The PM just gave nod to the establishment of the Long An Border-gate Economic Zone (BEZ) in the southern province of Long An.
The BEZ covers an area of 13,080 ha in Moc Hoa Town and seven communes of Binh Hiep, Binh Tan, Thanh Tri (Hamlet 1), Binh Hoa Tay (Hamlets Binh Tay 1 and 2), Tuyen Binh, Thai Binh Trung, and Vinh Binh (Hamlet 1 and 2).
The establishment of the Long An BEZ is a move to implement the planning scheme on the development of BEZs in Vietnam to 2020, which was approved by the PM on April 25, 2008.
Under the plan, by 2015, Vietnam has four new BEZs, namely Long An (in Long An Province), A Dot (in central province of Thua Thien Hue),Nam Can – Thanh Thuy(in central province of Nghe An) and Na Meo (in central province of Thanh Hoa).
Between 2016 and 2020, three other BEZs will be founded - La Lay, Dak Per and Dak Rue, which are all located in the Central Region.
The main purpose of the plan is to convert BEZs into economic driving forces for local development. Through these BEZs, Vietnam expects to earn US $42-42 billion from cross-border trade and welcome 7.8-8 million turns of tourists by 2020.
