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 economic zone offers cash for brokering investments
A central Vietnamese province has offered cash bonuses to anyone who brokers investments into the Chu Lai Open Economic Zone (EZ). Quang Nam authorities said Monday a top rate of VND200 million (US$12,491) would be paid for projects involving an investment of $20 million. For investments of $1 to 5 million, it would be VND30 million. They are seeking investments in sectors like shipbuilding and maintenance, construction materials, consumer goods, and electronics. Another central province, Thanh Hoa, became the pioneer when it offered commissions for investment in the Nghi Son EZ, where Japan’s Idemitsu Kosan plans to build the country’ second oil refinery at a cost of $5.25 billion. Bonuses are expected to become a trend nationwide to attract investments. The 18,000-ha Chu Lai, established in 2002, has seen good response from domestic and foreign investors, according to its management. It has so far licensed 58 projects with a total registered capital of $531 million. … [Read more...] about Vietnam economic zone offers cash for brokering investments
Dung Quat EZ targets to attract US$13 billion
According to the plan, the economic zone’s realized capital and the budget collection are estimated to reach some US$8 billion and over VND16 trillion respectively in the next three years, Vietnam News Agency reports. The economic zone is also expected to create jobs for around 20,000 people with an industrial production value growth of 17-18% per year. Quang Ngai Province will boost the investment to make Dung Quat a multi-disciplinary economic zone, with petrochemical refining, chemical, engineering, shipbuilding and ship repair as key industries. Besides, the economic zone will focus on better tapping Dung Quat Deep-water Port and Chu Lai Airport. Dung Quat will also be developed into an industrial, urban and service center of the central key economic region with Van Tuong, Doc Soi urban areas and other satellite urban areas. In addition, Dung Quat is regarded as one of the important international trading hubs of the central and Central Highlands regions. To achieve … [Read more...] about Dung Quat EZ targets to attract US$13 billion
Worthy awards given to best candidates at eZ – Talk
Two winners of the competition “Talk Easy English with eZ – Talk” were recently awarded full scholarships by the organizing board. The first was Nguyen Thi Ngoc Hien from HCMC who received a 4-week scholarship for an academic tour to Canada. The second was Le Quyen Anh, also from HCMC, who received a 3-week scholarship for an academic tour to Australia. In addition, the organizing board also gave a semi-scholarship academic tour to Australia, and two full scholarships to learn English at the English Center of the National Foreign Languages University and the Vietnam Citymart English Center in Vietnam. Before the competition, 5,000 applications had been either sent to the organizing board by mail or submitted online at its website www.eZ-Talk.vn. Director of the Smart Technology City and Education Joint-Stock Company, the competition’s organizer, Luong Thi Thu said, “It was an honor for the company to hold the competition and we will continue to hold … [Read more...] about Worthy awards given to best candidates at eZ – Talk
Legislators urges review of EZ plan
National Assembly policymakers agreed that the Government should temporarily stop establishment of the nation's economic zones and border economic zones in Vietnam due to poor results. Vietnam has so far established 15 EZs and 18 border EZs. The Standing Committee was told that more than 50 billion USD had been invested in 15 economic zones in the past 20 years. However, reports on what economic results have been achieved were still limited, according to Finance and State Budget chairman Phung Quoc Hien. The Ministry of Planning and Investment (MPI) report said that the 15 economic zones covered more than 660,000ha. It estimated that their total turnover was about 8 billion USD and exports valued at nearly 800 million USD. The zones provided jobs for 30,000 people and contributed about 1 billion USD to the State budget by the end of 2011. "From my point of view, investment in this field is too dispersed and creates weak development," said Hien. "That's why the Government … [Read more...] about Legislators urges review of EZ plan