A corner of Van Don. The Management Board of Van Don Economic Zone was founded and piloted in three years. – Photo congthuong.vn

Quang Ninh Province late last week announced the foundation of the management board of Van Don Economic Zone (EZ) which would be piloted in three years.

The management board would be a unit under the provincial People’s Committee and perform State management on Van Don EZ as well as provide public services relevant to investment, production and business for investors in the EZ following the established regulations.

Nguyen Xuan Ky, Chairman of the People’s Council, said that Van Don EZ was regarded as a major growth driver of the northern province, which together with other economic zones would accelerate the province’s transition to green growth model, promote the development of tourism, services, coastal urban areas and efficiency in using land resource.

Ky believed that the management board with streamlined administrative mechanisms would create favourable conditions for investors.

The Government gave the nod to the pilot foundation of Van Don EZ’s Management Board with the Resolution No 102/NQ-CP dated November 14, 2019.

Van Don, together with Van Phong in Khanh Hoa Province and Phu Quoc in Kien Giang Province, were identified to be three major economic zones of the country, which would drive regional growth.

Under Van Don’s planning with a vision to 2040 which was approved by the Prime Minister earlier this year, the economic zone was expected to be a marine eco-tourism centre and a hub for international trade. — VNS