Diversified conglomerate Imex Pan Pacific Group (IPP) of dollar billionaire Johnathan Hanh Nguyen wants to invest in Bac Van Phong, pledging to attract US$40 billion investment to turn the region into a modern economic zone.
The vote to approve the controversial draft Law on Special Administrative and Economic Units will be postponed until the sixth National Assembly session, to commence in October, instead of the on-going fifth.
Viet Nam’s Government has demonstrated its willpower to develop special economic zones (SEZs) which it hopes will spearhead the country’s growth. This issue has been high on the agenda in the face of the Fourth Industrial Revolution (Industry 4.0), at...
The Government plans to develop three special economic zones, which it hopes will spearhead the country’s growth. They will be located in the coastal district of Van Don in the northern province of Quang Ninh, Bac Van Phong in the...
After land prices, and, along with them, instances of violation of land laws, surged in certain places, the provinces involved have temporarily banned land transactions pending the approval of new regulations, helping cool off the market.
The National Assembly’s Standing Committee discussed the draft Law on Special Administrative Economic Units on April 16 with a focus on preferential policies to attract investment.
Authorities in central Khanh Hoa Province have called for improvement in land management in Van Ninh District, which is ready to become Bac Van Phong special administrative economic unit.
The People’s Committee in the central coastal province of Khanh Hoa estimated that of more than VND100 trillion (US$4.4 billion) was needed to develop the infrastructure system for the Bac Van Phong Special Administrative-Economic Unit by 2025.
Prime Minister Nguyen Tan Dung has given the green light to the Bac Van
Phong project, which will see the construction of a giant multipurpose
port in Van Ninh District''s Dam Mon Village by Cang Nha Trang JSC.
The Ministry of Planning and Investment has been drafting a law for the
operation of three special economic zones in three provinces of Viet Nam
for foreign investment projects.