Quang Ninh calls for investments in Mong Cai EZ

Mong Cai border gate - Illustrative image (Source: VNA)

The northern province of Quang Ninh is calling for investment in its Mong Cai border gate economic zone, which has 40 projects in transport infrastructure, culture, trade-service, health-education, electricity, industry, agriculture and the environment.

Speaking at an investment promotion conference on October 8, Secretary of Mong Cai city’s Party Committee Nguyen Xuan Ky said that owning both border lines on sea and land, the Mong Cai EZ has a strategic geopolitical and geo-economic position, and acts as one of the important bridges boosting cooperation between Vietnam and ASEAN and Northeast Asia.

It also holds great potential in developing production, tourism, trade and transportation service, he added.

When investing in the EZ, enterprises will enjoy incentives applied for extremely difficult socio-economic areas such as land rent land and costs for wastewater treatment facility construction.

They will also receive assistance in technology transfer and product advertisement in the province’s websites.

Under the development plan, the zone covers a total area of more than 120,000 hectares in Mong Cai city and Hai Ha district. It borders China in the north, and the East Sea in the south-east.

It is set to become an important pole that drives economic progress in Vietnam's northern region and along the coast of the Gulf of Tonkin. It will also link with China's Kunming economic corridor.​

Comprehensive development of road and seaway infrastructure is necessary to achieve the goal. Facilities for healthcare, education and other fields such as electricity, water and the environment also need to be upgraded.-VNA