Quang Yen Economic Zone located in the northern province of Quang Ninh has been approved to be added to Vietnam's coastal economic zones development planning to 2020.

Quang Yen Economic Zone will take up 13,000 hectares
Quang Yen Economic Zone (EZ) will be implemented according to regulations, ensuring that it will not impact the environment, national safety and defense, as well as the forest and the lives of local people.

According to the plan, Quang Yen EZ will cover an area of 13,000 hectares with the industrial zone having two functional areas, one for urban residences and high-tech areaand one for the sea port, related services, and Dam Nha Macarea.

This economic zone is expected to become a trade hub, a cradle for startups thanks to a constellation of advantageous factors, including its geographicial location, infrastructure, and skilled human resources, among others.

It will seize the opportunities arising in trade and investment, connecting Haiphong and Quang Ninh with partners in Northeast Asia once the transport infrastructure is completed.

Quang Ninh People’s Committee is in charge of developing synchronous infrastructure both inside and outside of Quang Yen EZ to create linkages and create motivation for the growth of Quang Ninh province and the key economic zone in the north.

Thanks to the Halong-Haiphong Expressway and Bach Dang Bridge, Quang Yen is now an attractive destination for large-scale real estate projects.

For example, Vingroup plans to develop the VND165 trillion ($7.17 billion) Halong Green project. Covering on an area of nearly 3,200 hectares, it would consist of 55,300 properties for both residential and commercial purposes, as well as schools and parks. The construction was expected to be implemented in 10 years from 2019 until 2029.

In addition, Amata Group from Thailand is investing $155 million in Song Khoai Industrial Park (IP) in the province. Covering an area of 714ha in Quang Yen commune, the project implementation will be divided in five phases with the duration of 50 years. Work on the first phrase of the IP began in late 2018 and is set to finish this year. The investor has implemented the land clearance for the second and five phases.

Regarding the planning to develop Vietnam’s coastal economic zones, after Decision No.1353/QD-TTg on the planning of Vietnam’s coastal economic zones up to 2020 was approved, the country established 18 coastal economic zones and initially achieved significant results, making contributions to its economic development.
Source: VIR
Asia Legal is one of the leading business law firms in Vietnam, providing creative and practical solutions for navigating both legal and commercial practices with local insight. At Asia Legal, we combine deep local knowledge with international standards of expertise to provide local and international clients with quality advice and consultancy services in a wide range of practice areas including: 
• Employment & Labour               • M&A                                               • Dispute Resolution               • Inward Investment
• Outward Investment                   • International Trade                 • Mining & Energy                    • Property & Construction
• Legal Retainer                                • Legal Training                            • Debt Collection                      • Legal Corporate Secretary

For more information, please contact us at info@asialegal.vn or via our Hotline/ Whatsapp/ Viber/ Telegram/ Line/ Wechat/ iMessage: +8484 400 8484 


Hanoi Head Office
7th Floor, Rural Today Newspaper Building, Lot E2, Duong Dinh Nghe Road, Yen Hoa Ward, Cau Giay District, Hanoi, Vietnam

Ho Chi Minh City
No 4, Nguyen Thi Minh Khai Road, Da Kao Ward,
District 1, Ho Chi Minh City, Vietnam

Quang Ninh
3B Cluster, 1 Quarter, Hong Ha Ward, Ha Long City, Quang Ninh Province, Vietnam

Hotline | Whatsapp | Viber | Telegram | Line

Wechat | iMessage : (+84)84 400 8484

Email: info@asialegal.vn

Tel: (+84) 24 2269 3399

Twitter Feed

For more details, please visit our website: http://yEHl7j6doC Asia Legal Business Law Firm #asialegal... http://u9fjoKDduz
For more details, please visit our website: http://yEHl7j6doC Asia Legal Business Law Firm #asialegal... http://Fw5VTHgkez
Follow GBS on Twitter

Asia Legal is a Vietnamese full service business and legal consulting firm providing creative and practical solutions for navigating both legal and commercial practices with local insight.