Investments into First Open Economic Zone in Vietnam Remain Modest
Authorities in Vietnam’s central province of Quang Nam-based Chu Lai Open Economic Zone (EZ) has to date licensed only 52 projects valued at $900 million after a 6-year operation.
Among those, the Chu Lai Truong Hai auto industrial park project worth $300 million is among the biggest projects.
In the first ten months of this year, the zone licensed four projects valued at $52 million, including two foreign direct investment projects capitalized at $12.5 million.
The Vietnamese government has approved VND30 trillion ($1.67 billion) to expand the EZ from now to 2020. Of the sum, VND7 trillion will come from the state budget.
The zone targets to bring in export turnover of between $335 million and $340 million create 170,000 jobs by 2020. (Investment)
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