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Home / Investment / Industrial zone
Government to focus investing for 8 group of coastal economic zones
Thu Minh 17:04, 2015/11/13
The Prime Minister agreed to concentrate on key development investments sourced from the State budget for 8 groups of coastal economic zones in the 2016-2020 period.
These economic zones include Chu Lai and Dung Quat in the central provinces of Quang Nam and Quang Ngai; Dinh Vu-Cat Hai in the northern port city of Hai Phong; Nghi Son in central Thanh Hoa province; Phu Quoc in southern Kien Giang province; Vung Ang in central Ha Tinh province; South Phu Yen in central Phu Yen province; Van Don in northern Quang Ninh province; and Dinh An in southern Tra Vinh province.
In 2016-2017, priorities will be given to development investment from the state budget to basically complete the important construction of technical infrastructure and social infrastructure of the economic zones.
During 2018-2020, the newly-added coastal economic zones of South Phu Yen in central Phu Yen province; Van Don in northern Quang Ninh province; and Dinh An in southern Tra Vinh province will be focused on investment development.
 
Illustrative image
The Dinh Vu-Cat Hai in the northern port city of Hai Phong
Accordingly, the beneficiaries will receive 70% of yearly investments for coastal economic zones in the next five years.
Prime Minister assigned the Ministry of Planning and Investment to coordinate with the Ministry of Finance to build the yearly capital allocation plan and in the 2016- 2020 period for coastal economic zones.
The ministries, central sectors are required to build the capital mobilisation mechanism and policies towards exploiting maximumly the economic strengths of the coastal economic zones.
The Prime Minister asked municipal and provincial People’s Committees, and management boards of the economic zones to use central budget in line with regulations and ensure the disbursement and construction process.
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