A road project from Van Yen Commune’s resettlement area to eastern Cai Bau island park in Quang Ninh Province’s Van Don economic zone. (Photo: VNA)
Hanoi (VNA) –Deputy Prime Minister Vuong Dinh Hue has askedministries, agencies and localities to build strong institutions to help Van DonSpecial Economic Zone retain investors, businesses and visitors.
He made the request during his recent visit to the northerncoastal province of Quang Ninh’s Van Don island district toinspect constructions.
Van Don has attracted nearly 2 billion USD of domestic and foreign investors tobuild infrastructure in the past few years.
Van Don Airport’s construction of a 3,600-metre runway has been almost finishedafter two years of construction. According to Sun Group, the project investor,the international airport is expected to be operational in the first quarternext year.
Apart from airports and logistics port, Sun Group also invests in resorts andentertainment areas.
Visiting Van Don, the Deputy Prime Minister emphasised the island’s uniqueposition and its role in the development of the northern region.
This area is located in the area of Vietnam - China economic cooperation, aspart of the Gulf of Tonkin inter-regional cooperation and can also be a bridgebetween ASEAN and China.
Van Don also has potential to build deep-water ports, which are located in HaiPhong-Quang Ninh-Fangcheng (China) international port complex.
Despite being an isolated island, Van Don is connected with the Red River Delta(National Highways 10 and 18) and the northwest through Lang Son and southernChina.
Hue also asked ministries, Quang Ninh province and investors to coordinate in researchingand making full use of the economic values of Van Don.
He also asked them to study the experience of building special economic zonesin other countries in the fields of management, financial service provision,economics, tourism and cultural services with high quality and diversity toattract businesses and tourists.
The Deputy PM also asked investors to ensure the progress of approved works andprojects to quickly bring into play the value of Van Don when the Law onSpecial Administrative-Economic Zones is passed by the National Assemblylater this year.
Conditional businesses in special administrative-economic zones
The Ministry of Planning and Investment is consulting ministries and sectors onthe list of conditional businesses in specialadministrative-economic zones.
The list includes 69 conditional businesses in special administrative-economiczones.
Domestic and foreign investors and people are not free to do business in thesezones but must meet certain conditions.
There are some typical industries such as duty-free shops, petrol and oil,gold, money printing, foreign exchange and electricity.
Conditional businesses include rice exports, multi-level sales, airports, urbanrailways, pipeline transport, fisheries, telecom services and pay TV.
Other conditional businesses are discotheques, karaoke; national relicspurchase; minerals mining and exploring; water resource exploitation and useservices; seal manufacturing, domain name registration and those related tonational security.
The Ministry of Planning and Investment has submitted to the Government a draftlaw on special administrative-economic units.
In this draft, the ministry proposed a series of mechanisms to attractinvestment and foreign experts to live and work in the Phu Quoc economic zone.
Other special economic zones such as Van Don (Quang Ninh) and Van Phong (KhanhHoa) also have preferential policies.-VNA
VNA
