Jan 11, 2019 / 15:20
Vietnam to expand Nghi Son economic zone for further trade with Thailand, Laos
The operations of expanded Nghi Son will favor the investment, trade, and tourism of Vietnam’s northern central region with northern Laos and Thailand’s northeast.
Vietnam has decided to expand Nghi Son Economic Zone by six folds to 106,000 hectares with an aim to connect the country’s northern central region with Laos and Thailand and other regions to bolster trade.
The expansion, which will be carried out until 2035 and vision to 2050, aims to make Nghi Son a multi-sector economic zone mainly focusing on heavy industry and primary industry.
The expanded zone will include 66,497 ha of land and island, and 39,502 ha of water surface.
With sizable investment in Nghi Son seaport, coastal roads, expressways, railway stations, and logistics centers in addition to special-mechanism operations, the zone is expected to give a boost to Thanh Hoa province and the northern central region.
Once upgraded, the Nghi Son port will be capable of handling ships of 70,000-100,000 DWT.
Established in 2006, the Nghi Son economic zone, which covers the entire Tinh Gia district and part of several nearby districts of Thanh Hoa, is designed to become a general economic zone to drive up the growth of the northern economic triangle Quang Ninh – Haiphong – Hai Duong and the export.
The zone also focuses on petrochemical industry as it includes the Nghi Son oil refinery, which costs an investment of US$9 billion from a consortium of Vietnamese, Japanese, and Kuwaiti companies.
Panorama of Nghi Son Economic Zone. Photo: VNS
|
The expanded zone will include 66,497 ha of land and island, and 39,502 ha of water surface.
With sizable investment in Nghi Son seaport, coastal roads, expressways, railway stations, and logistics centers in addition to special-mechanism operations, the zone is expected to give a boost to Thanh Hoa province and the northern central region.
Once upgraded, the Nghi Son port will be capable of handling ships of 70,000-100,000 DWT.
Established in 2006, the Nghi Son economic zone, which covers the entire Tinh Gia district and part of several nearby districts of Thanh Hoa, is designed to become a general economic zone to drive up the growth of the northern economic triangle Quang Ninh – Haiphong – Hai Duong and the export.
The zone also focuses on petrochemical industry as it includes the Nghi Son oil refinery, which costs an investment of US$9 billion from a consortium of Vietnamese, Japanese, and Kuwaiti companies.
Other News
- Vietnam starts construction of US$432 million expressway to China
- US-based Rosen Partner to invest in world-class entertainment complex projects in Vietnam
- Vietnam among top investment destinations for SEA investors
- Vietnam, China intensify cooperation on green growth, digital economy
- Foreign capital set to dominate Vietnam’s M&A landscape
- Vietnam looks to support FDI firms as global minimum tax looms
- Factors unlocking Vietnam’s potential in FDI attraction: HSBC
- Samsung to invest US$1 billion annually in Vietnam
- Opportunity at hand: Leveraging global minimum tax for FDI attraction
- Thai bank acquires Vietnamese finance company
Trending
-
Book series about General Giap released in five foreign languages
-
Vietnam news in brief - April 23
-
Hanoi tourism sector struggles with rising airfares
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen
-
Hanoi street where dead appliances come back to life