Coastal economic zones have been established continuously in recent years, because they are believed to help attract investors, thus helping develop local economies. However, the achievements gained by the zones remain far below the expectations. The coastal economic zones cover 730,000 hectares of land and water surface. However, only 10 percent of the zones have [...]
Experts have warned that the competition would be stiffer when the tax incentives applied to the enterprises in industrial zones (IZs) and export processing zones (EPZ) are removed by early 2012. Under the Vietnam’s WTO’s commitments, Vietnam will have to remove the corporate income tax incentives from January 1, 2012. This has raised a big [...]
With their own advantages, the dynamic economic zones are becoming attractive destinations for investors. Located in the intersection of the borders of Vietnam, Cambodia and Laos and one of five provinces in Tay Nguyen (the Central Highlands), which is not far from dynamic economic zones in the central region, Kon Tum Province is an important [...]
The development of industrial parks and export processing zones in HCMC over the past 20 years has proved a success as these concentrated zones have served as the driving force that helped transform the local economy, said the top official in charge of such zones. Vu Van Hoa, director of HCMC Export Processing and Industrial [...]
In the 8 years since its establishment, Chu Lai Open Economic Zone has attracted many local and foreign investors, developing production and business activities. Local livelihoods and economic structure have undergone big change. Chu Lai Open Economic Zone has been the driving force for socio-economic development and the industrialization of Quang Nam province. Comparative advantage [...]
A lot of provinces and cities are planning to open new economic zones to attract more investments. Meanwhile, experts have pointed out that the movement of establishing economic zones should be seen as a threat rather than a joy. More and more economic zones drawn up In September 2008, the Prime Minister approved the master [...]
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