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Persepective of Van Don EZ planning.
(Photo: halonginvest.gov.vn) |
(CPV) - Prime Minister (PM) Nguyen Tan Dung has signed a decision on specific policies for the northern province of Quang Ninh and its Van Don Economic Zone (EZ).
Establishing a State financial investment company
Specifically, the PM allowed the Quang Ninh provincial People’s Committee to set up a State financial investment company to mobilize capital to build important socio-economic infrastructure on the basis of Ho Chi Minh city’s State Financial Investment Company. The provincial People’s Committee was assigned the task of developing a plan for it’s establishment to submit it to the PM for approval.
PM Dung also asked the provincial People’s Committee to develop a plan to submit to him for his consideration on developing the Viet Hung Industrial Zone (IZ) into a special IZ on the IZ models in Hai Phong city and Ba Ria – Vung Tau province.
Quang Ninh is to be supported with capital from the central budget and other legal capital sources for key investment projects during the 2015-2020 period such as road construction linking Ha Long city to the Hanoi-Hai Phong highway, the Ha Long - Van Don - Mong Cai expressway, the Hai Ha seaport and the Ha Long bay and Bai Tu Long bay environment protection projects.
The province is prioritized to mobilize and attract ODA capital, preferential lending capital from sponsors for socio-economic investment and development and environment projects in the province such as Ha Long bay environment protection project and urban development project along the corridor of the Greater Mekong Sub-region.
Quang Ninh also considers investment assistance under the Public-Private-Partnership (PPP) for some important infrastructure projects in the province.
Specific policies for Van Don EZ
The PM decided to add the EZ into the list of coastal EZs group to focus on investment and development from the central budget during the 2013-2015 period.
Apart from special investment treatment under the current regulations, Van Don EZ is applied specific policies such as prioritizing the mobilization of ODA capital for some important infrastructure projects in the EZ and being supported with less than 50% of reciprocal capital for each ODA project by the central budget.
Infrastructure investment projects such as the Van Don airport, Van Don information and technology infrastructure and Van Don international hospital were considered appropriate to receive capital assistance from the state budget, government bonds and ODA sources.
Van Don EZ was permitted to re-borrow the government’s foreign loans to realize the seaport and wharf projects which are invested in from the local budget./.