Ceremony announces establishment of new economic zone in Kien Giang
A corner of Ha Tien city (Source Tienphong.vn)
A ceremony was held in Ha Tien city in the Mekong Delta province of Kien Giang on April 2 to announce the establishment of the Ha Tien Border-Gate Economic Zone, the province’s only economic zone.Established under a decision from Prime Minister Nguyen Xuan Phuc on August 5, 2020, the 1,600-ha economic zone ps five communes - Phao Dai, Dong Ho, To Chau, Binh San, and My Duc.
It consists of seven areas, including duty-free, tourism, administrative, residential areas, an industrial park, and the Ha Tien International Border Gate, which leads to the Prek Chak International Border Gate on the Cambodian side, and service areas.
Speaking at the event, Chairman of the Ha Tien city’s People’s Committee Le Quoc Anh said he expects the new economic zone will increase the city’s attractiveness among both domestic and foreign investors and fuel the development of industry, services, tourism, and infrastructure in surrounding areas.
Ha Tien Border Gate (Photo VNA)
It should pave the way for the expansion of the population along the shared border with Cambodia, in order to foster economic, cultural, and defence-security exchanges between the two countries and boost Ha Tien’s economic growth, he said.
Investors will be given exemptions from import duties and reductions on a number of taxes and fees, for example land lease and land use fees and corporate taxes, when setting up base at the Ha Tien Border-Gate Economic Zone.
The economic zone has so far attracted 35 projects worth close to 4.4 trillion VND (191.5 million USD) in total./.
Related News
A lot of room for growth in the potential for Vietnam - Rok financial cooperation
10:05 | 12/03/2024 Finance
Solutions for safe international trade transactions
11:23 | 27/01/2024 Import-Export
Fiscal policy expansion to bolster economic revival
14:35 | 09/11/2023 Finance
Kien Giang: Smuggling is still potentially complicated
14:37 | 02/09/2023 Anti-Smuggling
Latest News
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
More News
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export
Be proactive and flexible with production materials
09:02 | 17/04/2024 Import-Export
Cooperate to build leading and "rich in vitality" state-owned enterprises
08:59 | 17/04/2024 Import-Export
Garment & textile sector tries to keep growth momentum
14:16 | 16/04/2024 Import-Export
Businesses capitalize on recovery momentum to explore market expansion
10:01 | 16/04/2024 Import-Export
Access to the Chinese market is increasingly convenient
15:12 | 15/04/2024 Import-Export
China, US, Japan – largest importers of Vietnam’s fishery products in Q1
15:04 | 15/04/2024 Import-Export
Vietnam’s agricultural products appeal to foreign customers
15:03 | 15/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Your care
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export