Lorries carry goods through Lao Cai International Bordergate. — VNA/VNS Photo Dinh Hue(03-05-2008)
HA NOI — Prime Minister Nguyen Tan Dung has approved a plan to set up nine additional economic zones along the country’s bordergate region by 2020, bringing the total number of EZs in the country to 30.
The scheme, endorsed by the Prime Minister on April 25, is part of a larger economic development plan for the bordergate region up to 2020. It focuses on sustainable development and long-lasting friendship and political security between Viet Nam’s border provinces and neighbouring provinces in China, Laos and Cambodia.
The plan calls for the construction of infrastructure and the setting up of a well-co-ordinated management mechanism, together with policies that would increase the gross import-export revenues with neighbouring border regions to US$43 billion by 2020.
The nine target bordergate economic zones are Mong Cai, Lao Cai and Lang Son in the north, the special economic zone of Lao Bao and another central bordergate economic zone Cau Treo, the largest border economic zone of Bo Y in the Central Highlands, Moc Bai, An Giang, and Dong Thap in the south.
These bordergate economic zones should help strengthen international co-operation and attract domestic and foreign investment into the country, according to the master plan.
Bordergate zone
Located in the East-West Economic Corridor and the Viet Nam-Laos-Cambodia economic triangle, the Bo Y bordergate economic zone occupies 400ha in Ngoc Hoi District in the Central Highlands Province of Kon Tum.
To date, 54 investors have launched projects worth VND11 trillion ($687.5 million), including nine projects in the pipeline and 14 that have already been allocated land.
The zone is now focusing on developing infrastructure to attract investors, said Nguyen The Dat, head of the zone’s State management team.
Another bordergate economic zone on the trans-Asia highway, Moc Bai in southern Tay Ninh Province, also has great potential.
Located 70km from HCM City and some 170km from Phnom Penh, the 21.3ha zone opened in March, 2006 and has a commercial-industrial area and a duty-free supermarket.
Provincial authorities approved 38 projects capitalised at VND5.4 trillion ($337.5 million).
Phuong Trinh Co Ltd, in co-operation with Cambodian partners, has invested $3 million in launching a bus route linking Ben Thanh Market in downtown HCM City with Moc Bai and Tay Ninh town.
— VNS
HA NOI — Prime Minister Nguyen Tan Dung has approved a plan to set up nine additional economic zones along the country’s bordergate region by 2020, bringing the total number of EZs in the country to 30.
The scheme, endorsed by the Prime Minister on April 25, is part of a larger economic development plan for the bordergate region up to 2020. It focuses on sustainable development and long-lasting friendship and political security between Viet Nam’s border provinces and neighbouring provinces in China, Laos and Cambodia.
The plan calls for the construction of infrastructure and the setting up of a well-co-ordinated management mechanism, together with policies that would increase the gross import-export revenues with neighbouring border regions to US$43 billion by 2020.
The nine target bordergate economic zones are Mong Cai, Lao Cai and Lang Son in the north, the special economic zone of Lao Bao and another central bordergate economic zone Cau Treo, the largest border economic zone of Bo Y in the Central Highlands, Moc Bai, An Giang, and Dong Thap in the south.
These bordergate economic zones should help strengthen international co-operation and attract domestic and foreign investment into the country, according to the master plan.
Bordergate zone
Located in the East-West Economic Corridor and the Viet Nam-Laos-Cambodia economic triangle, the Bo Y bordergate economic zone occupies 400ha in Ngoc Hoi District in the Central Highlands Province of Kon Tum.
To date, 54 investors have launched projects worth VND11 trillion ($687.5 million), including nine projects in the pipeline and 14 that have already been allocated land.
The zone is now focusing on developing infrastructure to attract investors, said Nguyen The Dat, head of the zone’s State management team.
Another bordergate economic zone on the trans-Asia highway, Moc Bai in southern Tay Ninh Province, also has great potential.
Located 70km from HCM City and some 170km from Phnom Penh, the 21.3ha zone opened in March, 2006 and has a commercial-industrial area and a duty-free supermarket.
Provincial authorities approved 38 projects capitalised at VND5.4 trillion ($337.5 million).
Phuong Trinh Co Ltd, in co-operation with Cambodian partners, has invested $3 million in launching a bus route linking Ben Thanh Market in downtown HCM City with Moc Bai and Tay Ninh town.
— VNS
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