Three SEZs too many for Vietnam, conference told

Vietnam should not try to build three special economic zones (SEZs) at once, but should hold a test run of one first, a leading lawyer and delegate to a National Assembly conference said.

“If we develop all three zones at once and mistakes are made, it would be difficult to undo them,” Truong Trong Nghia was reported by local media as saying.

Vietnam is planning to establish three SEZs, which are Van Don in northern Quang Ninh Province, Bac Van Phong in central Khanh Hoa Province, and Phu Quoc in the southern Kien Giang Province.

Two major IR projects are planned for two of the zones, Van Don and Phu Quoc. They were also the two sites chosen to hold a three-year trial period for allowing local Vietnamese to gamble.

Earlier this week, local media reported that proposed tax incentives for casinos and gaming companies in the zones were viewed as too generous and may be scaled back.