Vietnam Central Economic Zone Attracts US$9.4B

1:22:25 AM | 4/6/2010

Vung Ang Economic Zone (EZ) in Vietnam’s central province of Ha Tinh has to date attracted 60 projects totaling VND180 trillion (US$9.42 billion).
 
The biggest projects among those include a US$7.9-billion steel and oil refinery project by Taiwan’s Formosa, PetroVietnam’s US$1.2-billion thermal power plant and Ha Tinh Iron & Steel Joint Stock Company’s US$100-million project.
 
The EZ management board has recently granted investment certificates for two South Korean companies, Vision Land and Humantech, to pour a combined investment of US$50 million into the zone.
 
Vision Land will develop and operate the EZ infrastructure system and Humantech will carry out a hotel and restaurant project. (VoV)