Vietnam PM Passes Dung Quat EZ Master Plan
The Vietnamese Prime Minister has decided to adjust the master plan for developing the Dung Quat Economic Zone (EZ) into a multi-functional economic zone through 2025.
Under the decision, the planning of the EZ’s current area of 10,300 ha and an extended area of 24,280 ha on land and 10,752 ha on sea will be adjusted, stated Decision No. 998 issued recently by the PM.
The existing Dung Quat EZ will be developed into a multi-functional EZ covering various industries of trade, services, industrial, tourism, agro-forestry-fisheries, and urban development, said the decision.
Oil refinement, petrochemical, chemical and heavy industry fields will be its spearhead sectors.
The expanded zone is estimated to have a population of about 485,000 people, including 320,000 urban residents.
Located in Binh Son district, central Quang Nam province, the Dung Quat Economic Zone had pulled in 147 investment projects worth US$10 billion as of mid-June, the economic zone management board said. (Vietnam & World Economy, People’s Army)
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