corridor plan approved
Minister has given the go ahead to develop the economic corridor with China.
|Workers build generator
No 1 of Quang Ninh thermo-electric plant. The Prime Minister has
approved a plan to develop the economic corridor in Quang Ninh Province.
— VNA/VNS Photo Nguyen Dan
HA NOI — Prime Minister
Nguyen Tan Dung has approved a plan to develop the economic corridor of Lang Son
– Ha Noi – Hai Phong – Quang Ninh to 2020.
The development of the
corridor was based on shared viewpoints between Chinese and Vietnamese leaders,
for the development of "two corridors, one economic belt" between Viet
Nam and China, with further orientation to link with other ASEAN and European
According to the PM’s
decision, the development of this corridor falls within Viet Nam and China’s
shared economic and trade co-operation framework. The agreement was drawn based
on the principle of mutual benefit, and that the development will not impact the
investment environment, co-operation and relations of each country with other
The project aims to raise
the GDP of cities and provinces in the corridor to 1.2-1.4 times higher than the
average national level. Other goals are to raise the total import-export
turnover via the corridor by more than 20 per cent annually to US$2 billion in
2010, $4.5-5 billion by 2015 and more than $10 billion by 2020.
There will be three pairs
of international border gates, four pairs of main border gates between Viet Nam
and China, and 13 pairs of border markets along the Viet Nam-China border.
An economic co-operation
zone between the cities of Dong Dang in Viet Nam and Pingxiang in China is
included in the plan, along with an entrepot in Bac Giang Province.
Ha Noi will be developed
as an international city, functioning as the capital city for Viet Nam’s
projected 100 million residents, and a key economic centre of the corridor.
Hai Phong will be
developed as an important port city in the corridor.
A six-lane expressway
linking Ha Noi with Huu Nghi Quan border gate in Lang Son Province will be built
at an estimated $1.4 billion.
A highway linking Noi Bai
international airport with Ha Long City is also included in the plans, at a
length of 114km.
Pha Lai port will be built
as a vital port in the corridor’s waterways.
The deep-sea port of Lach
Huyen in Hai Phong is set to be built this year, with a planned annual capacity
of 25 million tonnes by 2010 and 40 million tonnes by 2020.
To boost trade
liberalisation along the economic corridor, the two countries will implement a
pilot model of "one time customs clearance" at the Huu Nghi border
The "two corridors,
one economic belt" between Viet Nam and China has been in development at
the initiatives of the two countries’ leaders since May 2005.
The economic belt includes
Hai Phong City and Quang Ninh Province in Viet Nam and Hainnan Province and
Guangxi Zhuang Autonomous Region in China.
The two economic corridors
are the Kunming (China) – Lao Cai – Ha Noi – Hai Phong – Quang Ninh
corridor, and the Nanning (China) – Lang Son – Ha Noi – Hai Phong –
Quang Ninh corridor.
The "two corridors,
one economic belt" model has opened a new development direction for
economic and trade co-operation between the two countries, taking advantage of
exports from both sides. These include rubber, fisheries, fruits and vegetables,
coal, crude oil and furniture from Viet Nam and petrol, products to serve
agriculture, steel, and equipment from China. — VNS