Located on Vietnam’s east coast and close to international shippinglanes, the Van Phong economic zone is ideally suited for becoming adeepwater port, a container transit port and an international oiltransit port.
The Van Phong bay stretches out to150,000 ha, including 70,000 ha of land and 80,000 ha of water at adepth of between 20-40 metres. It is also convenient for all kinds oftransport services including road, rail, air and sea.
The area is blessed by nature and has a rich ecological diversity,beautiful views, a temperate climate and is the ideal location for amaritime economic complex.
The four year-old economiczone has so far attracted 86 investment projects, with a total capitalof over 15.2 billion USD, of which foreign investors make up 28 percentof the projects and over 87 percent of the investment.
Despite the global economic crisis, since late 2009 Van Phong hasmanaged to keep its major projects on schedule while ensuring thequality of the projects such as the Ninh Thuy nix treatment plan, theVan Phong bonded petroleum warehouse and the Ninh Thuy cementdistribution centre that has an annual output of 500,000 tonnes.
The Van Phong international transit port, a keyinfrastructure project with an investment of over 6.1 trillion VND(323.3 million USD), is well on its way to completion.
In addition, several other projects are taking steps to get theirinvestments licensed such as the Van Phong thermal electricity projectcapitalised at 3.8 billion USD by the Sumitomo Group and the Van Phongoil refinery with an investment of 4.8 billion USD by the PetrolimexGroup in a joint venture with foreign partners.
HoangDinh Phi, the Deputy Head of the Van Phong Economic Zone ManagementBoard, said that the Prime Minister has allowed the economic zone tooffer more incentives for investors in the years to come, especiallythose who are interested in developing the local infrastructure./.
The management board estimates that the economic zone willneed 15 trillion VND from now until 2015 to develop its infrastructureincluding electricity and water supplies, traffic systems and resettlelocal residents.
In 2006, the Prime Minister decidedthat the Van Phong Economic Zone should be developed into amulti-industrial and multi-service economic complex, focusing onindustry, tourism, services and aquaculture. Its population is expectedto hit 400,000 by 2020, including 275,000 in urban areas
The Van Phong bay stretches out to150,000 ha, including 70,000 ha of land and 80,000 ha of water at adepth of between 20-40 metres. It is also convenient for all kinds oftransport services including road, rail, air and sea.
The area is blessed by nature and has a rich ecological diversity,beautiful views, a temperate climate and is the ideal location for amaritime economic complex.
The four year-old economiczone has so far attracted 86 investment projects, with a total capitalof over 15.2 billion USD, of which foreign investors make up 28 percentof the projects and over 87 percent of the investment.
Despite the global economic crisis, since late 2009 Van Phong hasmanaged to keep its major projects on schedule while ensuring thequality of the projects such as the Ninh Thuy nix treatment plan, theVan Phong bonded petroleum warehouse and the Ninh Thuy cementdistribution centre that has an annual output of 500,000 tonnes.
The Van Phong international transit port, a keyinfrastructure project with an investment of over 6.1 trillion VND(323.3 million USD), is well on its way to completion.
In addition, several other projects are taking steps to get theirinvestments licensed such as the Van Phong thermal electricity projectcapitalised at 3.8 billion USD by the Sumitomo Group and the Van Phongoil refinery with an investment of 4.8 billion USD by the PetrolimexGroup in a joint venture with foreign partners.
HoangDinh Phi, the Deputy Head of the Van Phong Economic Zone ManagementBoard, said that the Prime Minister has allowed the economic zone tooffer more incentives for investors in the years to come, especiallythose who are interested in developing the local infrastructure./.
The management board estimates that the economic zone willneed 15 trillion VND from now until 2015 to develop its infrastructureincluding electricity and water supplies, traffic systems and resettlelocal residents.
In 2006, the Prime Minister decidedthat the Van Phong Economic Zone should be developed into amulti-industrial and multi-service economic complex, focusing onindustry, tourism, services and aquaculture. Its population is expectedto hit 400,000 by 2020, including 275,000 in urban areas
