The National Assembly and Government are seeking suitable measures to speed up the development pace of Vung Ang economic zone and other industrial and economic zones nationwide.
The National Assembly and Government are seeking suitable measures to speed up the development pace of Vung Ang economic zone and other industrial and economic zones nationwide, affirmed NA Chairman Nguyen Sinh Hung.
NA Chairman Hung made the statement at a working session with managers, engineers and workers at Vung Ang Economic Zone, in Ky Anh district of central Ha Tinh province on May 2.
The zone’s management board proposed the NA pass a law on building and developing economic zones, and the Government issue preferential mechanisms to encourage investment in hi-tech and clean technology industries.
For his part, NA Chairman Hung asked investors, management board and local authorities to be more active in surmounting difficulties to speed up the implementation of projects, to bring them into operation soon.
Located on the North-South traffic axis and the East-West Economic Corridor, the Vung Ang Economic Zone now accommodates 153 enterprises with a total registered capital of more than 16 billion USD. A number of projects that are operational include the Son Duong Formosa steel and seaport complex, the 1,200MW Vung Ang 1 thermal power plant. Several large scale projects are completing investment procedures, such as 12.47 billion USD oil refinery and a 5 billion USD steel plant.-VNA