Conference seeks to connect economic zones in Central Vietnam

A specific and sufficient regional institution must be developed to effectively connect the economic and industrial zones at the Central Vietnam Key Economic Region, said Assoc. Prof. Dr. Tran Dinh Thien.

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The economic expert made the remarks at a conference on linking the economic and industrial zones at the Central Vietnam Key Economic Region, which was jointly held by the People’s Committee of Thua Thien – Hue province and the Council for the Central Vietnam Key Economic Region in Hue, on May 5.

The event witnessed the presence of ministries, sectors, experts and the leaders of five provinces and cities belonging to the Central Vietnam Key Economic Region including Thua Thien – Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh.

The conference reviewed the development situation of the economic and industrial zones at the Central Vietnam Key Economic Region and analysed the comparative advantages of the region, while discussing solutions to enhance the efficiency of the economic and industrial zones and proposing adjustments for the mechanisms and policies concerned.

Tran Dinh Thien,who is also former Director of Vietnam Institute of Economics and member of the Government Economic Advisory Group, said that the Central provinces have almost the same potential and advantages, thus, each province should create their own new values and advantages to make a difference.

Meanwhile, Huynh The Du, from Fulbright University Vietnam, said that the first thing that is required is to upgrade the infrastructure and services for all central provinces in the region so that the five provinces sharing the same long coastline could jointly invest in the port and logistics industry to serve the region’s economic development.

The Central Vietnam Key Economic Region was established in 2008, accounting for 8.45% of the total area of Vietnam. The region has favourable conditions to form an economic corridor connecting the North and South Vietnam and a gateway of the East-West economic corridor connecting Myanmar, Laos, Cambodia and Vietnam to international maritime routes through the East Sea.