Prime Minister Nguyen Xuan Phuc recently signed a decision on the establishment of the coastal Quang Yen Economic Zone in the northern province of Quang Ninh.

The 13,303ha economic zone, located in the southwest of Quang Ninh, will include an urban, industrial and hi-tech complex and the Dam Nha Mac seaport, as well as related services.

In particular, the urban, industrial and hi-tech complex will span 6,403ha in Uong Bi City and Quang Yen Town.

This economic zone is aimed at capitalising on natural and geographical advantages in economic, trade and service connections with other coastal economic zones like Van Don, Dinh Vu-Cat Hai in nearby Hai Phong City and Thai Binh in Thai Binh Province, thereby helping to optimise competitive edges of each zone and forming socio-economic development connectivity between the economic zones with neighbouring areas.

The Quang Yen Economic Zone will closely combine investment attraction and economic development with defence-security ensuring, and preservation and promotion of values of local marine ecosystems, historical relics and culture.

It also looks to become a multi-sectoral economic zone and a modern and smart industrial, port logistics services and urban centre of Quang Ninh as well as the Red River Delta; create a modern living environment via synchronous development of technical and social infrastructure; while boosting hi-tech and environmentally friendly sectors and R&D centres.

The economic zone is scheduled to be developed from now to 2035, according to the Prime Minister’s decision. — VNS