Vietnam is improving management over economic zones (EZ) nationwide, and intensifying investment in developing their infrastructure, local newspaper Vietnam News reported Friday.

According to the Finance Ministry, the country will unify management boards of industrial parks, border gate EZs, hi-tech zones to create a new model of EZ management, and mobilize around 1 billion U.S. dollars from different sources to develop infrastructure of nine EZs from now to 2010.

Vietnam currently has nine EZs, including Nghi Son, Vung Ang, Chan May-Lang Co, Chu Lai, Dung Quat, Nhon Hoi, Van Phong, Phu Quoc Island, and Nam An Thoi Island, which have so far attracted 300 domestic and foreign-invested projects with combined capital of 10 billion dollars.

The 27,000-ha Chu Lai Open Economic Zone in central Quang Nam province alone has lured 120 projects totaling 1.4 billion dollars.

Source: Xinhua