- It is one of the eight key coastal economic zones of Vietnam. The total natural area is 22,781 hectares, located within the administrative boundaries of four wards: Vung Ang, Hoanh Son, Song Tri, and Hai Ninh; with a planned expansion to nearly 73,000 hectares.
- Transportation connections:
Road transport: connecting North and South via National Highway 1A, North-South Expressway, and coastal road; connecting the East-West economic corridor via National Highway 12C.
Railway: approximately 70 km from Chu Le station. In the future, it will connect to the Vung Ang – Vientiane (Laos) railway line.
Seaport: Vung Ang - Son Duong international deep-water port complex with a natural depth of -20 to -22 meters, capable of receiving ships with a deadweight tonnage of up to 350,000 DWT.
Airports: Approximately 80 km from Dong Hoi Airport (Quang Tri); approximately 120 km from Vinh Airport (Nghe An).
- Currently, there are 154 projects (including: 97 domestic investment projects with a registered capital of VND 202,592 billion, and 57 foreign investment projects with a total registered capital of USD 16,402.3 million); over 1,300 businesses and approximately 25,600 workers.
- Some large-scale projects include: Formosa Ha Tinh Iron and Steel Complex and Son Duong Port (total investment of over 12.7 billion USD), Vung Ang I Thermal Power Plant (total investment of over 1.2 billion USD), Vung Ang II Thermal Power Plant (total investment of 2.2 billion USD), North Central LNG Terminal (total investment of over 26,000 billion VND), Vung Ang III LNG Thermal Power Plant (total investment of approximately 51,430 billion VND), Stainless Steel Production Plant (total investment of over 380 million USD)...
Vingroup's projects include: Vinhomes Vung Ang Industrial Park (total investment of over VND 13,276 billion), the project to build a factory for lease to produce auxiliary electric vehicle components (total investment of over VND 21,400 billion), VinFast Ha Tinh Electric Vehicle Factory (total investment of over VND 8,423 billion), VINES Vung Ang Battery Factory (total investment of over VND 8,814.4 billion), VG Lithium Battery Cell Factory, Son Duong International Port (total investment of approximately VND 8,866 billion), Vinmetal Ha Tinh Steel Factory (total investment of VND 79,986 billion), Song Tri Ward New Urban Area (total investment of VND 8,000 billion), Ky Anh Wind Power Plant (total investment of VND 17,051 billion), and Eco Wind Ky Anh Wind Power Plant (total investment of VND 22,647 billion).
- As an investment-incentive area, investment projects will enjoy the maximum preferential policies as stipulated by law.
- Areas encouraged for investment:
+ High technology; processing technology, supporting industries; downstream steel manufacturing industries; automotive industry; free trade center, information technology center.
+ Infrastructure, services - tourism - commerce.
+ Seaports; port services, loading and unloading, logistics, maritime transport.
+ Social infrastructure projects.
