13:38 | 14/11/2015 Economy- Society
The Prime Minister has approved a proposal to prioritise eight groups of coastal economic zones (EZs) to receive support from the State budget during the 2016-2020 period.
The Dung Quat oil refinery in the central coastal province of Quang Ngai (Photo: VNA)
The target groups are Chu Lai EZ (Quang Nam central province); Dung Quat EZ (Quang Ngai central province); Dinh Vu and Cat Hai EZs (Hai Phong northern port city); Nghi Son EZ (Thanh Hoa central province); Vung Ang EZ (Ha Tinh central province); Phu Quoc EZ-Nam An Thoi Islands (Kien Giang southern province); Van Don EZ (northern province of Quang Ninh), South Phu Yen EZ (the central province of Phu Yen); and Dinh An EZ (the southern province of Tra Vinh).
Accordingly, the eight groups will receive at least 70% of the total budget funding for each year and for the five-year period of 2016-2020.
The State funding aims to bring into full play the potential of these selected economic zones to contribute to national economic growth as well as drive the development of other economic zones.
In 2016 and 2017, investment will be focused on the completion of the construction of important technical and social infrastructure of the EZs in order to meet the requirements of large scale projects which are being implemented at five economic zones that were selected for investment in the 2013-2015 period.
Meanwhile, between 2018 and 2020, investment will be granted to newly selected EZs including Van Don EZ (northern province of Quang Ninh), South Phu Yen EZ (the central province of Phu Yen), and Dinh An EZ (the southern province of Tra Vinh).
Coastal economic zones with a newly added focus in the period 2016-2020 include Nam Phu Yen economic zone (Phu Yen), Van Don economic zone (Quang Ninh) and Dinh An economic zone (Tra Vinh)./.