Prime Minister Nguyen Xuan Phuc is Head of the NSC, Standing Vice Prime Minister Truong Hoa Binh is Standing Vice Head, while Chairman of PCC Commission for Organization Pham Minh Chinh and Vice Chairman of NA Uong Chu Luu are two Vice Heads. NSC standing members are Minister of Planning and Investment Nguyen Chi Dung, and Minister of Home Affairs Le Vinh Tan. A corner of Van Don district, Quang Ninh province A corner of Bac Van Phong in Van Ninh district, Khanh Hoa province A corner of Phu Quoc island in Kien Giang provinceAlmost Ministers, Vice Ministers and heads of agencies of the Government, the Communist Party of Vietnam, and the NA are NSC members. According to this Decision dated January 11th, 2018, the Steering Committee is responsible for guiding and coordinating all important interdisciplinary tasks (relating to special administrative-economic zones) which are controlled by the Government and the Prime Minister. The NSC executing agency is the Ministry of Planning and Investment, while the assisting team is composed by representatives from the Ministries of Planning and Investment, Home Affairs, Justice, the Government Office, and some relevant agencies. The State budget will cover the NSC operation, allocating from the annual estimate of the Ministry of Planning and Investment in accordance with regulations of the Law on State budget. So far, the Draft Law on special administrative – economic unit has been completed by the Ministry of Planning and Investment, being proposed to consider and approve by the NA in the… [Read full story]
Van Phong Bay, a large and deep bay in Vietnam, covers 46,000 ha including water surface and coastal land. With a depth of 20 to 25 meters, it is one of the best natural bays in Southeast Asia which has potential to become an international transit hub. Van Phong Bay has the most beautiful beaches in Vietnam boasting potential for tourism development.The Van Phong Economic Zone was established in 2006 on an area of 150,000 hectares with 70,000 ha on the mainland and remainder being water surface. The Van Phong Economic Zone has an international container transit port, oil refinery,…... [read more]
Speaking at the 2017 M&A Forum organised in HCM City on August 10 by the Vietnam Investment Review, Minister of Planning and Investment Nguyen Chi Dung said the Special Administrative Economic Zone Law is expected to create a proper legal framework for the three zones in Van Don (Quang Ninh Province), Van Phong (Khanh Hoa Province) and Phu Quoc (Kien Giang).It aims to create a new development model with breakthrough policies and mechanisms meant to improve the investment environment and make Vietnam competitive in attracting investment.The zones will only have an administrative committee and no people’s council, and the people’s…... [read more]
The province is proposing the government apply incentives in taxes, land, and immigration and special administration model in the zone. Van Don together with Bac Van Phong and Phu Quoc are the three special zones piloted by the government. So far, Quang Ninh province has attracted US$1.5 billion in infrastructure investment. By early next year, Quang Ninh Airport, Van Don luxury resort, Bach Dang bridge, and the Hai Phong-Ha Long and Ha Long Van Don expressways are expected to be operational. Nguyen Van Thanh, Vice Chairman of the Quang Ninh Provincial People’s Committee, said Quang Ninh has proposed 75 specific policies for Van…... [read more]
The plans have to be submitted before April 3 to accelerate the creation of the Law on Special Administrative and Economic Zones.Binh said the plans should have specific policies and mechanisms that are divided into categories of land use, immigration, finance-banking, infrastructure development sectors.The provinces should have proposals on policies to help develop their strengths, prevent competition with each other and be attractive to regional and international investors.On December 12, 2016, the Government promulgated Resolution No 103/NQ-CP, agreeing in principle to establish three special administrative economic zones in Van Don (in the northern province of Quang Ninh), Phu Quoc (in…... [read more]
(VOVworld) - A special mechanism making Phu Quoc island an administrative-economic unit topped a working session on Tuesday of the Party Central Committee's Economic Commission and the authorities of Vietnam's southwestern region, Kien Giang province, and Phu Quoc district. Situated in the centre of Southeast Asia, Phu Quoc has advantages in marine and air transportation for countries around the region and beyond. It also holds a strategic position in national defence and security. The Prime Minister in 2010 approved the revised master development plan for Phu Quoc until 2030. Under this plan, Phu Quoc island will become a special administrative-economic…... [read more]
