The Prime Minister has signed off on the establishment of Thai Binh Economic Zone (Thai Binh province), which has a large area coverage of over 30,000 hectares.
Thai Binh Economic Zone (EZ) is a coastal one, with a natural area of 30,583 hectares comprising 30 communes, one town in Thai Thuy district, Tien Hai district and the adjacent coastal area.
The functional zones in Thai Binh EZ include Thai Binh Electricity Center, industrial parks, port and port services, tourist and entertainment resorts, aquaculture and coastal protection forests, residential area, and administrative area.
The development goals of Thai Binh EZ focus on unlocking labor potential, land fund, electricity power and natural gas to become a multidisciplinary economic zone and commercial links with the Red River delta and other parts of the country.
Thai Binh provincial People's Committee is also urgently selecting consultants to carry out the planning and proposing investment-attracting incentives to the Prime Minister.
According to the report of the Ministry of Planning and Investment, so far, 16 coastal economic zones have been established with the total area of 815 thousand hectares. By 2020, economic zones are expected to attract around 1,500-2,000 projects, 60% of which are foreign investment projects with the total registered capital of US$70-80 billion.
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