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Decision of Thái Bình economic zone's establishment announced

Update: January, 04/2018 - 11:00
A corner of Thái Bình City. The Thái Bình Economic Zone covers an area of 31,000ha. — Photo bizlive.vn
Viet Nam News

THÁI BÌNH — The People’s Committee of Thái Bình Province on January 3 announced the Prime Minister’s decision on the establishment of the Thái Bình Economic Zone. 

The Thái Bình Economic Zone covers an area of 31,000ha in 30 communes and one town in the districts of Thái Thụy and Tiền Hải. 

It is one of 17 economic zones in Việt Nam, which functions as both an industrial cluster and coastal service-trade-urban area. Investors in the zone will receive incentives in line with the Government’s policy. 

Speaking at the decision announcement ceremony, chairman of the provincial People’s Committee Nguyễn Hồng Diên said this was a very important event, marking the first step in the formation and development of the Thái Bình Economic Zone. 

Once operational, the zone will capitalise on the potential of the local workforce, land and natural gas resources, and convenient transport networks, he noted. 

The zone is expected to contribute significantly to the province’s socio-economic development in the future. 

A steering committee for the construction of the Thái Bình Economic Zone will be set up and led by chairman of the provincial People’s Committee Nguyễn Hồng Diên. 

Also, at the ceremony, the establishment of a management board for economic zones and industrial parks of Thái Bình Province was declared, with vice chairman of the provincial People’s Committee Phạm Văn Ca being appointed as its head. — VNS

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