The Vietnam government is planning to develop Quang Ninh Province’s Van Don economic zone (EZ) into a dynamic economic hub with a focus on tourism, as well as the production of high-quality products and services. An international trade center for the region will also be developed in the EZ, as part of the construction planning of the EZ until 2040 approved by Prime Minister. The plan covers the development of industry, services, tourism, office buildings, housing, healthcare, education, culture and sports in order to meet the needs of the EZ and surrounding areas
As per the plan, the EZ is expected to reach Gross Regional Domestic Product (GRDP) of USD 1.98 billion and GRDP per capita of USD 12,242 in 2030, which would be four times higher than the expected level in 2020 and create jobs for 106,000 people. The provincial People’s Committee has estimated that the Van Don EZ will require investment of around USD 70.2 billion by 2050. This investment will be sourced from the State budget, the private sector and foreign direct investment.
Relevant ministries and agencies have been tasked with evaluating topographic features, climate, hydrology and geology, along with the natural and tourism resources of Van Don and its surrounding regions. An evaluation of the technical and Environmental Infrastructure, including transport, water and electricity supply, waste water drainage and solid waste treatment, is also planned, along with an assessment of the socio-economic development, covering factors such as population development, occupational structure and employment rate and problems caused by urbanization.
(Source: Vietnam News)