The government gives priorities to the coastal EZs with key projects totaling at least VND20 trillion (US$1.12 billion). It will also pour more investments to develop infrastructure at the coastal EZs in remote and disadvantaged areas. State budget capital will also be injected to assist major transport projects, site clearance, construction of houses for workers and waste treatment systems in the EZs. Vietnam aims to develop 15 coastal EZs by 2020, including 10 in the central region, two in the north and the rest in the south. (VoV) … [Read more...] about Vietnam PM OKs State Budget Priority for Coastal EZs
Ez vietnam
Vietnam considers allowing foreigners building houses for business
VietNamNet Bridge - Some legal problems would arise if Vietnam allows foreign institutions (Viet Kieu, or overseas Vietnamese) to build houses in Vietnam for business (leasing, trading). The Ministry of Construction and the National Assembly's Economics Committee have begun making examination over the draft of the amended real estate trade law which would be put into discussion at the 26th National Assembly's session slated for March 10-14, 2014. The most important provision of the amended law is that foreign institutions are allowed to build houses for lease or sale. Foreigners build houses, Vietnamese grant ownership certificates building houses for sale, lease 2) leasing houses for re-leasing 3) building technical infrastructure works on leased land for lease, and 4) leasing the land with technical infrastructure works for re-leasing. What will happen, if the draft law is ratified, then? Though Viet Kieu individuals and institutions can spend money to build houses for sale … [Read more...] about Vietnam considers allowing foreigners building houses for business
Kon Tum EZ makes breakthroughs in investment attraction
(VEN) - The Kon Tum economic zone is becoming an investment attraction center and has some positive influence on the provincial socioeconomic development. Vietnam Economic News' Huynh Hai had an interview with Nguyen Trong Hao, the Head of the provincial management board of the economic zone. Can you tell about the developments of investment attraction into the Kon Tum economic zone recently? … [Read more...] about Kon Tum EZ makes breakthroughs in investment attraction
Shipping biggie to build $185 mln port in central Vietnam
State-run Vietnam National Shipping Lines received a license Thursday to build a VND3 trillion (US$185 million) port complex in the central region. Vinalines, as the company is commonly known, plans to develop the Van Phong Port in Khanh Hoa province’s Van Phong Economic Zone (EZ) into a state-of-the-art international facility with two berths to accommodate vessels of 6,000 to 9,000 TEUs (twenty-foot-equivalent units). Work is expected to start on the project in the first quarter next year and be completed in 2010 when it will have the capacity to handle 700,000 tons of goods annually. Van Phong Port plays a crucial role in the economic zone of the same name covering 150,000ha of land and water surface in the bay. Van Phong bay is an international transshipment point close to international sea lanes to Europe, North Asia, Australia and East Asia. Shipments from southern China and ASEAN countries can transit there if shippers want to reduce shipping time and expenses. Other … [Read more...] about Shipping biggie to build $185 mln port in central Vietnam
MPI doesn’t want to have more EZs
The Ministry of Planning and Investment (MPI) believes that the expansion or development of more economic zones (EZ) needs to be considered thoroughly together with the human resource development strategy, the development potentials and the national benefits. MPI has clearly expressed its viewpoint that it does not expect to have more EZs, right on the threshold of the national conference reviewing the 20 years of EZ building and development, slated for today, February 17. Number of EZ increasingly high, achievements modest The idea of developing coastal EZs was initiated in 1997. The fourth Congress of the Party Central Committee in the year laid out the policy on building some EZs and free trade areas in a trial basis in some coastal localities. After that, Chu Lai EZ, the first coastal EZ in Vietnam was established in 2003. In 2008, the Prime Minister released the Decision No 1353 approving the plan on developing coastal EZs in Vietnam by 2020, which says that Vietnam … [Read more...] about MPI doesn’t want to have more EZs