Promoting the development of Van Phong Economic Zone

Recently, the Standing Committee of Khanh Hoa Provincial Party Committee issued a preliminary report summarizing 3 years of implementing Resolution No. 05 of the Provincial Party Committee on developing Van Phong Economic Zone (EZ) for the period 2021 - 2025. In addition to evaluating the results, the Provincial Party Standing Committee also gave directions and tasks for developing the economic zone in the coming time.

Creating growth poles

According to Le Hong Phuong - Deputy Head of the Management Board of Van Phong Economic Zone, after 3 years of implementing Resolution No. 05 of the Provincial Party Committee, Van Phong Economic Zone has attracted 5 new projects and adjusted to increase capital for 11 projects with total registered capital of more than 25,158.7 billion VND, reaching 16.8% of the resolution’s target; realized capital is nearly 48,395.6 billion VND, reaching about 65% of the resolution’s target; delivering about 8,703 billion VND to the province’s budget revenue; industrial and construction production value reached about 48,813 billion VND, 14% higher than the resolution’s target.

The general planning adjustment project for the construction of Van Phong Economic Zone has been approved. Up to now, 11 out of 19 functional subdivisions have been approved by the provincial People's Committee and the provincial People's Council, and the remaining subdivisions continue to receive attention and implementation. Northeast Ninh Hoa Urban Area, Ninh Hai Industrial Zone, Southeast Ninh Phuoc Tourist Area and a number of other functional areas... are being adjusted and updated in plannings. Transport infrastructure in the Northern Van Phong area is invested synchronously.

Northern Van Phong

During this period, the province has built specific mechanisms and policies to develop Van Phong Economic Zone. Thereby, many large-scale projects have been attracted, for example, Van Phong BOT Thermal Power Plant Project (409ha, total capital of about 2.58 billion USD) has completed construction and been in operation since January 2024, total capacity of 1,320MW, expected to contribute about 1,000 billion VND/year to the local budget. The infrastructure construction and business investment project of Ninh Thuy Industrial Zone (207.9 hectares, capital of 294.7 billion VND) has also attracted 25 investment projects with a total registered capital of 113 million USD.

In addition, the provincial People's Committee has organized many investment promotion conferences in fields with a focus on attracting investment to Van Phong; signed 11 memorandums of understanding, increasing the total investment capital in the economic zone to about 76,000 billion VND. Currently, the infrastructure investment and construction project on Doc Da Trang Industrial Zone (total capital of about 1,807 billion VND) has been approved by the Prime Minister for investment policy; 3 key projects in the North Van Phong area with a total capital of about 70,000 billion VND have been submitted by investors to implement investment policy approval procedures.

To become the economic pillar of the province

In order to make Van Phong Economic Zone a pillar for the province's socio-economic development in the future, the provincial Party Standing Committee aims to strive to complete the criteria set out in Resolution No. 05. Specifically, new capital registered to invest in the economic zone for the period of 2024 - 2025 reaches about 125,000 billion VND, raising the total capital to 150,000 billion VND; minimum disbursed capital has increased by 27,000 billion VND, contributing to budget revenue in the economic zone from 30 to 40%; industry - construction value accounts for about 40% of the province; creating stable jobs for about 10,000 workers. At the same time, the province strives to build and develop Van Ninh district to become a high-class coastal tourism urban area; Ninh Hoa town becomes an industrial urban area according to the orientation of Resolution No. 09 of the Politburo on construction and development of Khanh Hoa province until 2030, with a vision to 2045.

A part of Southern Van Phong

According to Nguyen Khac Toan - Permanent Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council, in order to promote the achieved results and strive to complete the goals of Resolution No. 05, party committees and local authorities at all levels, relevant agencies and units need promote propaganda and thoroughly grasp the implementation of the resolution and further raise awareness of officials, party members, people, and the business community about the role, position, and scope of the resolution. The importance of developing Van Phong Economic Zone for the province's socio-economic development, contributing to the successful implementation of the Resolution of the 18th Provincial Party Congress, term 2020-2025. In particular, the Party Committee of the Provincial People's Committee need lead the Provincial People's Committee to direct agencies, units and localities to continue to review and effectively implement tasks and solutions, determined to best complete the goals. The goals and targets set out in Resolution No. 05 are consistent with the practical situation of the province; direct relevant departments, branches, branches and localities to coordinate closely with the Van Phong Economic Zone Management Board to carry out state management work; review and complete specialized plans, speed up the progress of completing zoning planning to have a basis to attract investment. At the same time, it’s necessary to proactively work with investors who have signed memoranda of understanding, support and guide the preparation of investment proposal documents as soon as zoning plans are approved and accelerate investment policy approval procedures; impulse promotion work, seek strategic investors, focus on priority industries in Van Phong.

In the direction and tasks of the coming time, the provincial Party Standing Committee also proposed to completely complete the site clearance work, speed up the progress of infrastructure construction, and soon put Ninh Thuy Industrial Zone into operation in 2024, creating conditions to attract secondary projects, contributing to increasing new investment capital. In particular, it is necessary to speed up the progress of transport infrastructure investment in the economic zone, focus on implementing key priority public investment projects in the period 2023 - 2025 according to the resolution of the provincial Party Committee, and complete procedures to soon start construction of the coastal road from Van Luong commune, Van Ninh district to Ninh Hoa town and upgrade and expand main traffic routes. In addition, it’s necessary to soon upgrade and expand the resettlement areas of Vinh Yen, Xom Quan... and pay attention to compensation, support, resettlement, site clearance, especially job change for people affected by the project…

Dinh Lam
Translated by T.T