In just three years since its inception, the southern key economic zone in the south-central province of Ninh Thuan has become a powerhouse, attracting major investments and propelling local development.
With a series of seaport infrastructure projects being implemented in the Southern Key Economic Zone, the seaport industry is promising in attracting more foreign investment.
Provinces and centrally-run cities in the Southern Key Economic Zone are now more selective in attracting foreign direct investment (FDI) by giving priority to high-tech, environmentally-friendly and less labour-intensive projects.
With appropriate strategies, open policies, promoted administrative reform, and upgraded transport infrastructure, Long An province is considered a bright spot in attracting investment in industrial development in the Southern Key Economic Zone and the Mekong Delta region.
Ho Chi Minh City is speeding up procedures to start the construction of key traffic works at gateways by the end of the year, according to the municipal Department of Transport.
While transport infrastructure in Ho Chi Minh City and provinces in the Southern Key Economic Zone has improved over the years, connectivity remains modest, hampering development, experts say.
A ceremony was held at Tac Suat Terminal in HCM City’s Can Gio district on January 4 to officially launch a ferry service between the southern economic hub and Vung Tau city, the capital of neighbouring Ba Ria-Vung Tau province.
Weak regional connectivity across land, air and sea has hampered the growth of the southeastern region of Vietnam. Economists believe for the region to develop, it needs to change its mind set and strategy.
Industrial parks in Dong Nai province in the gateway of the southern key economic zone have been preparing for an influx of foreign direct investment (FDI).
The Southern Key Economic Zone needs specially tailored policies to attract large amounts of foreign direct investment and improve linkages between localities to ensure sustainable development, experts have said.
Most industrial parks in the country, including in the southern key economic zone, lack housing for workers, said Phan Van Anh, Vice President of the Vietnam General Confederation of Labour.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on June 14 asked the European Union (EU) partners to help the city develop urban infrastructure, especially railway routes and Ben Thanh underground shopping centre.
The southern key economic zone needs to set forth a long-term vision and outline mechanisms and policies to develop in a strong and sustainable manner, maintaining its locomotive role in national socio-economic development, Prime Minister Nguyen Xuan Phuc has said.
Prime Minister Nguyen Xuan Phuc chaired a conference on the development of the southern key economic zone on May 6 in Bien Hoa city, the southern province of Dong Nai.
The Southern Key Economic Zone needs special policies to attract foreign direct investment (FDI) and improve linkages between localities to ensure sustainable development, experts have said.
Vietnam has seen positive signs in attracting foreign direct investment (FDI) in the remaining months of 2018 as a number of international investors are seeking to expand their businesses in the southern key economic zone.
The Southern Key Economic Zone needs more robust policies and mechanisms for attracting resources and FDI and enhancing linkages between localities to develop faster and sustainably.
Ho Chi Minh City’s industrial production index tended to stall, up only 6.07 percent in the four months this year compared to 7.09 percent one year earlier.
Ho Chi Minh City is likely to achieve export value of 35.2 billion USD this year, a 15.1 percent increase from last year, and imports of 43.1 billion USD, a 13.2 percent rise.
