Dung Quat economic zone. Photo: baoquangngai.com.vn

(CPV) – Prime Minister (PM) Nguyen Tan Dung has approved five coastal economic zones for investment and development from the state budget during the 2013-2015 period.

The five coastal economic zones which were named in Document 1231/TTg-KTTH include the economic zone group of Chu Lai in Quang Nam Province and Dung Quat in Quang Ngai, Dinh Vu – Cat Hai in Hai Phong Province, Nghi Son in Thanh Hoa Province, Vung Ang in Ha Tinh Province and Phu Quoc Island and the group of islands to the South of An Thoi in Kien Giang.

The PM directs the Ministry of Planning and Investment to preside over and coordinate with relevant agencies to continue to follow assistance from the state budget for the investment and development of infrastructure in the five coastal economic zones with a minimum rate of 65 percent of the total assistance source under both the annual plan and the three-year plan (from 2013 to 2015).

The Ministry of Planning and Investment will keep track of the implementation of the project, “checking and establishing selection criteria for some coastal economic zones to attach importance to investment and development from the state budget for the 2013-2015 period.” The implementation of the project is expected to be completed in the fourth quarter of 2015.

So far, Vietnam has about 15 coastal economic zones. Some coastal economic zones attracted heavy industrial projects in the fields of mechanics, petrochemistry and thermo-electricity, contributing to local socio-economic development as well as speeding up the development of the sea-oriented economy./.