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Van Phong EZ attracts many large investment projects
Currently, many investors have been selecting Van Phong Economic Zone in central Khanh Hoa province as their destination. Investment activities here are quite busy.
Van Phong Economic Zone has been planned on a total area of 150,000 hectares and its aim is to build it into a collective economic zone, with an international container entrepot port, focusing on such fields as tourism, services, industry, aquaculture and others.
Khanh Hoa authorities has attached importance to planning work of the zone, especially the detailed land use plan by 2020 with great attention being paid to such projects as Van Phong international container entrepot port, the Hon Gom general services centre, the Vinh Yen re-settlement area, the hi-tech industrial zone and waste treatment area.
In order to ensure sustainable development, the province has implemented re-settlement projects to meet land clearance demands.
Currently, land clearance work for international container entrepot port project, Vinh Yen re-settlement area, STX-VINA heavy-industry complex has been carried out quite smoothly.
Since the Van Phong Economic Zone was established in 2006, many big domestic and foreign investors have come to seek investment opportunities. By now, 60 projects have been implemented in the zone.
In 2007, 38 projects registered to invest in the zone with total investment capital of US$20 billion. Of these, the Van Phong International Entrepot project invested by the Vietnam Maritimes Corporation, was the biggest.
As planned, by 2020, with total are of 405 hectares, the port will be able to handle 4 to 4.5 million TEU a year and can accommodate container vessels of 12,000 TEU.
Currently, various big projects are in the process of fulfilling procedures for investment licenses including a steel factory project by POSCO group, a Petrolimex petrochemical-refinery project, a thermo electric power plant by Sumitomo group, the STX-VINA heavy industry complex and the Tu Bong tourism and financial centre urban area project.
Along with efforts to attract large investment projects, Khanh Hoa is also mobilising capital from different economic sectors to invest in socio-economic infrastructure facilities for the zone, said Mr Nguyen Trong Hoa, head of the Van Phong EZ management unit.
In addition, the province also pays attention to vocational training and streamlining administrative procedures to facilitate investors.
ND
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