per cent of the country’s area. – VNS

Comments (0)