PM approves plan for central EZ

Prime Minister Nguyen Tan Dung has approved a new development plan for the Van Phong Economic Zone in the central province of Khanh Hoa.

Under the plan, the multi-sector and multi-disciplinary zone will cover 70,000ha of land, and 80,000ha of water in Van Ninh District.

It will include the International Container Trans-Shipment Terminal, a petrochemical industrial park, petroleum and oil product trans-shipment terminal, all of which will play a key role in the development of tourism, industry, aquaculture and other industries in the region.

The zone will be developed in two areas: Van Phong's North and South. The Hon Gom peninsula and the Van Gia Town in Van Phong's North is where the International Container Trans-shipment Terminal, Port International Terminal, logistics services facilities, and urban tourism project will be constructed.



The deepwater port, industrial park, urban areas and tourism services will be built in the south of Van Phong.

In addition, Khanh Hoa Province has submitted a proposal for the construction of a Special Administrative Economic zone in the north of Van Phong.

The project has two possible outcomes – the development of a special zone for international financial development or to become an industrial-services centre.

Construction of the Van Phong Economic Zone began in 2006 and aims to be an integrated economic area in which the International Container Trans-Shipment Terminal plays a key role.