Vietnam Economic Zone Licenses 86 Projects Totaling $15.21B So Far
Vietnam’s central province of Khanh Hoa-based Van Phong economic zone (EZ) has to date licensed 86 projects totaling $15.21 billion, including 24 foreign direct investment (FDI) projects.
Among those, 28 projects valued at $320.54 million have become operational so far.
Of the projects, Petrolimex is implementing Van Phong oil refining complex costing $4.8 billion and Sumitomo Group is carrying out Van Phong hydropower plant, which are among biggest projects.
The EZ will need VND15 trillion to upgrade its infrastructure from now to 2015 to call on more foreign and domestic investors, Hoang Dinh Phi, vice-head of the EZ management board said.
Last year, Khanh Hoa province approved a list of 49 projects with a total investment of $4.7 billion to call for foreign and domestic investments through 2015. (Banking Times)
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