A view of Cai Rong port in the Van Don Economic Zone (Photo: enternews.vn) Hanoi (VNA) – The People’s Committee of northeastern Quang Ninh Province has released a plan to implement Prime Minister Nguyen Xuan Phuc’s conclusion on the development of Van Don Economic Zone (EZ) that would require more than 8.35 trillion VND (358.2 million USD) to expand its infrastructure by 2030. The plan aims to make Van Don an economic hub of Vietnam and get the city listed as one of the best places to live in the Asia-Pacific region. The provincial budget will allocate 2.4 trillion VND in the 2019-2025 period for investment into infrastructure. The province has proposed supplementing this with 2.1 trillion VND from the State budget. The Van Don EZ will also mobilise 350 billion VND from land funds and use its State budget collection for re-investment. It was estimated that the State budget collection would be some 3.5 trillion VND in the 2026-2030 period. Quang Ninh province set five key tasks to reach the goals. The priority task was to develop the EZ’s infrastructure including air, road and waterway transport systems and tourism infrastructure. The plan proposed studying expanding the annual capacity… Read full this story
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