TheVân Phong economic zone has so far attracted 101 projects with a totalregistered capital of over US $13 billion, of which 37 projects beganoperation.
The construction site of the international container transit seaport in Vân Phong Economic Zone – Photo: VGP
Vân Phong and five other industrial parks, namely Suối Dầu, Nam Cam Ranh, Bắc Cam Ranh, Ninh Thủy, and Vạn Thắng, form the driving force for socio-economic development of the central province of Khánh Hòa as well as the Southern Central Region.
The economic zone management board has offered a number of preferential policies to lure investments into the EZ.
Accordingly, investors have to pay a corporate tax of 10% in the first 15 years of operation. This corporate tax level is especially fixed for high-tech projects.
The Vân Phong economic zone groups an international container transit seaport, a petroleum-chemistry complex, an electricity center, a petroleum industrial service section, an urban area and other facilities.