The Vân Đồn economic zone (EZ) in northern Quảng Ninh Province will be developed into a dynamic economic hub with a focus on tourism development and production of high-quality products and services and an international trade centre for the region.
Vân Đồn Economic Zone in northeastern Quảng Ninh Province needs US$70.2 billion by 2050 for its investment demands, according to the provincial People’s Committee.
The northern coastal province of Quảng Ninh has emerged as a magnet for foreign investors in recent years thanks to its youthful population, favourable business climate and administrative reforms.
Quảng Ninh Province’s local authorities requested the suspension of land use conversions and land transfers in Vân Đồn District until the National Assembly adopts the Law on Special Administrative Economic Zones later this month.
The Vân Đồn Economic Zone Authority has asked the People’s Committee of Vân Đồn district and investors to stop commissioning new projects, adjusting project plans and applying for investment.