Plan for coastal economic zones approved

Chan May port in Lang Co-Chan May Economic Zone.

Nhan Dan - Prime Minister Nguyen Tan Dung has just approved a development plan for Vietnam’s coastal economic zones by 2020.

The plan is aimed at forming major economic zones to promoting economic development, particularly in poor coastal areas, thus creating premises for attracting investment, especially foreign investment.

According to the plan, a system consisting of 15 coastal economic zones will be established, including Van Don (Quang Ninh province), Dinh Vu-Cat Hai (Haiphong city), Nghi Son (Thanh Hoa province), Dong Nam Nghe An (Nghe An province), Vung Ang (Ha Tinh province), Hon La (Quang Binh province), Chan May-Lang Co (Thua Thien-Hue province), Chu Lai (Quang Nam province), Dung Quat (Quang Ngai province), Nhon Hoi (Binh Dinh province), Nam Phu Yen (Phu Yen province), Van Phong (Khanh Hoa province), Phu Quoc (Kien Giang province), Dinh An (Tra Vinh province) and Nam Can (Ca Mau province).

The plan aims to boost rapid development in 13 of these 15 coastal economic zones from now to 2010. Dinh An Economic Zone in Tra Vinh province

The plan sets aims for rapid development of 13 already established of the above said 15 coastal economic zones until 2010. Procedures are being made for establishment of the Dinh An EZ in Tra Vinh province while Nam Can EZ in Ca Mau province will be established after 2010.

By 2020, these economic zones are expected to contribute 15-20% of the country’s GDP and create jobs for 1.3-1.5 million people.