18:36 (GMT +7) - Wednesday 20/09/2017

Property

Quang Ninh to prepare Van Don Economic Zone master plan

Released at: 14:05, 18/07/2017

Quang Ninh to prepare Van Don Economic Zone master plan

Photo: Vneconomy

PM gives go-ahead to northern province preparing master plan for economic zone.

by Ngoc Chi

Prime Minister Nguyen Xuan Phuc has permitted northern Quang Ninh province to develop a master plan for socioeconomic development and re-plan the Van Don Economic Zone project towards it being a special administrative-economic zone.

He asked the province to use local budget and other legal funding sources to implement the project.

The PM also agreed in principle that the Provincial People’s Committee select and assign foreign consultants to prepare the master plan and agreed with the Committee implementing a negotiation mechanism when considering the contract value.

Quang Ninh leaders earlier petitioned the PM to report to the Politburo shortly on setting up the Van Don special administrative-economic zone.

They also suggested the government quickly issue a decree on the casino business that would allow Vietnamese citizens to gamble.

Van Don has a politically and economically important position as it lies on the strategic transit route from East Asia to Southeast Asia and from ASEAN to China, in the Vietnam-China “Two Corridors, One Belt” cooperation area, in the Nanning-Singapore economic corridor, and in the extended Tonkin Gulf inter-regional cooperation area.

The zone is part of a government-approved plan to build three such zones in the country, with the others being Van Phong in the central province of Khanh Hoa and Phu Quoc in the Mekong Delta’s Kien Giang province.

The zones are expected to spearhead the country’s growth and tap local advantages to drive growth in the area. They will pilot key new economic and administrative policies before they are applied nationwide in order to develop the maritime economy.

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