Central EZ Attracts US$270 Mln Investment in Jan-February
Dung Quat Economic Zone (EZ) in central Quang Ngai province licensed 13 industrial and service projects capitalized at VND4.3 trillion (US$270 million) in total, in the first two months of this year, Vietnam News Agency reported.
The biggest projects included the VND300-billion Thien Duc Fibre plant, the VND257-billion steel structure plant and the VND100-billion Gia Dat luxury villa.
In the two-month period, the EZ management board okayed Tycoons’ proposal on raising investment capital of its rolling steel project to US$3 billion from US$556 million.
Between January and February, tens of domestic and foreign companies came to the zone to seek investment opportunities, particularly in the areas of cement production and service sectors.
Dung Quat EZ has to date pulled in 89 projects with a total investment of over VND84.4 trillion (US$5.3 billion) from both domestic and foreign investors.
Prime Minister Nguyen Tan Dung has recently approved a general plan on the development of fast-growing Dung Quat EZ up to 2020, aiming to turn it into a central region’s urban-industrial-service center in the near future.
Under the plan, the 10,300-ha Dung Quat will be developed into a multi-sector EZ covering the areas of industry, trade, tourism, services, urban areas and agro-forestry-fishery business, with oil refinement and petro-chemistry being its spearhead sectors. (Vanguard, VNA)
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