Prime Minister approves establishment of Ha Tien border-gate economic zone
Authorities in the southern province of Kien Giang are calling for more investment projects in terms of trade, tourism, services, and technical infrastructure.
Prime Minister Nguyen Xuan Phuc has approved the establishment of the Ha Tien border-gate economic zone (EZ) in the southern province of Kien Giang.
Ha Tien city, Kien Giang province. Photo: baoxaydung |
The EZ, the only of its kind in the province, is expected to lure more local and foreign investors, contributing to promoting the socio-economic development and ensuring the provincial defence and security.
The Ha Tien EZ covers an area of 1,600 ha, including five wards: Phao Dai, Dong Ho, To Chau, Binh San and My Duc.
The economic zone is divided into five functional areas including: the customs-free and industrial zones, the areas for international border-gate, tourism, administration, housing and other functional areas.
With the establishment of the economic zone, the provincial authority is calling for more investment projects in terms of trade, tourism, services, and technical infrastructure and in functional areas.
At the EZ establishment ceremony on April 2 in Kien Giang province, Ha Tien Provincial People's Committee Chairman Le Quoc Anh said: “Ha Tien is expected to make a great economic breakthrough to become a city of culture and ecotourism on a regional and international scale, as well as becoming a key urban area of the Mekong Delta region.”
As of 2020, the EZ has lured 35 foreign-invested projects with a total capital of VND4.4 trillion (US$191 million). Trade turnover through the EZ was US$300 million on average in the 2015-2020 period. Revenues from export-import activities reached VND90 billion (US$3.9 million) annually.
Nguyen Thanh Nhan, Deputy Chairman of the provincial People’s Committee asked the EZ management board to promptly complete the organizational structure for the operation of the EZ, review mechanism, policies and draw up the investment portfolio.
“The Ha Tien border gate economic zone is considered as a truly potential and promising area for the business community and investors. We are committed to always supporting investors here,” Nhan affirmed.
Other News
- FDI in Vietnam on the rise in Q1
- Vietnam takes strong actions to attract semiconductor investment
- Vietnam's favorable factors hold promise for real estate growth
- US urged to recognize Vietnam as a market economy
- MICE tourism: Vietnam's lucrative “golden market” unveiled
- Vietnamese data center market to hit $1.26 billion by 2030
- Vietnam seeks IAEA assistance in training skilled workforce in nuclear energy industry
- Hanoi hosts National Quality Award 2024
- Foreign investors to develop $2 billion chip manufacturing project in Vietnam
- Vietnam receives US$51.5 million from World Bank for forest emission reduction
Trending
-
World Bank looks forward to stronger ties with Vietnam: country director
-
Vietnam news in brief - March 29
-
Hanoi kicks off communication contest on Dien Bien Phu victory
-
French education group Odyssey keen on strengthening cooperation with Hanoi
-
Hanoi, Shanghai strengthen investment cooperation
-
UOB Painting of the Year Award opens doors to the world for Vietnamese artists
-
Grapefruit blossom perfume Hanoi's air
-
MICE tourism: Vietnam's lucrative “golden market” unveiled
-
Vietnam: Sleep Tourism on the rise