Thursday, June 26, 2014

Northern key economic zone to become industrial zone by 2020 — TalkVietnam

Northern key economic zone to become industrial zone by 2020

(VOVworld) – The northern key economic zone will become an industrial zone by 2020. The goal was stated in a master plan on regional socio-economic development published in Hanoi on Wednesday. The northern key economic zone includes 2 sub-regions, the Hanoi capital sub-region and the coastal sub-region.

The master plan targets industrial development integrated with science-technology. Under the plan, centers for research, design, manufacturing, and testing of new products will be built to create high-quality products able to compete with products of developed countries.



The northern key economic zone expects to become an industrial zone by 2020. (Photo: VOV)
The northern key economic zone expects to become an industrial zone by 2020. (Photo: VOV)
Deputy Minister of Planning and Investment Dang Huy Dong said: “The master plan is based on statistics and regional and local development potential. Each city and province faces its own challenges which will have to be overcome to make the plan a success.”

The plan presents recommendations on funding, technology, human resources, markets, products, regional cooperation, small and medium-sized enterprises, and agricultural development. It is expected that the per capita income in the northern key economic zone will reach 5,500 USD per year by 2020
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