In the period of 2016 - 2019, Van Phong Economic Zone has put many projects in operation, making a big contribution to budget of the province. However, the situation of attracting investment here is still inadequate, making this area not developed commensurate with the potential and strengths.
In the period of 2016 - 2019, Van Phong Economic Zone has put many projects in operation, making a big contribution to budget of the province. However, the situation of attracting investment here is still inadequate, making this area not developed commensurate with the potential and strengths.
According to the report of Van Phong Economic Zone Management Board, in the period of 2016 - 2019, the economic zone has attracted 41 new projects, including 33 domestic projects and 8 foreign-invested projects; added investment for 14 projects. Total investment capital in the period of 2016 - 2019 is VND64,117 billion, exceeding VND14,000 billion compared to the target of Resolution No. 08 of the Provincial Party Executive Committee on developing Van Phong Economic Zone in the 2016-2020 period. Up to now, Van Phong Economic Zone has attracted 158 projects with total investment capital of USD4.1 billion, about USD1.5 billion of which has been implemented.
Hoang Dinh Phi - Head of Management Board of Van Phong Economic Zone said, in the period of 2016 - 2019, the economic zone has many projects coming into operation with a turnover of about USD1,711 billion (USD427.75 million/year), delivering VND5,238 billion/year to the State budget, and creating jobs for more than 6,000 workers. According to Mr. Phi, the contribution of budget in Van Phong Economic Zone tends to increase and basically meets the goals set out in Resolution 08.
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Specifically, at present, the south of Van Phong has attracted 94 projects, 52 projects of which have been put into operation, and 42 projects have been granted investment certificates and are under construction. The total registered capital in this area reached USD3.57 billion. Some large-scale projects have operated such as Van Phong bonded petroleum depot, Hyundai Vietnam shipyard, etc. Besides, some large projects are under construction such as BOT Van Phong 1 Thermal Power Plant (USD2.58 million), Ninh Thuy Industrial Zone (VND294 billion), South Van Phong general port (VND984 billion)...“Recently, many large corporations continue to study and propose a number of large-scale heavy industry projects in Van Phong Economic Zone. In particular, a number of South Korean and American corporations are researching and proposing investment in gas power complexes and liquefied gas depots with the size of about USD3.5 billion/project. With the current positive changes, it is expected that Van Phong Economic Zone will soon become an industrial center - a large seaport, especially southern Van Phong”, said Phi.
In 2020, Van Phong Economic Zone Management Board will coordinate with the People's Committee of Ninh Hoa town, Van Ninh district and relevant departments and agencies to research, review and formulate a proposal to adjust the general construction planning of Van Phong Economic Zone suitable to the development reality and the new situation to submit to the competent agencies for consideration and approval. The board also proposed the provincial People's Committee to develop and implement a plan to attract large-scale investment projects into the northern Van Phong area; focus on reviewing and resolving procedures to attract potential investors to implement big motivational projects; urge and support investors to soon complete the construction and put the major projects into operation on schedule such as BOT Van Phong 1 Thermal Power Plant, South Van Phong General Port, Northern Van Phong General Port, Ninh Thuy Industrial Zone... to motivate the development of the whole the economic zone.
Van Ky
Translated by T.T
