Nhon Hoi EZ: Actively Calling for Investment into Key Projects

Nhon Hoi EZ is currently considered a driving force for the economic development of Binh Dinh Province. A major advantage of this EZ is the diversity of traffic types available, from Quy Nhon international seaport, roads such as Highway 1A and Highway 19, the Thong Nhat railway to Phu Cat Airport with many direct flights from Hanoi to Ho Chi Minh City and vice versa daily. In comparison with many other EZs, the infrastructure construction of Nhon Hoi EZ is highly appreciated, fully qualified to support projects in a variety of sizes and investment sectors.

 

 Mr Man Ngoc Ly, Head of Management Board of Economic Zones of Binh Dinh province, said that so far, Nhon Hoi EZ has basically finished land use planning, mapped out the detailed plan of using land for non-tariff zone, industrial parks, seaports, tourist areas and its new urban area. At the same time, Nhon Hoi EZ Board of Management implements land clearance compensation of a project area of above 2,200 hectares. Industrial parks in the economic zones have been basically built and are able to attract manufacturing projects.

Lately, Binh Dinh province has focused on implementing the project of building a road from Quy Nhon city to Nhon Hoi EZ (located on Phuong Mai Peninsula) with the Thi Nai Bridge, 2,500 metres in length, being the highlight. Besides, due attention is paid to other traffic projects on retracing routes, widening the province’s road 635 from Phu Cat airport straight to the north area of the EZ, and building a new road named DT 639 from the EZ along the coast to the north area of the province. Those projects have basically addressed the outbound traffic of the EZ. Currently, Nhon Hoi EZ is served by Quy Nhon seaport cluster, eight kms away from the EZ and one of the ten major seaport clusters of the country, with facilities for 3,000-tonne ships and currently approved by the Ministry of Transport to be invested in flow dredging to be available for 5,000-tonne ships.

 

Inner infrastructure of the EZ has also gradually completed. In the EZ, there is a 5 kilometre road from Hoi Thanh to Nhon Ly, linking Nhon Ly commune with its neighbouring area, a mountain route connecting Nhon Hoi and Nhon Hai, and a main road (in phase one) in the North-South direction, 80 meters wide and 15 kilometres long, running through main functional areas of the EZ.

 

Up to now, Nhon Hoi EZ has attracted 36 investment projects with registered capital of VND33,520 billion, 9 of which are foreign invested, with total registered investment capital of US$522 million. In 36 projects issued investment certificate, eight have come into operation; others are in the phase of basic construction. In 2012, it is expected that two more projects will come into operation. The total capital of those projects is estimated to be around VND2,237 billion. In the EZ, 13 projects have rented 62.08 hectares, and four manufacturing projects have come into operation.

 

Additionally, some large-scale projects have been approved to invest in the EZ including a refinery and petrochemical project with the capacity of 30 million tonnes per year and invested capital of US$21.5 billion, a pigment titan manufacturing project with the capacity of 50,000 tonnes per year and invested capital of US$ 200 million and project investing in Tan Thanh tourism zone which covers an area of 80 hectares with invested capital of VND1,600 billion.

Mr Man Ngoc Ly said that to accelerate the building of essential infrastructure and enhance the ability to attract investment into Nhon Hoi EZ, in the time to come, it is critical that Binh Dinh province’s authority focus on building infrastructure, especially Nhon Hoi general seaport, promote investment and create favourable conditions for big economic groups to attract investment so that other enterprises follow suit.