A view of Cái Rồng Port in Vân Đồn Economic Zone. The province’s plan would allocate VNĐ2.4 trillion from the provincial budget during the 2019-25 period to develop the EZ’s infrastructure. Photo enternews.vn HÀ NỘI — The People’s Committee of northeastern Quảng Ninh Province has released a plan to implement Prime Minister Nguyễn Xuân Phúc’s conclusions on the development of Vân Đồn Economic Zone (EZ) that would require more than VNĐ8.35 trillion (US$357.2 million) to expand its infrastructure by 2030. The plan aims to make Vân Đồn an economic hub of Việt Nam and get the city listed as one of the best places to live in the Asia-Pacific region. The provincial budget will allocate VNĐ2.4 trillion in the 2019-25 period for investment into infrastructure. The province has proposed supplementing this with VNĐ2.1 trillion from the State budget. Vân Đồn EZ will also mobilise VNĐ350 billion from land funds and use its State budget collection for re-investment. It was estimated that the State budget collection would be some VNĐ3.5 trillion in the 2026-30 period. Quảng Ninh Province set five key tasks to reach the goals. The priority task was to develop the EZ’s infrastructure including air, road and… Read full this story
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