Nhon Hoi Economic Zone announces expansion plans

Sep 6th at 07:56
06-09-2019 07:56:08+07:00

Nhon Hoi Economic Zone announces expansion plans

Nhon Hoi Economic Zone in the central province of Binh Dinh is growing.

The area will expand by more than 2,300ha, the provincial People's Committee have announced.

The zone is divided into eight functional subzones covering tourism, urban, trading and service and industrial park areas.

Prime Minister Nguyen Xuan Phuc approved the decision to increase the economic zone from 12,000ha to 14,308ha.

The zone will expand to the Phuong Mai peninsula.

The new expansion will cover the Becamex Industrial Park and Becamex Urban Area while most of the Phuong Mai peninsula will be used for tourism, service and urban development.

A new administration centre, training facility, high school, hospital and sports centres will all be built to service the zone.

Chairman of Binh Dinh People's Committee Ho Quoc Dung said: "The zone is planned as a multi-sector economic zone with the focus on tourism, services, industry, ports, renewable energy and fisheries."

He added it will be one of the major economic development hubs and international attractions in the centre of Viet Nam.

Dung asked the management board to review and detail designs for the new plans, especially in the Thi Nai Lagoon subzone, where they will develop as a conservation area to preserve the lagoon mangroves ecosystem, as well as develop it into a sustainable eco-tourism model.

Located in the coastal province of Binh Dinh, the zone is 5 km from Quy Nhon City and 300 km from Da Nang.

Nhon Hoi Economic Zone has attracted 81 investment projects with a total capital of nearly VND58,000 billion (US$2.49 billion), including $339 million from foreign companies.

bizhub



NEWS SAME CATEGORY

Vietnam maintains economic growth despite global market volatility: PM

Vietnam maintained positive growth in most economic sectors in the January-August period despite global market volatility, including escalating trade tensions among...

Building the mechanism for sturdy FDI efficiency

With significant contributions of foreign investment to Vietnam’s social-economic development over the past 30 years, Vietnam is working to increase its quality and...

Viet Nam attends Russia’s Eastern Economic Forum

A Vietnamese delegation led by Deputy Prime Minister Trinh Dinh Dung attended the 5th Eastern Economic Forum (EEF) which opened in Russia’s Vladivostok on Wednesday.

Central economic body calls for policy feedback from businesses

The business community in Viet Nam is encouraged to put forward ideas and solutions to the country’s policy-making process, said the Communist Party of Viet Nam's...

Dong Nai calls on investment in agricultural projects

The southern province of Dong Nai is giving the green light to foreign and domestic businesses to develop 52 agricultural production chain projects.

Petrolimex reports increase in profits

Petrolimex, Vietnam’s biggest petroleum retailer, has reported an 8 percent year-on-year increase in pre-tax profits in the first 6 months.

Investment in startups up 48 pct

Investment in Vietnamese startups in the first half of the year rose 48 percent year-on-year to reach $246 million with South Korea the top investor.

Improving international integration through FTAs

Vietnam has been boosting global integration in order to accelerate socio-economic development. Lam Thi Quynh Anh, division head under the Office of the...

Wide-ranging changes for decade of investment

Investment incentives and business conditions in Vietnam are expected to be significantly changed to better align with international commitments and the country’s...

Bright spots amid trading tensions

Stable monetary policy, a network of trade agreements, and suitable policies encouraging foreign direct investment have helped Vietnam maintain stable growth amid...


MOST READ


Back To Top