HomeBusiness US $50 billion for the Development of the Tonkin Gulf Coastal Economic Belt till 2020
US $50 billion for the Development of the Tonkin Gulf Coastal Economic Belt till 2020
Friday, 06 March 2009
On March 4th, the Vietnam’s
Government Office issued Degree No. 34/2009/QĐ –TTg approving a development
plan for the TonkinGulf Coastal Economic
Belt till 2020.
The Decree lays out the main targets and methods on how to
organize the economic belt, directions for the development of economic sectors,
and transportation routes and solutions on how to carry out the development
plan.
The forecasted needed capital for the plan of US $50 billion will be primarily
invested in building infrastructure projects, helping attract investment, setting
up economic zones, including the Mong Cai Bilateral Special Economic Zone,
building the Lach Huyen, Hai Ha and Van Gia Ports and the Van DonAirport
and creating tourist, recreational and other service areas.
