A corner of Vân Đồn. The Management Board of Vân Đồn Economic Zone was founded and piloted in three years. – Photo congthuong.vn

HÀ NỘI — Quảng Ninh Province late last week announced the foundation of the management board of Vân Đồn Economic Zone (EZ) which would be piloted in three years.

The management board would be a unit under the provincial People’s Committee and perform State management on Vân Đồn EZ as well as provide public services relevant to investment, production and business for investors in the EZ following the established regulations.

Nguyễn Xuân Ký, Chairman of the People’s Council, said that Vân Đồn EZ was regarded as a major growth driver of the northern province, which together with other economic zones would accelerate the province’s transition to green growth model, promote the development of tourism, services, coastal urban areas and efficiency in using land resource.

Ký believed that the management board with streamlined administrative mechanisms would create favourable conditions for investors.

The Government gave the nod to the pilot foundation of Vân Đồn EZ’s Management Board with the Resolution No 102/NQ-CP dated November 14, 2019.

Vân Đồn, together with Vân Phong in Khánh Hòa Province and Phú Quốc in Kiên Giang Province, were identified to be three major economic zones of the country, which would drive regional growth.

Under Vân Đồn’s planning with a vision to 2040 which was approved by the Prime Minister earlier this year, the economic zone was expected to be a marine eco-tourism centre and a hub for international trade. — VNS