Ho Chi Minh City is developing its first special economic zone in thesouth of the city, encompassing districts 7, Nha Be and part of BinhChanh and Can Gio with a focus on marine economy.
The specialeconomic zone covers the Hiep Phuoc Port, Phu My Hung urban area,industrial parks and other new urban areas, according to Hoang Minh Tri,deputy head of HCM City Research and Development Institute.
Thespecial economic zone would help fully tap the potential of the area tomeet the city's economic development, especially the sea economy.
Undera master plan to develop the city until 2020 with a vision to 2025,approved by the Prime Minister, the city will be developed in fourdirections: East, West, South and North, with a focus on the south andeast where busy seaport and logistics activities take place.
Theeconomy will be developed based on a service-industry-agriculturestructure, with priority given to finance, insurance, trade, transport,warehousing, port services, postal and telecommunications, informationtechnology, communications and real estate.
Le Hoang Quan,Chairman of HCM City's People's Committee, said the special economiczone was a new model and one of the major projects to support the city'ssustainable development for 2016-2020 with a vision to 2030.
The city needs an investment of about 470 billion USD in the next decade to implement the plan.-VNA
The specialeconomic zone covers the Hiep Phuoc Port, Phu My Hung urban area,industrial parks and other new urban areas, according to Hoang Minh Tri,deputy head of HCM City Research and Development Institute.
Thespecial economic zone would help fully tap the potential of the area tomeet the city's economic development, especially the sea economy.
Undera master plan to develop the city until 2020 with a vision to 2025,approved by the Prime Minister, the city will be developed in fourdirections: East, West, South and North, with a focus on the south andeast where busy seaport and logistics activities take place.
Theeconomy will be developed based on a service-industry-agriculturestructure, with priority given to finance, insurance, trade, transport,warehousing, port services, postal and telecommunications, informationtechnology, communications and real estate.
Le Hoang Quan,Chairman of HCM City's People's Committee, said the special economiczone was a new model and one of the major projects to support the city'ssustainable development for 2016-2020 with a vision to 2030.
The city needs an investment of about 470 billion USD in the next decade to implement the plan.-VNA
