Bắc Vân Phong will be one of the first three special administrative economic zones in Việt Nam. The others are Vân Đồn in the northern province of Quảng Ninh and Phú Quốc in southern Kiên Giang province. — Photo cafef.vn
Viet Nam News
HÀ NỘI — Khánh Hòa Province’s People’s Committee Chairman Lê Đức Vinh has signed a document to suspend the conversion of land use purposes and land transfers in Vạn Ninh District.
The district is set to become Bắc Vân Phong special administrative economic unit.
As per the document, Vinh has assigned the Department of Natural Resources and Environment to assume the primary responsibility and coordinate with relevant departments in carrying out the suspension.
The suspension will be effective until the general planning for the construction of Bắc Vân Phong special administrative economic zone is approved by a competent State agency.
According to the report of Vạn Ninh District People’s Committee, land violations and hike in land prices are on the rise in the region even as investors look towards its future economic zone status. In the first quarter of this year, the locality received and resolved more than 2,250 cases of transfers of land use rights, equal to 65 per cent of the total number of records processed in 2017.
Bắc Vân Phong will be one of the first three special administrative economic zones in Việt Nam. The others are Vân Đồn in the northern province of Quảng Ninh and Phú Quốc in southern Kiên Giang Province.
Prior to this, the local authorities of Quảng Ninh and Kiên Giang provinces also requested the suspension of land use conversions and land transfers in Vân Đồn and Phú Quốc until the National Assembly adopted the Law on Special Administrative Economic Zones later this month. — VNS