Prime Minister Nguyen Tan Dung has recently selected eight groups of coastal economic zones (EZs) prioritized for development investment with state budget funds during 2016-20.
Automobile manufacturing in Chu Lai Economic Zone__Photo: VGP
They include Chu Lai EZ in Quang Nam province, Dung Quat EZ in Quang Ngai province, Dinh Vu - Cat Hai EZ in Hai Phong city, Nghi Son EZ in Thanh Hoa province, Phu Quoc EZ in Kien Giang province, Vung Ang EZ in Ha Tinh province, Southern Phu Yen EZ in Phu Yen province, Van Don EZ in Quang Ninh province, and Dinh An EZ in Tra Vinh province.
At least 70 percent of the state budget’s total investment in coastal EZs in annual and five-year plans will be poured into these zones.
In the next two years, the state development investment will be focused on basically completing technical and social infrastructure works for five key coastal EZs selected in the 2013-15 period.
From 2018, the focus will be shifted to Southern Phu Yen, Van Don, and Dinh An EZs which are newly added to the list.
The Ministry of Planning and Investment is tasked to work with the Ministry of Finance in working out budget allocation plans and mechanisms for raising capital for and giving incentives to other economic sectors that invest in the listed EZs.
The Prime Minister also requests provincial-level People's Committees and EZs' management boards to actively raise capital from non-state budget sources to invest in these EZs' infrastructure.- (VLLF)