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Van Phong to be developed into coastal EZ by 2025

The central coastal province of Khanh Hoa will develop the Van Phong Economic Zone (EZ) into a coastal one that focuses on multi-sector development, turning it into an economic driving force of the province and the south central region.
Van Phong to be developed into coastal EZ by 2025 ảnh 1At Van Phong economic zone (Photo: Internet)
Khanh Hoa (VNA) – The central coastal province ofKhanh Hoa will develop the Van Phong Economic Zone (EZ) into a coastal one thatfocuses on multi-sector development, turning it into an economic driving forceof the province and the south central region. 

According to an action programme on the development of the VanPhong EZ for the 2021-2025 period, the economic zone is expected to draw atleast 150 trillion VND (6.5 billion USD) in investment, disburse at least 75trillion VND, and contribute about 30-40 percent to the local State budget.

Its industrial – construction value will account for nearly40 percent of the province’s gross regional domestic product (GRDP) whilearound 10,000 jobs will be generated.

The province will focus on adjusting the master plan on theVan Phong EZ, effectively performing polices on investment promotion andinvestor support, pooling capital for key infrastructure in service of itsfunction areas, reforming administrative procedures, protecting the environment,and ensuring national defence-security./.
VNA
#central coastal province of Khanh Hoa #Vietnamplus #Vietnam News Agency #Van Phong Economic Zone #administrative procedures Khanh Hoa
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