Van Phong Economic Zone will carry out many comprehensive ways to attract more investment, stepping up the economic zone's development as expected.
Van Phong Economic Zone will carry out many comprehensive ways to attract more investment, stepping up the economic zone’s development as expected.
According to the management board of Van Phong Economic Zone, investment attraction into the economic zone made a certain rise in 2016. The management board licensed 13 projects with total investment of VND3,300 billion. Up to now, Van Phong Economic Zone has drawn 147 projects with total registered investment of USD1.58 billion. The management board is completing formalities to grant investment certificate for 2 big projects, including Van Phong 1 BOT thermal power plant (USD2 billion) and Southern Van Phong oil refinery (USD4,5 billion).
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| Van Phong petroleum bonded warehouse |
In comparison with 2015, the rate of investment attraction in Van Phong Economic Zone in 2016 rose by 13 times. Some projects were Southern Van Phong port, Vietzen Building Materials, Long Son cement packing company, Xuan Thanh Company, etc. In the time to come, the management will step up the development of Doc Da Trang economic section, Ninh Hai complex section, Van Hung solar power project, etc. Some main projects like Sumitomo thermal power plant also will be focused on. The management will promote investment in the south of Van Phong Economic Zone, step up the progess of Ninh Thuy Economic Zone, etc.
However, according to assessment of the provincial People’s Committee, the development of Van Phong Economic Zone hasn’t still met expectations. Some projects are in slow progress.
Recently, the economic zone’s management board has worked with investors and reported slow projects to the provincial People’s Committee.
Recently, the management board has also built the investment attraction policy and submitted them to the provincial People’s Committee. This policy supports ground clearance, waste water treatment, vocational training, etc. It was set up, basing on the local industrial development, policies of some provinces like Quang Ninh, Quang Ngai, etc. Also, it was consulted by some enterprises and the Vietnam Chamber of Commerce and Industry (VCCI).
To infrastructures of Van Phong Economic Zone, the management is focusing on building the road from National Road 1 to Dan Mon, finishing the first phase of Provincial Road 1B through the oil refinery project, finishing the road from Provincial Road 1B to Van Phong petroleum bonded warehouse, facilitating the traffic between the oil refinery plant and Van Phong 1 thermal power plant to transport petroleum by road. Besides, in 2017, the management board will execute the road from Provincial Road 1A to Xom Quan resettlement area, speed up water supply projects from Tien Du Lake to the south of Van Phong, invest in Dong Dien Lake along with Hoa Son Lake to supply water for the north of Van Phong…
Van Ky
Translated by T.T
