Quy Nhon City in the south-central province of Binh Dinh will hold a ceremony March 31 to announce Prime Minister Nguyen Tan Dung’s decision to recognize Quy Nhon as a National First Class City.
The event will also mark the 35th anniversary of Binh Dinh’s provincial independence.
Quy Nhon has recently become a key economic area in the south-central region with the establishment of the Nhon Hoi Economic Zone in 2005 and Thi Nai Port in 2006. Living conditions in the area have also greatly improved, said Mr. Dinh Ba Loc, former deputy secretary of the Provincial Party Committee.
Binh Dinh is focusing on attracting more investment capital for the Nhon Hoi Industrial Park, which now has 28 projects with total capital of more than VND24 trillion (US$120 million). There are five are foreign investment projects worth a total of $364.7 million.
According to head of the Management Board of Binh Dinh Economic Zone, Man Ngoc Ly, Nhon Hoi Economic Zone will be developed into a general multi-field economic zone with its own operation regulations.
It will comprise a non-tariff zone, industrial zone, seaport service zone, and tourist and new urban areas operating under a special incentive mechanism to help Binh Dinh become a key economic region of central Vietnam.
Nhon Hoi Economic Zone will create jobs for thousands of people and change the province’s economic structure into one of industrialization and modernization.
The province will also focus on extending its export market and enhancing technology and advanced management skills to contribute to the local budget and improve people’s living standards.
Chairman of the Quy Nhon City People’s Committee, Thai Ngoc Bich, said the city is focusing on building Quy Nhon into a modern, civilized and green city.
The local government will carry out projects of Bui Thi Xuan, Phu Tai and Long My industrial parks, while roads linking the city to new urban areas will be built, he added.
In 1986, Quy Nhon Town was enlarged and recognized as a city of Binh Dinh Province. It received the title of “National Second-Class City” in 1998.
This year’s honor is seen as a step towards further development of the city in becoming a major economic area in the south-central region.
