Petrochemical industry development planned to boost central region’s economy

The central key economic zone will focus on petrochemical industry development making it one of the region’s industrial mainstays and the country’s largest petrochemical industry centers, according to an overall socioeconomic plan approved by Prime Minister Nguyen Tan Dung.

A corner of Da Nang City (Photo: SGGP)

In the plan by 2020 with visions by 2030, the central key economic zone comprises five provinces and cities Thua Thien-Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh.

They have significant position in socioeconomic development strategies, national defense and security to the central region and the Central Highlands.

Petrochemical industry development will contribute in speeding up the central region’s industrial restructuring, according the plan.

The central key economic zone will gather its resources to build up potential industries with sea advantages such as mechanics and shipbuilding, and boost support industry, processing, textile and garment, and footwear and leather.

Electronics and information technology will be gradually promoted to assist other industries’ development.

The central key economic zone will quickly and sustainably develop to motivate growth in the north central and central coastal regions, and become an important seaside gateway to the Central Highlands, Vietnam-Laos-Cambodia Triangle Area and the East-West Economic Corridor.

Large industrial hubs will be established in Quang Nam, Quang Ngai and Binh Dinh Provinces.

By Phan Thao – Translated by Hai Mien

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