On April 28 the Government approved a ten year master-plan for island economies, to increase their annual growth rate to 14-15 percent by 2020.
The scheme calls for an estimated investment of 162.5 trillion VND (over 8.5 billion USD) to increase their contributions to the national economy to 0.5 percent, up from the current 0.2 percent.
The sum, including 51.8 trillion VND (nearly 2.75 billion USD) for the 2010-15 period, will be invested in ports, roads, electricity and water supply systems, communications and general social infrastructure.
Along with this financial investment, the Government has also pledged to take steps to complete legal frameworks, develop human resources, speed up the application of scientific and technical advances and increase feasibility surveys and scientific research.
The islands’ master-plan focuses on Phu Quoc island in the south-western province of Kien Giang, Con Dao in the southern province of Ba Ria-Vung Tau, Van Don and Co To-Thanh Lan islands in the northern province of Quang Ninh, Cat Ba-Cat Hai in Haiphong and Ly Son and Phu Quy in the respective central provinces of Quang Ngai and Binh Thuan.
“The scheme will target islands located in a favourable geographic position and with great economic potential, to create breakthroughs in marine and island economy development, helping boost the national economy,” emphasised the Prime Minister in decision 568/QD-TTg.
It is also aimed at turning them into bases strong enough to defend the nation./.
The scheme calls for an estimated investment of 162.5 trillion VND (over 8.5 billion USD) to increase their contributions to the national economy to 0.5 percent, up from the current 0.2 percent.
The sum, including 51.8 trillion VND (nearly 2.75 billion USD) for the 2010-15 period, will be invested in ports, roads, electricity and water supply systems, communications and general social infrastructure.
Along with this financial investment, the Government has also pledged to take steps to complete legal frameworks, develop human resources, speed up the application of scientific and technical advances and increase feasibility surveys and scientific research.
The islands’ master-plan focuses on Phu Quoc island in the south-western province of Kien Giang, Con Dao in the southern province of Ba Ria-Vung Tau, Van Don and Co To-Thanh Lan islands in the northern province of Quang Ninh, Cat Ba-Cat Hai in Haiphong and Ly Son and Phu Quy in the respective central provinces of Quang Ngai and Binh Thuan.
“The scheme will target islands located in a favourable geographic position and with great economic potential, to create breakthroughs in marine and island economy development, helping boost the national economy,” emphasised the Prime Minister in decision 568/QD-TTg.
It is also aimed at turning them into bases strong enough to defend the nation./.
