Prime Minister (PM), Nguyen Tan Dung has selected eight key coastal economic zones (EZs) to receive priority investment for development from the state budget in the 2016-2020 period.

Specifically, the 8 EZs include group of Chu Lai in Quang Nam and Dung Quat in Quang Ngai, Dinh Vu – Cat Hai in Hai Phong, Nghi Son in Thanh Hoa, Phu Quoc in Kien Giang, Vung Ang in Ha Tinh, Southern Phu Yen in Phu Yen, Van Don in Quang Ninh and Dinh An in Tra Vinh.

Vung Ang EZ in Ha Tinh

Accordingly, a minimum of 70 percent of the total state budget for coastal EZs in the next five years (from 2016 to 2020) would be invested in these coastal EZs, focusing on developing the infrastructure system.

For the 2016-2017 period, the investment and development will be aimed at completing important technical and social infrastructure of EZs with the target of meeting the requirements of large-scale projects in five key coastal EZs which were chosen in the 2013-2015 period.

For 2018-2020, the focus will move towards additional coastal EZs in the 2016-2020 period, including Southern Phu Yen, Van Don and Dinh An.

The government assigned the Ministry of Planning and Investment to collaborate with the Ministry of Finance to map out the budget allocation plans as well as the policies and incentives for raising capital from other economic sectors.

He also required the provincial People's Committees and EZs' management boards to be active in raising funds outside the State budget to invest in the development coastal EZs' infrastructure./.

( Compiled by VNF )