Being in the northern economic triangle (Hà Nội – Hải Phòng – Quảng Ninh), the province has abundant resources and has immense potential to develop the economy in every sector. The People's Committee of Quảng Ninh Province in 2007 approved proposals for development plans up to 2020. Industrial development is taking place at a rapid pace. Mineral extraction industries are being developed. Special economic zones are being created and the plans envisage making the province a modern industrial province by 2015. The two economic development zones under development are the Mong Cai Border Gate Economic Zone and the Van Don Economic Zone. Tourism is also a sector of economic development, which has been given priority. Quảng Ninh has targeted to become a regional high-quality tourism center and an economic growth hub in the North with synchronized socio-economic and technical infrastructure and improved living conditions.