Vân Đồn special economic zone must be superior: Deputy PM

vietnamnews

Update: April, 14/2017 – 23:00

The special preferential policies for Vân Đồn Special Economic Zone must make it superior to the country’s existing economic zones and on par with similar models in the region and world over. – Photo VNA Trung Nguyên

HÀ NỘI — The special preferential policies for Vân Đồn Special Economic Zone must make it superior to the country’s existing economic zones and on par with similar models in the region and world over.

During a meeting with provincial authorities on Thursday, Deputy Prime Minister Trương Hòa Bình required the northern coastal province of Quảng Ninh to map out and propose specific incentive policies at the earliest to develop Vân Đồn quickly into a special economic zone.

Bình said the policies, which will become legal regulations, must be in accordance with international commitments and actual conditions in Việt Nam, besides ensuring consistency, stability and longevity.

The policies, which need to be consistent with current laws, must be superior in terms of infrastructure, tax, credit and finance so as to attract strategic foreign investors with huge projects, cutting-edge technologies and high-quality human resources, Bình said.

The judicial bodies of the special administrative-economic zone must be designed to be able to legally handle economic and commercial disputes as well as high-tech crime and intellectual property issues, he said.

The deputy PM instructed the planning and investment ministry to work with Quảng Ninh Province and complete the project.

To develop Vân Đồn Special Economic Zone, the province needs around US$12 billion. The province has so far mobilised approximately VNĐ40 trillion ($1.75 billion) , mainly for infrastructure development.

A VNĐ7 trillion international airport in Vân Đồn district, about 50km from Hạ Long City, which is home to the world heritage site of Hạ Long Bay, is under construction, and is scheduled to become operational in 2018.

Vân Đồn has a politically and economically important position as it lies on the strategic transit route from East Asia to Southeast Asia and from ASEAN to China; in Việt Nam – China “two corridors, one belt” co-operation area; in Nanning – Singapore economic corridor; and in extended Tonkin Gulf inter-regional co-operation area.

Vân Đồn Special Economic Zone is part of a Government-approved plan to build three such zones in the country; the other two are Vân Phong in the central Khánh Hòa Province and Phú Quốc in the southern Kiên Giang Province.

The zones are expected to spearhead the country’s growth and exploit local advantages to drive growth in the area. They will pilot key new economic and administrative policies before they are applied nationwide to develop the maritime economy. — VNS

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This entry was posted in Công viên Công nghệ và Hitech - Industrial and Hitech Parks, Economics - Kinh tế and tagged , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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