Nhơn Hội Economic Zone announces expansion plans

Nhơn Hội Economic Zone in the central province of Bình Định is growing. 

The area will expand by more than 2,300ha, the provincial People's Committee have announced.

The announcement ceremony was held on September 5 in Quy Nhon City

The zone is divided into eight functional subzones covering tourism, urban, trading and service and industrial park areas.

Prime Minister Nguyễn Xuân Phúc approved the decision to increase the economic zone from 12,000ha to 14,308ha.

The zone will expand to the Phương Mai peninsula.

The new expansion will cover the Becamex Industrial Park and Becamex Urban Area while most of the Phương Mai peninsula will be used for tourism, service and urban development.

A new administration centre, training facility, high school, hospital and sports centres will all be built to service the zone.

Chairman of Bình Định People's Committee Hồ Quốc Dũng said: "The zone is planned as a multi-sector economic zone with the focus on tourism, services, industry, ports, renewable energy and fisheries."

He added it will be one of the major economic development hubs and international attractions in the centre of Việt Nam.

Dũng asked the management board to review and detail designs for the new plans, especially in the Thị Nại Lagoon subzone, where they will develop as a conservation area to preserve the lagoon mangroves ecosystem, as well as develop it into a sustainable eco-tourism model.

Located in the coastal province of Bình Định, the zone is 5 km from Quy Nhơn City and 300 km from Đà Nẵng.

Nhơn Hội Economic Zone has attracted 81 investment projects with a total capital of nearly VNĐ58,000 billion (US$2.49 billion), including $339 million from foreign companies.

Source: VNS

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