Business
Prime Minister approves plans for a new economic corridor
The Prime Minister has approved plans for a new economic corridor through 2020, vision to 2030, connecting northern Lang Son province, Hanoi, HCM City and the Moc Bai Border Gate Economic Zone in southern Tay Ninh province.
The corridor will form the framework for the national infrastructure system in collaboration with other corridors and economic systems.
Besides, it aims to boost socio-economic development in the related provinces and the broader vicinity.
Particularly, by 2020, the route is expected to gain some 200-220 billion USD, accounting for 70 percent of the total national GDP, and contain 80 percent of the national urban population.
The corridor also targets to receive between 49-50 million tourists, including about 9-9.5 international arrivals, earning 15-16 billion USD.
According to these approved aims, total trade revenue will account for 85 percent of the total North-South corridor, about one third of the national trade value.
Priorities will be given to building a comprehensive infrastructure system with a focus on transport, trade and tourism, and economic zones; training high-quality human resources in conjunction with developing and applying science and technologies; improving administrative procedures; and enhancing the business climate.
Besides, it aims to boost socio-economic development in the related provinces and the broader vicinity.
Particularly, by 2020, the route is expected to gain some 200-220 billion USD, accounting for 70 percent of the total national GDP, and contain 80 percent of the national urban population.
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According to these approved aims, total trade revenue will account for 85 percent of the total North-South corridor, about one third of the national trade value.
Priorities will be given to building a comprehensive infrastructure system with a focus on transport, trade and tourism, and economic zones; training high-quality human resources in conjunction with developing and applying science and technologies; improving administrative procedures; and enhancing the business climate.
