Key border gate economic zones selected for development

Road to the Cha Lo border gate economic zone in central Ha Tinh province, one of the nine border gate economic zones selected to get investments sourced from the State budget for development in 2016-2020. (Source: Internet)

Hanoi (VNA) – Nine border gate economic zones have been chosen by the Prime Minister to get investments sourced from the State budget for development during 2016-2020.

Those border gate economic zones are Mong Cai, Dong Dang, Lao Cai, Cao Bang in the northern provinces of Quang Ninh, Lang Son, Lai Cai and Cao Bang; Cau Treo, Cha Lo and Lao Bao in the central provinces of Ha Tinh, Quang Binh and Quang Tri; and Moc Bai and An Giang in the southern provinces of Tay Ninh and An Giang.

The PM said that 70 percent of the total budget allocated for border gate economic zones in annual and 2016-2020 plans should be focused on these nine border gate economic zones.

The Ministry of Planning and Investment (MPI) will coordinate with the Ministry of Finance to build annual and five-year plans on allocating the budget to the border gate economic zones as regulated with priorities on urgent projects.

The MPI was assigned to supervise the use of investment capital from the state budget from 2016-2020 for the selected key border gate economic zones, and report any problems that may arise to the PM.

Provinces and centrally-governed cities were asked to give investment priority to selected key border gate economic zones and utilize budget effectively as regulated, while calling on localities to seek other resources for infrastructure projects.

Earlier, the PM agreed to choose 8 key coastal economic zones for development with funding from the state budget from 2016-2020.-VNA